Sunday newspaper round-up: Energy sector, EdF, Fracking
11th Sep 2022 23:26
(Sharecast News) - Industry sources are warning that the energy sector needs to know the details of the new Prime Ministers' plans to support businesses in order for them to take effect during the next winter. The government has indicated that a more complete plan for businesses will be announced as soon as possible. In another development, Centrica chief executive officer, Chris O'Shea, voiced support for using contracts for difference for long-term electricity prices as part of efforts to ensure lower prices for consumers over the years ahead. - The Sunday Telegraph
Read moreSunday newspaper round-up: Energy bill freeze, Iceland, National Grid
4th Sep 2022 16:57
(Sharecast News) - Lizz Truss declined in an interview with BBC One to rule out freezing energy bills in some form if she were elected, vowing to take action within a week if she were. Truss, who is widely expected to come out on top in the Tory leadership contest, vowed she would reveal her plans to ease the pain from soaring energy prices and expanding energy supply within seven days after entering Number 10. A plan to restart economic growth through tax cuts would be forthcoming within a month from assuming office. Labour leader, Sir Keir Starmer, has proposed keeping the cap in place throughout the winter, putting the cost to the Treasury at £29bn. - The Sunday Telegraph
Read moreSunday newspaper round-up: Inflation, OneWeb, Rolls-Royce
24th Jul 2022 16:46
(Sharecast News) - The consultancy unit of EY think that consumer price inflation could hit 15% over the next winter. The prediction is a worst case scenario from the economists at EY-Parthenon, premised on President Putin blocking natural gas supplies to Europe, soaring food prices and inflation expectations becoming embedded amongst the population. Inflation in the UK hit a 40-year high in June, rising at an annual pace of 9.4%, and candidate for Prime Minister, Rishi Sunak, has described the cost of living as the "number one challenge we face". - Sunday Times
Read moreUK 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.
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