National Grid: LNG Cargo Berths At Isle Of Grain Sunday
14th Jun 2010 11:09
LONDON (Dow Jones)--U.K. natural gas grid operator National Grid PLC (NGG) Monday said the Al Aamriya liquefied natural gas ship berthed Sunday at its Isle of Grain regassification terminal in Kent, southeast England. The Isle of Grain terminal is able to import 9.8 million metric tons of LNG a
Read moreLondon open: Miners move higher
14th Jun 2010 08:57
London has opened higher lifted by a late rally on Wall Street on Friday and a good showing by the miners this morning. BP is the worst performer this morning. The oil disaster in the Gulf of Mexico has now cost BP £1.1bn ($1.6bn) and the pressure on the oil giant is likely to intensify over the ne
Read moreUK's National Grid Gets 94.2% Rights Issue Takeup
14th Jun 2010 08:16
By Selina Williams Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. gas and electricity network operator National Grid PLC (NG.LN) said Monday it has received valid acceptances for 932.65 million new shares in its rights issue, representing around 94.2% of the total number of shares offered t
Read moreMARKET TALK: National Grid Rights Issue Take Up "High" - Analyst
14th Jun 2010 07:57
0657 GMT [Dow Jones] National Grid's (NG.LN) announcement of a take up of 94.2% of total number of shares offered to qualifying shareholders pursuant to the 2 for 5 rights issue announced May 20, 2010 is quite high, but not that surprising given the very large 44% rights discount, says an analyst. A
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
14th Jun 2010 07:57
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0657 GMT [Dow Jones] National Grid's (NG.LN) announcement of a take up of 94.2% of total number of shares offered to qualifyi
Read moreNational Grid Gets 94.2% Rights Issue Takeup >NG.LN
14th Jun 2010 07:25
LONDON (Dow Jones)--National Grid PLC (NG.LN), a U.K. power firm, said Monday it has received valid acceptances in respect of 932.65 million new shares, representing 94.2% of the total number of shares offered to qualifying shareholders pursuant to the 2:5 rights issue announced May 20. -Shares
Read moreNational Grid rights issue gets 94% take-up
14th Jun 2010 07:01
Most of National Grid's shareholders, 94.2%, have taken up their rights as part of the gas and electricity supplier's £3.2bn cash call announced last month. The fundraising, fully underwritten by Morgan Stanley, BofA Merrill Lynch and Deutsche Bank, gave investors the chance to buy two rights share
Read moreNational Grid Preparing For Huge World Cup Power Demand Surges
10th Jun 2010 00:01
LONDON (Dow Jones)--U.K. electricity and natural gas network operator National Grid PLC (NG.LN) said Friday it was preparing for huge surges in power demand during televised matches as England begins its World Cup football campaign. If England reaches the final, National Grid is forecasting a po
Read moreLondon close: Footsie slides again on euro woes
20th May 2010 16:34
London took its place in line on another miserable day for European stock markets as concern about the health of Europe sparked a switch into bonds. US shares also slumped as German chancellor Angela Merkel issued more controversial comments, including advocating a hands-on global response to marke
Read moreFTSE 100 movers: National Grid leads index lower
20th May 2010 15:39
The slump in Footsie is so complete that there are no constituents whose share price has risen today. The best performer is British Land, whose share price is 0.25% lower. The rights issue announcement from National Grid has knocked its share price. The two-for-five rights issue at 335p a share
Read moreLondon afternoon: Footsie lower on weak US
20th May 2010 14:24
Futures pointing to a sharp dip in US markets early on knocked blue chips in London as the afternoon session got underway. Rio Tinto leads the miners lower after Bank of America Merrill Lynch removed the stock from its "Europe 1" list and downgraded the stock to "neutral" from "buy". The broker sa
Read moreLondon midday: Footsie drifts into the red
20th May 2010 12:07
Footsie dipped into negative territory shortly before the lunch time session commenced, with miners largely responsible for the downturn. Rio Tinto leads the miners lower after Bank of America Merrill Lynch removed the stock from its "Europe 1" list and downgraded the stock to "neutral" from "buy".
Read moreLondon open: Markets start well
20th May 2010 08:46
London's leading shares are posting good gains following the heavy sell-off yesterday. Gas and electricity pipeline grid operator National Grid is a big faller though. The group announced a fully underwritten rights issue to raise £3.2bn as it posted a 57% rise in full year profits. Pre-tax profit
Read moreLondon pre-open: Neutral start in store
20th May 2010 07:40
After yesterday's shake-out traders are unsure which way leading stocks will jump at the outset. Gas and electricity pipeline grid operator National Grid caught the market on the hop when it announced a 2 for 5 rights issue to raise around £3.2bn. The new shares are being issued at 335p. The cash c
Read moreNational Grid to raise £3.2bn, profits rise
20th May 2010 07:07
National Grid announced a fully underwritten rights issue to raise £3.2bn as it posted a 57% rise in full year profits. The gas and electricity supplier said the 2 for 5 right issue will be priced at 335p per share, a 43.7% discount. It will issue 990.4m shares. The group said the rights issue wil
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