National Grid buys Western Power for £7.8bn
18th Mar 2021 07:31
(Sharecast News) - National Grid has agreed to buy Western Power Distribution (WPD) from PPL Corp of the US for £7.8bn and to sell Narragansett Electric (Neco) to PPL for $3.8bn (£2.7bn) to shift its business towards electricity.
Read moreOfgem cuts returns from local electricity networks
11th Mar 2021 09:13
(Sharecast News) - Ofgem has cut returns for shareholders of UK local electricity networks by a third to keep prices low while requiring higher investment in greener energy.
Read moreWednesday broker round-up
10th Mar 2021 13:21
(Sharecast News) - Ultra Electronics: JP Morgan upgrades to overweight with a target price of 2,350p.
Read moreNational Grid broadly backs Ofgem pricing proposals, plans £10bn investment
2nd Mar 2021 08:18
(Sharecast News) - National Grid has accepted most of Ofgem's price control proposals but will appeal on one aspect, the energy firm said on Tuesday.
Read moreWednesday broker round-up
3rd Feb 2021 13:05
(Sharecast News) - Unite Group: Barclays downgrades to underweight with a target price of 850p.
Read moreWednesday broker round-up
9th Dec 2020 13:46
(Sharecast News) - National Grid: Citigroup upgrades to buy with a target price of 970p.
Read moreCiti upgrades National Grid to 'buy' pointing to small premium versus RAB
9th Dec 2020 12:07
(Sharecast News) - Analysts at Citi upgraded their recommendation for shares of National Grid to 'buy', pointing to the significant valuation discount versus peers.
Read moreOfgem reduces cuts to returns for networks, green lights £40bn funding
8th Dec 2020 11:57
(Sharecast News) - Ofgem is halving the returns the UK's energy utilities are allowed to make, the regulator confirmed on Tuesday, though the cut is less than initially proposed.
Read moreOfgem calls for increase in price cap, opens consultation
20th Nov 2020 10:53
(Sharecast News) - Ofgem is considering upping the price cap after the Covid-19 pandemic prompted a rise in bad debts, hitting the finances of energy suppliers.
Read moreUnderlying profits slide in first half at National Grid
12th Nov 2020 07:37
(Sharecast News) - National Grid reported a 12% fall in its first half underlying operating profit on Thursday, to £1.1bn, while its underlying earnings per share slid 14% to 17.2p.
Read moreCredit Suisse likes Renewables and Mining
21st Oct 2020 15:34
(Sharecast News) - Credit Suisse's strategy team set out the top ten investment opportunities that it spied in the global equity space.
Read moreUK's lowest income homes to get help with winter fuel bills
19th Oct 2020 10:25
(Sharecast News) - The UK's poorest households, who are unable to afford paying for their winter fuel bills, will get help from their suppliers under new rules from Ofgem.
Read moreSharp drop in US income as enhanced jobless benefits run out
1st Oct 2020 12:36
(Sharecast News) - Personal incomes fell more sharply than expected last month as enhanced unemployment benefits ran their course.
Read moreIEA: Governments need carbon storage tech to meet energy goals
24th Sep 2020 10:02
(Sharecast News) - The International Energy Agency said that without carbon capture, utilisation and storage programs it will be impossible for governments and large companies to meet targets for the reduction of greenhouse gases.
Read moreNational Grid appoints Paula Reynolds as next chair
10th Sep 2020 11:09
(Sharecast News) - National Grid has recruited Paula Reynolds to replace Sir Peter Gershon to chair the power network operator's board.
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