London close: Stocks mixed as investors watch Middle East newsflow
19th Apr 2024 16:56
(Sharecast News) - London's stock markets closed in a mixed state on Friday as traders kept a close watch on escalating tensions in the Middle East.
Read moreNational Grid raises underlying EPS guidance on accounting change
18th Apr 2024 07:39
(Sharecast News) - National Grid has lifted its profit guidance for the year to 31 March after an accounting change due to a tax relief change announced by the government.
Read moreLondon close: Stocks make small gains on quiet Thursday
23rd Nov 2023 16:09
(Sharecast News) - London's stock markets saw a positive turnaround by the end of the day on Thursday despite subdued trading activity due to the Thanksgiving holiday in the United States.
Read moreLondon close: Stocks gain as investors await Powell speech
9th Nov 2023 15:02
(Sharecast News) - London's stock markets were buoyant at the close of trading on Thursday, influenced by Chinese inflation data, a substantial influx of corporate news, and a speech from the Fed chair later in the global day.
Read moreNational Grid earnings fall in first half, as expected
9th Nov 2023 07:50
(Sharecast News) - National Grid reported a first-half underlying operating profit of £1.8bn on Thursday, in line with expectations, but down 15% at actual exchange rates and 14% at constant currency.
Read moreNational Grid trading in line, underlying EPS expected to be H2 weighted
5th Oct 2023 07:55
(Sharecast News) - National Grid said on Thursday that it continues to perform in line with its expectations and underlying earnings per share are set to have a greater weighting to the second half.
Read moreLondon close: Stocks finish in the red after raft of global data
4th Oct 2023 16:33
(Sharecast News) - London stocks retreated on Wednesday, reversing earlier gains as investors contended with suboptimal data from the UK services sector and the US jobs market.
Read moreBroker tips: Prudential, National Grid, SSE
23rd Aug 2023 14:53
(Sharecast News) - Deutsche Bank has cut its target price for insurance giant Prudential ahead of its results next week, but said the stock is still an "attractive" investment at the current valuation.
Read moreRBC picks National Grid and SSE as top utility stocks
23rd Aug 2023 10:13
(Sharecast News) - RBC has cut its target prices for a host of UK utility stocks, but highlighted networks National Grid and SSE as its top picks in the sector.
Read moreNational Grid sells further 20% of National Gas unit to Macquarie-led consortium
19th Jul 2023 07:03
(Sharecast News) - National Grid has sold a further 20% of its UK National Gas transmission and metering business to the existing majority owners, a consortium of investors led by Macquarie Asset Management, for around £700m.
Read moreBerenberg stays at 'hold' on National Grid, sees shares 'fully valued'
24th May 2023 14:27
(Sharecast News) - Analysts at Berenberg reiterated their 'hold' recommendation and 1,100.0p target price on shares of National Grid, the British electricity and gas utility.
Read moreNational Grid reports strong year but warns of lower EPS
18th May 2023 10:25
(Sharecast News) - National Grid reported a positive full-year financial performance on Thursday, but warned of lower earnings going forward as a result of regulatory changes in the UK.
Read moreSunday newspaper round-up: Tesco, National Grid, Morrisons
14th May 2023 20:17
(Sharecast News) - Tesco's pension fund lost £9bn in value and fell into a deficit after multiple safe investments went sour. In particular, the fund is heavily exposed to so-called Liability Driven Investments. Those LDIs came unstuck in 2022 following a sharp rise in interest rates that left pension funds nursing heavy losses. Yet the grocer had no plans to pay more into the pension plan with a spokesman saying that the scheme was "in a strong position", "well-funded" and employing a different measure for estimating contributions then it was in fact "in surplus". - The Financial Mail on Sunday
Read moreSunday newspaper round-up: Inflation, National Grid, Rolls Royce
23rd Apr 2023 15:46
(Sharecast News) - Former Bank of England chief economist, Andy Haldane, believes that it is "pretty much nailed on" that inflation will halve over the next six months as energy price increases slow down. But in remarks to Sky News, Haldane cautioned that hikes in Bank Rate had yet to impact borrowing costs for many borrowers, especially those on fixed-rate mortgages. "The effects of the tightening so far haven't been fully felt. That would give me cause for pause. I'd think, hang on, the economy is still on unsteady legs right now. Much of the tightening that has already happened hasn't hit people's bank accounts. Perhaps now is the time to press the pause button and see what happens." - Guardian
Read moreJP Morgan stays at 'buy' on National Grid highlighting 'solid' balance sheet
17th Apr 2023 11:11
(Sharecast News) - Analysts at J.P.Morgan reiterated their 'overweight' recommendation for shares of National Grid in anticipation of increased investor focus on the company's 'solid' balance sheet.
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