National Grid says consumers want investment in net zero rather than cheaper bills
“The proposals also risk disrupting our supply chain, inhibiting our ability to maintain resilient and reliable networks,” the electricity distributor said
Company
National Grid PLC
LON:NG.
National Grid is an international, London-based company, which provides electricity and natural gas
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National Grid submits rate increase for upstate New York business
The area represents almost 30% of the energy distributor's US rate base
Britain to have 40mln electric vehicles by 2040 predicts UK grid operator
Heat pumps with thermal batteries should replace gas boilers says NG
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Today's Market View - Bezant Resources; Shanta God and more...
Economics US – Discussions over a new COVID-19 related stimulus package will start at the White House on Monday involving Senate Majority Leader Mitch McConnell, Treasury Secretary Steven Mnuchin and others. Bloomberg reports Virus ‘out of
European utilities facing most positive structural backdrop since financial crisis, says Deutsche Bank
There has been a “sharp divergence with perceived quality being rewarded, although with much lower multiples for utilities with a more mixed track record, or in some cases cyclicality”
National Grid keeps dividend lights on despite coronavirus hit
There was a £117mln impact from coronavirus on earnings from increased provisions for US bad debts, with another £400mln expected to hit profits in the current year
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FTSE 100 closes in the red as health fears continue to drag down markets
Despite a small recovery, there is little sign that the blue-chips will turn positive before the close
National Grid is next to go under dividend spotlight, but Bank of England meeting key
National Grid is the standout bluechip name in the diary for Thursday.
UK water companies remain pick of utilities for Deutsche Bank through coronavirus crisis
Analysts at the bank also downgraded their recommendation on National Grid
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Today's Market View - Adriatic Metals, BHP, Base Resources and more...
Adriatic Metals* (ASX:ADT) – Rupice metallurgical results BHP (LON:BHP) – Half-Year Production report BlueRock Diamonds* (LON:BRD) – Achieves profitable operations during H2 2019 Base Resources (LON:BSE) – Assays indicate likely high-grade
National Grid tightens emissions targets as interim profits fall
Chief executive John Pettigrew felt it was a “solid financial performance” in the half-year
Ofgem strikes £80mln from National Grid funding for Hinkley Point
Ofgem said it was unsure National Grid's £717mln funding request represented "value for money to consumers"
Ofgem launches power outage probe as it questions initial report from National Grid
Ofgem said it would start its own inquiry into what happened after receiving National Grid’s findings as it felt there were “still areas where we need to use our statutory powers to investigate these outages”
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FTSE 100 closes sharply lower as US jobs fail to inspire; RBS top laggard
"The [jobs] report will more than likely be brushed aside as Fed Chair Powell and US President Trump continue to clash horns in a power struggle," said Nick Kilbey, a sales trader at Foenix Partners
Morgan Stanley turns bearish on global stocks as 'downside risks' build up
Strategists at the investment bank downgraded its rating on global equities as it saw a "poor" risk/reward outlook for the next three months
Investments and investor services
FTSE 100 closes lower on day but up slightly on week as trade tensions still weigh
The UK's index of leading company shares closed Friday down nearly 23 points at 7,345
Investments and investor services
FTSE 100 regains ground at the close
The FTSE 100 closed 32.86 points higher at 7,218.16 on Thursday, just easing off its late afternoon high of 7,235
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Johnson Matthey's final results provide a step up in class for Thursday's corporate diary
The Day Ahead will also bring updates from two FTSE 250-listed firms, transport operator FirstGroup and water utility Pennon, plus numbers from newspapers group Daily Mail
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Enjoy the UK bank holiday, because there will be little else to get excited about in the coming week
The shortened trading Week Ahead will only bring updates from the likes of second-liners FirstGroup, Pennon, Wizz Air, and Daily Mail & General Trust
National Grid loses power as Labour unveils nationalisation plans
The UK Opposition party said privatisation of the UK’s energy grid had led to “companies operating the grid to rip customers off”
Investments and investor services
FTSE 100 closes firmly higher as Wall Street shares head north; sterling slides
The UK benchmark index closed over 56 points higher, at 7,353, aided by the fall in the pound
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Burberry and Thomas Cook in the spotlight; ex-divs to take 26 points off the FTSE 100
Numbers from Countryside Properties, National Grid, and Wincanton will also be among Thursday's highlights.
Hardware & electrical equipment
Haydale Graphene’s composite transition piece gets thumbs up from the National Grid
CTPs are used to provide sealing around pipelines when they pass through concrete walls, allowing pipes to be inspected and maintained more easily while preventing contamination
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Proactive news snapshot: Argo Blockchain, Tavistock Investments, Be Heard Group …
A glance at some of the day's highlights from the Proactive Investors newswire
Imperial Brands says has initiated search for a new non-executive chairman following recent investor unrest
Williamson, who also chairs FTSE 250 engineer Spectris PLC and is senior independent director at National Grid PLC, has been on the board of Imperial Brands since 2007
National Grid reaches “satisfactory agreement” with two US unions to end lock-out at its Massachusetts Gas business
The FTSE 100-listed power distributor said the agreement is for a five-and-a-half-year contract for 1,250 employees in the Massachusetts Gas business
National Grid "disappointed" by proposed financial package in energy regulator price controls consultation document
The FTSE 100-listed company said it "welcomes" the Ofgem’s "continued commitment" to the key principles of the new RIIO-2 regulatory framework, which involved "incentives, innovation and output based regulation"
FTSE 100 closes firmly in the red as PM Theresa May says Brexit deal within grasp
The UK blue-chip benchmark closed down nearly 90 points at 6,960, while the FTSE 250 shed nearly 55 points
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No profit warning repeat hoped for from British Gas owner Centrica
Aside from Centrica, the Day Ahead includes updates from the likes of water firm Severn Trent, booze retailer Majestic Wines, and pubs operator Mitchells & Butlers
Investments and investor services
J Sainsbury and retailers to be among highlights amid busy Thursday schedule
Sainsbury, Superdry and Burberry are among the names in the diary for Thursday.
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Trump mid-term test and US rate decision to give week ahead a Trans-Atlantic twist
Aside from the US elections and Fed policy meeting, updates from UK blue-chip retailers J Sainsbury, Wm Morrison Supermarkets and Marks & Spencer should draw the most attention in the coming week
FTSE 100 closes in red and at four month-low amid trade worries
The pound added 0.03% against the Euro and was up 0.40% against the US dollar..
Centrica shares boosted by Citigroup rating upgrade, says utilities “starting to see fundamental value”
The US bank raised its stance on both Centrica and its blue-chip peer United Utilities PLC to ‘buy’ from ‘neutral’, highlighting valuation calls in both stocks
FTSE 100 closes slightly in red as traders sit on hands ahead of central bank updates
FTSE 100 closed down 0.46 points, or 0.01% at 7,700 on Monday
Deutsche Bank puts utilities in crosshairs; downgrades United Utilities amid target price changes
The bank said that while it had turned more positive on the sector in early April, an average 20% rally in prices since then meant there was now “a more balanced risk-reward trade-off”
Investments and investor services
FTSE 100 closes in the red as Trump's tariffs spook investors
Tariffs are to be imposed on steel and aloooooooooomin'm imported from Canada, Mexico and the European Union.
Investments and investor services
Johnson Matthey and FirstGroup set to provide Thursday’s highlight results
Platinum refiner Johnson Matthey provides one of the week’s rare blue-chip appearances, whereas FirstGroup investors will want answers after management snub takeover advances recently.
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Quiet week seen following UK bank holiday, with any dividend news from RBS's AGM the main interest
Week Ahead also includes full-year results from platinum refiner Johnson Matthey PLC, transport operator Firstgroup PLC, and discount retailer B&M European Value Retail SA
National Grid expects top end medium term growth as dividend hiked
The FTSE 100 utilities provider reported underlying pre-tax profits had increased 4% to £2.68bn, while revenues before exceptional items and remeasurements stood at £15.2bn
Investments and investor services
FTSE 100 clocks off at new closing high
FTSE 100 closed at a new all time high on Thursday, up 0.70% to 7,787
Investments and investor services
Royal Mail in the spotlight, but will Thomas Cook deliver more growth?
As Moya Greene's last set of Royal Mail results are released analysts expect the attention will be on guidance for 2019.
BT Group is not the only blue-chip with a debt mountain and pension problems
There's an argument to be made that BT would have been better off tapping the market three years ago when its shares were twice as high as they are now, rather than braving it out. John Harrington looks at the FTSE 350 to see whether there
National Grid says financial boss Andrew Bonfield stepping down to join a US public company
The power distribution group said Andy Agg, currently group tax and treasury director, will hold the CFO position on an interim basis while the board looks to identify a permanent successor
Investments and investor services
FTSE 100 calls Mayday but manages to end the day safely in positive territory
Poor manufacturing stats raise worries over the British economy, the PMI measure for April was the lowest for 17-months..
National Grid sees stormy US weather cloud earnings forecasts
The FTSE 100-listed utilities provider said the costs, totalling £140mln, are expected to be recovered by its US businesses in future periods
Deutsche Bank plays favourites in utilities as Pennon Group upgraded while target prices cut across the board
In a note to clients, the bank said the sector has lost a quarter of its value over the last year as it was hit by regulatory and competitive pressures as well as concerns over political risk
Investments and investor services
FTSE 100 closes higher as traders await US interest rate decision
The Footsie has been in consolidation mode for most of the day
Proactive Oil Highlights: Chariot Oil & Gas, Eco (Atlantic), Solo Oil, Mosman Oil & Gas ...
This week saw a UK gas shortage, new discoveries, and share placings
J. Murphy & Son's buys Carillion's UK power framework business
Carillion went into liquidation last month after failing to secure a rescue deal in talks with lenders and the government
FTSE 100 clocks up 50 point gain despite strength of sterling
The dollar's revival did not last long, and although a weak dollar is regarded as being detrimental to the FTSE, the top-shares index still managed a 50 point gain
Investments and investor services
FTSE 100 closes higher; Next keeps festive cheer rolling
On a separate note, Mifid II comes into force today with the aim of increasing transparency and making everyone in the investment chain more accountable for their decisions
FTSE 100 closes down, dragged lower by Centrica PLC after dismal trading update
Market was subdued as US markets were closed for Thanksgiving
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Trading news from British Gas owner Centrica eyed amid energy tariff reform
The day ahead includes a trading update from British Gas owner Centrica, full year result from pubs operators Mitchells & Butlers PLC, and interims from Mothercare PLC
National Grid operations unit to become separate unit
National Grid gets to keep its systems operator unit but will be expected not to interfere in the way it is run
National Grid nudges higher as HSBC upgrades to ‘buy’ on “regulatory stay of execution”
Analysts at the bank think the next electricity transmission price control, due to start in 2021, will be pushed back for another two years
Ofgem warns gas and electricity network owners to expect lower prices in future
The pricing system has to be more flexible said the energy regulator in a consultation paper
Election uncertainty among factors leading Macquarie to downgrade British gas owner Centrica to 'hold'
Macquarie also cut its target price for Centrica to 220p and downgraded its 2017 earnings per share estimate by 17%, taking it to 9% below consensus
National Grid investors to share £4bn after sale of a 61% stake in its UK gas distribution arm
National Grid will receive a payment of £3.6bn in cash from the consortium buying the asset and will own a 39% minority equity interest in a new holding company
CUI Global upbeat on outlook for 2017
“Cumulatively, our efforts are generating momentum that puts us on a path to greater gas technology sales in 2017”
AstraZeneca a highlight for a busy City schedule for Thursday
AstraZeneca, Vedanta, Halfords, and SuperGroup were among those in Thursday's diary.
Week Ahead: US election takes centre stage
Aside from the election, several UK retailers have results due next week
CUI Global's UK subsidiary signs agreement with National Grid
The framework agreement lasts for five years and could be worth in excess of £30mln
PREVIEW: Royal Mail tipped to deliver the goods
Royal Mail expected to report revenues of £9.2bn and pre-tax profits of £410mln
Week ahead - Is Merlin on the right track?
Other updates come from paving specialist Marshalls, SSE Group, Thomas Cook Group PLC and Mothercare
CUI Global picks up another order from National Grid
It is also a first order for the IRIS-LITE unit, for smaller substations and above ground installations.
Perk up your portfolio
A light hearted look at shareholder perks that are available. Great news for beer swilling clothes horses in need of a telephone line rental.
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FTSE 100 kicks on, with miners leading the charge
With the exception of BHP Billiton, where the Samarco dam disaster still hangs over the company, mining shares were the day's best performing blue-chips.
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Power failure at National Grid as interest rates rise
As the cost of servicing National Grid's debt starts escalating, margins will be squeezed, limiting earnings per share growth going forward.
National Grid to sell stake in UK gas network arm as profits rise
Grid company to offload £6bn majority stake in UK gas distribution arm
Week Ahead: TalkTalk has some explaining to do
There are bigger companies reporting this week, such as Sainsbury's, Prudential, SABMiller and Rolls-Royce, but few will command as much coverage as TalkTalk,
Investments and investor services
FTSE 100 ends lower following afternoon blip
In London, the FTSE100 ended 82 points lower to 6,104, after a bizarre moment earlier in the day.
Unusually big share trade sparks London trading halt
So-called "basket trade" caused 60-point plunge in FTSE 100 Index
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Broker Spotlight – Imperial Tobacco, Ladbrokes, National Grid, HSBC, Flowgroup, Tungsten ...
Imperial Tobacco is back on the radar of Credit Suisse with an ‘outperform’ rating.
Broker Spotlight – Imperial Tobacco, Ladbrokes, Foxtons, FlowGroup, Tungsten ...
The City says be overweight Ladbrokes, National Grid and be indifferent to HSBC
Investments and investor services
FTSE 100 nears three figure losses, profit warnings hit Scisys and Pressure Technologies
A pair of profit warnings meant IT contractor Scisys and high pressure product manufacturer Pressure Technologies were the biggest fallers on a disappointing day for equities.