London midday: Stocks off the bottom
30th Jul 2010 12:12
Leading shares entered the lunch time trading session with a bit of momentum, with the FTSE index coming off its lowest levels of the day in the last half hour of the morning. Investors are turning to utilities after EDF sold its UK electricity grid operation to a consortium headed by Hong Kong bi
Read moreLondon open: Blue chips slip lower
30th Jul 2010 08:31
London's top stocks have opened lower with the focus on the latest earnings reports and GDP data due out in the US later today. Ash clouds from Iceland and strike action caused losses to grow at British Airways during a tough first quarter, although the airline still expects to break-even for the y
Read moreNational Grid Sets Floating Rate Purchase Price At 99.75%
29th Jul 2010 10:22
LONDON (Dow Jones)--Utility firm, National Grid PLC (NGG) said Thursday that the floating rate purchase price will be 99.75% of the nominal amount of the relevant notes under the tender offers of its outstanding GBP414 million 6.125% Instruments due April 2014; EUR750 million floating rate instrumen
Read moreTuesday tips round-up: Pearson, Pace, Dana
27th Jul 2010 06:46
The good news for its shareholders is that Pearson tends to generate the majority of its profits in the second half, even though yesterday it was striking a cautionary note, given the uncertainty in the market. While Pearson will face tougher comparatives, the management believe they are in a good
Read moreUPDATE:Ofgem Proposes Changes To Spur UK Low-CO2 Network Investment
26th Jul 2010 13:20
(Recasts lede, adds details.) By Selina Williams Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Britain's energy regulator Ofgem Monday proposed a new price control model to meet the GBP32 billion investment needed over the next decade in low-carbon energy networks as more nuclear power, r
Read moreNational Grid Sees Trading In Line; Outlook For Year Positive
26th Jul 2010 07:40
LONDON (Dow Jones)--National Grid PLC (NG.LN) said Monday it sees trading in line with expectations and the outlook for the year remains positive. The U.K.-based utility, which owns and operates electricity and natural gas networks in the U.K. and U.S., said in a statement it expected a substant
Read moreGas recovery aids National Grid
26th Jul 2010 07:10
An improvement by its gas distribution business has kept National Grid on track to hit targets this year. "We are well positioned to deliver another year of good performance, which will underpin our targeted 8% dividend growth policy to 2012. In particular we expect a substantial improvement in ou
Read moreNational Grid Plans To Put Cash Toward Bond Buybacks
22nd Jul 2010 17:04
LONDON (Dow Jones)--National Grid (NG.LN) plans to use part of its cash pile to buy back up to EUR450 million of its shorter-dated bonds, as "the group is very long cash at the moment after a recent rights issue, so retiring these bonds makes efficient use of our cash," a company spokesperson said T
Read morePRESS RELEASE: National Grid Publishes White Paper on Renewable Gas
22nd Jul 2010 16:15
-- National Grid's research shows that 16% of gas demand in its service area could be met through renewable gas -- New white paper shows that renewable gas is a real and viable option that can reduce greenhouse gas emissions and help build a sustainable energy future -- Inv
Read morePRESS RELEASE: Niagara Mohawk Power Corporation Declares Preferred Stock Dividends
22nd Jul 2010 12:55
SYRACUSE, N.Y.--(BUSINESS WIRE)--July 22, 2010-- Niagara Mohawk Power Corp., a subsidiary of National Grid plc (NYSE: NGG), announced that its Board of Directors has declared dividends at the following rates for all series of its preferred stock. .85% of $100 par value on the 3.40% Series;
Read moreMARKET TALK: UBS Downgrades Severn Trent To Neutral Vs Buy
14th Jul 2010 08:13
0713 GMT [Dow Jones] UBS downgrades Severn Trent (SVT.LN) to neutral from buy after the stock gives a total return of 24% year-to-date, outperforming both the FTSE 100 and the sector. Sees little fundamental upside for Severn Trent, although highlights that M&A will be a factor for UK regulated util
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
14th Jul 2010 08:13
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0713 GMT [Dow Jones] UBS downgrades Severn Trent (SVT.LN) to neutral from buy after the stock gives a total return of 24%
Read moreNational Grid: LNG Cargo Berths At Isle Of Grain Saturday
12th Jul 2010 10:15
LONDON (Dow Jones)--U.K. natural gas grid operator National Grid PLC (NGG) Monday said the Al Kharsaah liquefied natural gas ship berthed at its Isle of Grain regassification terminal in Kent, southeast England, Saturday. The Isle of Grain terminal is able to import 9.8 million metric tons of LN
Read moreUS HOT STOCKS: KLA-Tencor, ScanSource, TeleCommunication Systems -2-
9th Jul 2010 22:03
First BanCorp of Puerto Rico (FBP, $0.56, -$0.09, -13.81%) pulled back after a 54% jump Thursday. That rally came after it said it will issue preferred shares convertible to common stock to swap for those preferred holdings the U.S. Treasury Department had as part of the bank's bailout. Grand C
Read moreUS HOT STOCKS: Lawson Software, Myriad, ScanSource-2-
9th Jul 2010 18:20
Lawson Software Inc.'s (LWSN, $7.39, -$0.23, -3.02%) fiscal fourth-quarter earnings fell 30% as restructuring charges and other effects again obscured core-profit growth, better sales and improved margins. The business-software maker gave a weak outlook. Myriad Genetics Inc. (MYGN, $14.75, -$0.
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