National Grid reaches deal with US unions ending 6-month lockout
8th Jan 2019 07:09
(Sharecast News) - National Grid has reached a deal with two Massachusetts Gas unions over employment terms and conditions, ending a six-month lockout.
Read moreOfgem proposes to halve energy returns, National Grid 'disappointed'
18th Dec 2018 08:09
(Sharecast News) - Electricity regulator Ofgem has proposed price controls for networks as part of its plans to save consumers £45 per year, sending shares of National Grid lower on Tuesday.
Read moreNational Grid appoints Andy Agg as new CFO
12th Dec 2018 14:57
(Sharecast News) - National Grid has appointed Andy Agg as chief financial officer with effect from 1 January 2019.
Read moreNational Grid agrees Massachusetts revenue increase
2nd Oct 2018 09:21
(Sharecast News) - National Grid said a revenue increase agreed with Massachusetts public authorities supports its strategy of continuing ongoing investment across the US business.
Read moreDownside for United Utilities now limited even if nationalised, Citi says
29th Aug 2018 10:54
(Sharecast News) - Analysts at Citi sounded a 'bullish' note on three of the UK's listed utilities, telling clients the trio's improved fundamentals were starting to show through, despite the heightened political uncertainty in the UK.
Read moreOfgem proposes tougher price controls, clarifies plans for Hinkley Point connection
30th Jul 2018 09:14
(Sharecast News) - Ofgem said its plans to deliver savings of more than £5bn to consumers through "tougher price controls" for energy networks moved a step closer on Monday.
Read moreNational Grid in £35m share buyback
6th Feb 2017 07:13
(ShareCast News) - National Grid on Monday said it was spending £35m to buy back up to 3.5m shares. The company said the sole purpose of the exercise was to reduce its share capital as part of its management of the dilution resulting from the take-up of its scrip dividend offer for the interim divid
Read moreFriday broker round-up
20th Jan 2017 09:51
(ShareCast News) - Whitbread: Barclays upgrades to Equal Weight with target price of 4150p. Inmarsat: Deutsche Bank reiterates Buy with a target price of 1020p. Halfords Group: HSBC reiterates Buy with a target price of 415p. Pets at Home: HSBC downgrades to Hold with a target price of 230p. Nati
Read moreNational Grid plans £4bn cash return from selling stake in gas business
8th Dec 2016 07:05
(ShareCast News) - National Grid is to sell a 61% stake in its gas distribution business to a consortium of investors for about £3.6bn and then return £4bn to shareholders. The FTSE 100 company has agreed to sell its interest in the gas distribution business, subject to approval from the European Co
Read moreWednesday broker round-up
23rd Nov 2016 14:29
(ShareCast News) - Anglo American: UBS reiterates neutral with a target price of 950p. Lloyds: Macquarie reiterates outperform with a 65p target. Intertek: Barclays stays at equal-weight with a 3700p target. Barclays: HSBC reiterates buy with a 190p target. Homeserve: UBS maintains neutral with a
Read moreLondon close: Blue chips slide, led by gold-exposed miners amid profit-taking
10th Nov 2016 17:01
(ShareCast News) - London blue-chip stocks fell on Thursday as traders took profits stoked by Donald Trump's election win, with gold-exposed miners, pharmaceutical and US rates-sensitive utilities all flopping. The FTSE 100 ended the session down 1.21% to 6,827.98 points, somewhat out of kilter with
Read moreNational Grid earnings fail to spark in first half
10th Nov 2016 07:04
(ShareCast News) - Electricity infrastructure operator National Grid posted its half-year report on Thursday, with adjusted earnings per share of 28.2p, flat compared to the same period last year, and operating profit of £1.9bn, up 1% including favourable timing and the effect of foreign exchange. T
Read moreMonday newspaper round-up: Carney's future, BoE meeting, National Grid
31st Oct 2016 07:03
(ShareCast News) - Mark Carney, governor of the Bank of England, is ready to serve a full eight-year term, facing down Brexiteer critics campaigning for him to resign ahead of time. Mr Carney has told friends that he is likely to make a statement on his future this week to put an end to damaging spe
Read moreInvestec eyes special dividend potential at United Utilities, Pennon
19th Oct 2016 14:37
(ShareCast News) - Eyeing significant undervaluation in the utilities sector, Investec slapped 'buy' recommendations on United Utilities, upgraded from 'sell', and Pennon from 'hold'. Investec said it believed the recent history and potential direction of the sector, from an equity investor standpoi
Read moreNational Grid given permission to raise prices in Massachussetts
3rd Oct 2016 07:14
(ShareCast News) - For the first time since 2010, the US state of Massachussetts has given National Grid the 'green light' to raise its prices for 1.3m electricity distribution customers. The new rate order allows National Grid to make a 9.9% return on equity on a capital structure made up 50.7% by
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