National Grid makes strong start under new regulatory regimes
15th May 2014 07:05
- PBT up two per cent - EPS up five per cent - Dividend up 2.9 per cent After UK and US regulatory reviews in the previous year, National Grid made a solid start under the new regime, with earnings climbing and an increased dividend. Adjusted operating profits rose 1% to £3.7bn and profit before
Read moreLondon close: FTSE down as Russian units spotted in Ukraine
15th Apr 2014 16:59
- FTSE closes down 42.15 points at 6,541.61 - Ukraine says Russian forces have entered the country - UK inflation falls to 1.6 per cent in March - German investor confidence falls for 4th month techMARK 2,630.91 -0.44% FTSE 100 6,541.61 -0.64% FTSE 250 15,590.50 -0.71% It was another negative fini
Read moreFTSE 100 movers: Royal Mail leads risers, miners slide lower
15th Apr 2014 14:00
Royal Mail shares were in the top spot in today's session, as investors await to hear the government's decision on whether to sell the remaining 30 per cent stake in the group now that the lock-up period has expired. According to the BBC, senior Tories are firmly in favour of a sale. Defensive stoc
Read moreMonday newspaper round-up: IMF, Business investment, Consumer spending
7th Apr 2014 07:14
Almost one year ago the International Monetary Fund (IMF) urged the Chancellor George Osborne to abandon austerity and implement a so-called 'Plan B' to stimulate growth. However, as he prepares to head to the US this week, for the IMF's spring meetings, the Washington-based international lender is
Read moreNational Grid names expert in debt capital markets to board
18th Mar 2014 09:56
Multinational electricity group National Grid announced the appointment of Therese Esperdy, JP Morgan's co-Head of Banking in Asia Pacific, as a non-executive director effective today. She will also be joining the finance and nominations committee and is anticipated to become Chairman of the former
Read moreFriday tips round-up: National Grid, BSkyB
31st Jan 2014 07:22
National Grid is in an enviable position. Unlike water companies its pricing regime goes out to March 2021, giving shareholders more than ample 'visiblity'. Likewise, since its business has little impact on consumers´energy bills it remains comfortably outside the perimeter of the politcal backlash
Read moreNational Grid networks resilient in harsh winter weather
30th Jan 2014 07:43
- UK, US networks perform well despite winter weather - Full-year outlook unchanged Electricity and gas utility giant National Grid said that its networks performed well in the third quarter despite 'challenging' weather conditions in the US and UK, as it reiterated its positive outlook for the ful
Read moreLondon open: Markets flat after mixed data from China, Europe
23rd Jan 2014 08:50
- Chinese manufacturing unexpectedly contracts - PMI figures from Eurozone beat forecasts - Raft of US data due out later on - Pearson drops after gloomy update techMARK 2,854.33 +0.22% FTSE 100 6,830.94 +0.07% FTSE 250 16,142.38 -0.03% The FTSE 100 opened more or less flat on Thursday as investor
Read moreFTSE 100 movers: RSA rises on confidence ahead of investigation result
8th Jan 2014 16:01
RSA Insurance climbed strongly ahead of receiving the results of an independent investigation after it reiterated its confidence that the recent financial irregularities are isolated to its Irish business. The results are due to be announced tomorrow. Banking stocks were extending yesterday's gain
Read moreLondon midday: Markets fall as Sainsbury leads retailers lower
8th Jan 2014 11:30
- Updates from Sainsbury, Mothercare, Majestic fail to impress - Eurozone retail sales, German factory orders beat forecasts - US data, central banks in focus over coming days techMARK 2,783.91 -0.20% FTSE 100 6,725.52 -0.44% FTSE 250 16,043.77 -0.16% The FTSE 100 pulled back from a two-month high
Read moreFTSE 100 movers: Carnival, ARM Holdings
23rd Dec 2013 14:00
Cruise operator Carnival topped the FTSE 100 after last week reporting better-than-expected trading and saying it predicts the first quarter will beat market forecasts. Despite recent sharp gains, however, the stock is still stuck within a broad sideways trading range, technical analysts at Sharecas
Read moreLondon close: Stocks fall one per cent on earnings, taper fears
12th Dec 2013 16:39
- Perform plummets after profit warning - Sports Direct and Wood Group fall sharply after results - Taper bets increase ahead of Fed meeting, US data in focus - FTSE 100 at lowest level since mid-October techMARK 2,652.61 -0.83% FTSE 100 6,445.25 -0.96% FTSE 250 15,211.54 -1.20% The FTSE 100 finis
Read moreSector movers: Defensive utilities gain amid wider market weakness
12th Dec 2013 15:25
The utilities industry was the only sector trading in positive territory on Thursday as investors turned to defensive assets amid a wider market sell-off. London's FTSE 100 was trading as much as 1% lower during today's session as investors scaled back their risk appetite ahead of a potential taper
Read moreFTSE 100 movers: Sports Direct dives in spite of leap in H1 profit
12th Dec 2013 15:17
Sportswear and equipment retailer Sports Direct slumped today despite delivering a near-17 per cent jump in underlying profits during its first half, driven by an increase in online and international sales. However, the company did say that '[current] trading has now reverted to management's origina
Read moreLondon open: FTSE creeps higher, driven by Sage Group
4th Dec 2013 08:41
- FTSE edges higher - Focus on Friday's US jobs report - Sage races ahead techMARK 2,652.09 +0.44% FTSE 100 6,528.83 -0.06% FTSE 250 15,158.24 +0.03% The FTSE inched higher in early trading, as expected, ignoring declines in both the US and Asia as Sage Group drove the top tier index higher with
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