National Grid Chairman invests following full-year results
22nd May 2012 16:14
The Chairman of National Grid has raised his stake just five days after the energy supplier reported a five per cent increase in full-year adjusted profits. Sir Peter Gershon, who joined the board as deputy Chairman in August last year, became the sole Chairman in January after succeeding Sir John
Read moreFriday tips round-up: National Grid, Marston's, Invensys
18th May 2012 06:58
Questor in the Telegraph still holds a candle for National Grid, which manages electricity transmission across the UK, while also having interests in the US. The big question is how much the power regulator Ofgem will let it charge its customers in the next regulatory period, but the firm generated
Read moreLondon close: Footsie suffers another sell-off on euro concerns
17th May 2012 16:28
- Bank run speculation across Europe grips markets - Barroso wants Greece to stay in Eurozone - Moody's could downgrade Spanish banks Concerns over a potential bank run in Greece and uncertainty surrounding its possible exit from the Eurozone fuelled another sell-off on Thursday. Since the start of
Read moreFTSE 100 movers: Miners drop, pushed lower by Jefferies downgrade
17th May 2012 15:22
Mining and financial stocks were providing a drag on the Footsie today, as investors continue to flee from 'risker' assets amidst the global economic uncertainty. Providing further downward pressure on the resources sector was US broker Jefferies after having slashed its target prices for mining sto
Read moreLondon midday: Greek crisis continues to dampen sentiment
17th May 2012 11:59
- IMF tells Greece to stick to austerity - FOMC expresses concerns over euro crisis - Yields rise at Spanish bond auction, again Greek uncertainties, gloomy comments from the US Federal Reserve and rising bond yields in Spain knocked another one per cent off the value of the FTSE 100 on Thursday, a
Read moreLondon open: Greek contagion fears sink stocks again
17th May 2012 08:41
- Greek exit contagion fears grip markets again - ECB stops support for some Greek banks - FOMC reveal concerns over the euro crisis The FTSE 100 was heading for a fourth straight fall on Thursday as concerns over contagion from the Greek debt crisis continued to cloud the outlook for the global ec
Read moreNational Grid edges up capex projections
17th May 2012 07:37
Energy supplier National Grid is targeting a four per cent increase in its dividend this fiscal year after turning in slightly better than expected figures for the year just ended. Adjusted profit before tax in the year ended March 31st was £2,585m, up 5% from £2,473m the year before and ahead of m
Read moreLondon close: US sentiment data sparks late rally
11th May 2012 16:36
- US consumer sentiment at post-recession high - Banks weighed down by JP Morgan surprise trading loss - Miners pressured lower by Chinese data After a weak start, the FTSE 100 surged in afternoon trade on the back of some upbeat consumer sentiment data Stateside which helped to offset gloomy econo
Read moreMonday broker round-up - UPDATE
16th Apr 2012 08:22
AMEC: Investec keeps buy rating and 1,300p target. AVEVA: Merchant Securities maintains buy recommendation and 1,800p target; Invetec cuts target from 1,900p to 1,850p, buy rating kept. Barclays: Investec maintains buy rating and 240p target. BHP Billiton: UBS cuts target from 2,500p to 2,400p, b
Read moreSector movers: Oil services stocks drop, defensives in demand
10th Apr 2012 15:09
Drugs and utilities stocks were among the few making gains on Tuesday afternoon, as investors sought 'safer', more defensive assets on the back of some gloomy employment data out from the US on Friday. GlaxoSmithKline and AstraZeneca were providing a lift in the pharmaceuticals and biotechnology se
Read moreLondon open: Stocks rebound after heavy sell-off
5th Apr 2012 08:28
- Market awaits BoE decision - Ashmore flying high after upgrade - Miners recover after sell-off yesterday London's blue chip index rose moderately in early trading on Thursday ahead of a long weekend, recovering after yesterday's sell-off. The Footsie fell 135 points, or 2.3%, yesterday on the ba
Read moreFTSE 100 movers: Investors turn to defensive stocks following GDP data
28th Mar 2012 13:52
Investors appeared to be shifting their money into defensive sectors, such as pharmaceuticals and utilities, putting drugs giants GlaxoSmithKline and Shire in demand, joined by energy firm International Power and National Grid. Investor sentiment was hit by the news that the UK economy did worse i
Read moreLondon midday: Gains pared despite strong performance by banks
27th Mar 2012 11:55
- Government may cut stake in RBS - Defensives sold off - Resolution could split before sale The Footsie was nearly back where it started by midday, after gains were trimmed as heavy losses for Resolution, Compass and utilities stocks weighed on the blue chip index. The earlier rise for London's
Read moreLondon close: Stocks slump on global manufacturing data
22nd Mar 2012 16:57
- PMIs disappoint from China and Eurozone - Miners down on demand concerns, Randgold plummets on Malian military coup - Broker downgrades weigh on stocks After a steep fall early on, London's blue chips traded broadly sideways for the remainder of the day as gloomy economic data weighed on senti
Read moreLondon midday: Macro data weighs on stocks
22nd Mar 2012 11:43
- PMIs disappoint from China and Eurozone - Miners down on demand concerns, Randgold plummets on Malian military coup - Broker downgrades weigh on stocks The Footsie was firmly lower by lunchtime as a result of heavy losses in the mining sector on the back of some gloomy economic data from China.
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