National Grid asks Massachusetts for price increase
9th Nov 2015 07:30
(ShareCast News) - National Grid has filed a request with the Massachusetts Department of Public Utilities to update its electricity distribution rates. The company said it was the first time since 2009 it has filed such a request, which will impact all electricity companies operating in the state i
Read moreSunday newspaper round-up: Pressure on sterling, steel suppliers and Sajid Javid
8th Nov 2015 15:41
(ShareCast News) - The pound could plunge against the dollar to levels last seen during the financial crisis due to the increased likelihood of a US interest rate rise. Ever more economists predict December will see the Federal Reserve lift interest rates for the first time in years, while the Europ
Read moreNational Grid 'in early stage discussions about potential sale of gas operations'
8th Nov 2015 15:29
(ShareCast News) - Energy giant National Grid is gearing up for the sale of its remaining gas operations, sources have claimed. The group has reportedly not yet lined up any advisers, but is holding early-stage talks, 11 years after it sold half its gas distribution network. According to City sourc
Read moreFTSE 100 movers: Mining millstone reverses, IHG and IAG jump
6th Nov 2015 14:10
(ShareCast News) - The FTSE 100 spiked in mid afternoon on Friday, rebounding on the back of the US jobs report, before promptly being yanked back into negative territory by the millstone of depressed mining stocks. Falling metals and oil prices cast initial pressure on the natural resources sectors
Read moreJefferies downgrades National Grid on valuation
6th Nov 2015 14:06
(ShareCast News) - Jefferies downgraded National Grid to 'hold' from 'buy' but lifted the price target to 950p from 900p. It said that following the strong share price performance in recent months the shares are now at fair value. Still, it continues to believe National Grid will outperform against
Read moreBroker tips: National Grid, Betfair, Imperial Tobacco
6th Nov 2015 12:44
(ShareCast News) - Jefferies downgraded National Grid to 'hold' from 'buy' but lifted the price target to 950p from 900p. It said that following the strong share price performance in recent months the shares are now at fair value. Still, it continues to believe National Grid will outperform against
Read moreSteve Holliday to step down as National Grid CEO
3rd Nov 2015 07:52
(ShareCast News) - National Grid has announced that chief executive Steve Holliday will step down from the company next year. The FTSE 100 company announced his resignation on Tuesday, which will take effect on 31 March 2015. He will leave the board in July to ensure a smooth transition. He will be
Read moreNational Grid to raise £350m through issue of new bonds
24th Sep 2015 09:03
(ShareCast News) - National Grid intends to raise £350m of new debt financing through the issue of convertible bonds. It said the issue may be increased by up to £50m at the option of National Grid North America (NGNA) before pricing. National Grid said that as conversion rights in respect of the bo
Read moreNational Grid begins share buyback programme
7th Jul 2015 07:29
National Grid said on Tuesday that it has commenced a new irrevocable and non-discretionary programme to purchase ordinary shares in the capital of the company between 7 July 2015 and 28 July, as part of its management dilution resulting from the take-up of its scrip dividend. The buyback programme
Read moreTuesday share tips: Sky, BG Group, Vodafone
30th Jun 2015 12:02
Sky´s decision to dedicate one of its channels solely to Formula 1 fits in well with its strategy as a content distributor, but a theoretical purchase of the franchise whole does not. Speculation has surfaced it might do just that, with Liberty Global and a group backed by the Qatari government also
Read moreSunday newspaper round-up: Severn Trent, M&S, Greece
21st Jun 2015 14:11
Severn Trent is reportedly set to receive a second takeover bid from Borealis Infrastructure, two years after the Canadian investment company approached the water giant as part of a consortium. It is understood the £5bn offer has been discussed by the two groups in early stage talks that opened in M
Read moreSevern Trent and National Grid outperform during corrections
17th Jun 2015 13:42
Past performance is no guarantee of futures returns, but it may nevertheless pay to be aware of certain typical trading patterns, especially if you happen to own shares in Severn Trent or National Grid. Given the recent price action in financial markets - with the FTSE 100 down 6% from its peak and
Read moreFTSE 100 movers: Tobacco stocks surge on broker comments, miners lower
16th Jun 2015 12:58
London markets hit a five-month low on Wednesday, driven by continued Greece concerns, a sell-off in Chinese markets and weakness in the mining, construction and technology sectors. As of 14:00 BST, the FTSE 100 was trading 0.42% lower at 6,683. British American Tobacco and Imperial Tobacco led the
Read moreNational Grid lifted to 'overweight' at Morgan Stanley
16th Jun 2015 11:29
Morgan Stanley upgraded National Grid to 'overweight' from 'equalweight' and raised its price target on the shares to 955p from 910p saying it sees attractions in all three business areas. MS said National Grid stands out in the European utility sector for its low-risk total return and valuation ver
Read moreTuesday broker round-up
16th Jun 2015 08:49
Imperial Tobacco Group: JP Morgan moves to neutral from not rated with 3,550p target. Credit Suisse reinstates coverage with outperform and 3,600p target. British American Tobacco: Credit Suisse reinstates coverage at outperform with 3,800p target. HSBC: Santander ups to hold. TT Electronics: Bere
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