UK Grid prepares to pay cos cash to cut power use this winter - report
30th Jun 2022 09:59
(Sharecast News) - National Grid is asking UK companies how much electricity demand they will be able to cut next winter to help keep the lights on, Bloomberg reported, citing documents.
Read moreJefferies downgrades National Grid to 'hold'
30th Jun 2022 08:41
(Sharecast News) - Analysts at Jefferies downgraded utility company National Grid from 'buy' to 'hold' on Thursday, stating pressures on regulated returns and rising real yields both presented headwinds for the group.
Read moreOfgem unveils £21bn package to boost electricity networks
29th Jun 2022 12:04
(Sharecast News) - Ofgem, the energy regulator, has unveiled a £21bn package to upgrade the UK's regional electricity networks, but insisted that household bills will not rise as a result.
Read moreNational Grid full-year profits rise
19th May 2022 07:57
(Sharecast News) - National Grid posted a jump in full-year profit on Thursday and lifted its dividend, but cautioned over rising energy prices and the wider cost of living crisis.
Read moreNational Grid to pay out £200m from subsea cable revenues
11th May 2022 14:07
(Sharecast News) - National Grid is to share some of the excess revenues it generates from subsea electricity cables ahead of schedule, after striking a deal with Ofgem, the energy regulator.
Read moreFTSE 100 movers: Defensives wanted amid hawkish Fed comments
22nd Apr 2022 16:41
(Sharecast News) - Defensive issues were wanted on Friday after US Federal Reserve President, Jerome Powell, told an audience the night before that a 50 basis point interest rate hike at the 4 May policy meeting was in play.
Read moreBerenberg lowers National Grid to 'hold'
21st Apr 2022 09:49
(Sharecast News) - Analysts at Berenberg downgraded National Grid from 'buy' to 'hold' on Thursday, stating the stock was 'high enough for now'.
Read moreNational Grid predicts earnings slightly ahead of guidance
14th Apr 2022 07:10
(Sharecast News) - National Grid said it expected annual earnings per share to be slightly better than its earlier estimate as a higher tax rate partly offsets above-guidance profit in the UK.
Read moreNational Grid sells 60% stake in NGG
28th Mar 2022 07:13
(Sharecast News) - Utilities company National Grid has agreed to sell a 60% equity interest in its UK gas transmission and metering business to a consortium of long-term infrastructure investors.
Read moreOfgem probing National Grid on condition of Cumbria substation
24th Mar 2022 11:19
(Sharecast News) - Ofgem launched an investigation into National Grid on Thursday, probing whether the company's transmission operation breached its obligations over the condition of the Harker substation in Cumbria, and delayed connecting power generation to the site.
Read moreNational Grid sells stake in St William JV to Berkeley
15th Mar 2022 11:17
(Sharecast News) - National Grid has announced the sale of its entire 50% stake in the St William Homes joint venture to Berkeley Group for £412.5m in cash.
Read moreSunday share tips: Made.com, Geopolitical storm survivors
27th Feb 2022 16:23
(Sharecast News) - The Sunday Times's Sabah Meddings told readers to 'buy' shares of Made.com, predicting that the online furniture retailer would profit from easing supply snags and still high demand from millennials Europeans too.
Read moreSunday newspaper round-up: Vodafone Group, TSB, Inmarsat
30th Jan 2022 15:31
(Sharecast News) - Activist investor Cevian Capital has taken out a stake in Vodafone Group and is understood to have held talks in recent weeks regarding ways for the company to improve its performance. Cevian could push Vodafone to sell some of its assets around the world, strengthen key business lines or buy back shares, Bloomberg reported. Rumours regarding the outfit's vulnerability to a take over were already swirling last week with private equity outfits said to be circling. In order to ward off that threat, Vodafone has been considering acquisitions or a merger of its wireless towers with Deutche Telekom or Orange. It has also approached CK Hutchinson about a possible merger. - Financial Mail on Sunday
Read moreScottish Power, National Grid agree to pay £158m for subsea cable delay
30th Nov 2021 11:46
(Sharecast News) - National Grid and Scottish Power have agreed to pay £158m in redress for delays to the Western Link power cable project following an investigation by Ofgem, the energy regulator announced on Tuesday.
Read moreNational Grid ups guidance after strong first half
18th Nov 2021 08:04
(Sharecast News) - National Grid upgraded its full-year guidance as the power network operator reported a strong rise in first-half profit.
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