BUZZ-SSE: top of FTSE 100 after raises FY profit outlook

** UK-based energy supplier SSE (LSE: SSE.L - news) up 1.6 pct; tops FTSE 100 Index

** Company raises FY profit outlook as wet and windy weather drove 25 pct rise in production from its renewable energy plants in its first three quarters

** Co expects to deliver FY adjusted EPS in the range of 116 to 120 pence, consensus estimates at c.116p/share (in Nov co had forecast this at least in line with consensus forecast of 116p)

** EPS guidance range midpoint variance appears to be a result of slightly better generation volumes and lower customer losses run-rate - Jefferies

** Expect spinoff and merger of SSE's retail business to create material synergies and drive a re-rating for the remaining company, in line with sector precedents - Jefferies