Li Ka-Shing set to launch bid for National Grid gas arm
22nd Sep 2016 13:18
(ShareCast News) - Li Ka-Shing is set to join the fray for a majority stake in National Grid's gas distribution unit which has attracted multiple potential investors from around the globe. The Hong Kong business magnate's Cheung Kong Infrastructure was leading a consortium of bidders which was expec
Read moreSunday newspaper round-up: Fed, China, Glencore, Diageo, National Grid
18th Sep 2016 16:31
(ShareCast News) - Traders are betting that the US Federal Reserve will stand pat on interest rates this week, despite warnings that rising inflationary pressures could persuade the US central bank to hike. The Sunday Times reported that investors were assuming the flurry of weaker-than-expected eco
Read moreSunday newspaper round-up: Fed, China, Glencore, Diageo, National Grid
18th Sep 2016 16:31
(ShareCast News) - Traders are betting that the US Federal Reserve will stand pat on interest rates this week, despite warnings that rising inflationary pressures could persuade the US central bank to hike. The Sunday Times reported that investors were assuming the flurry of weaker-than-expected eco
Read moreFriday broker round-up
9th Sep 2016 13:37
(ShareCast News) - Merlin Entertainments: UBS reiterates buy with a target price of 540p. Fenner: Jefferies maintains buy with a 205p target. Randgold Resources: UBS upgrades to buy with a 9750p target. Lloyds: Berenberg reiterates hold with a 55p target. BAE Systems: Goldman Sachs keeps at buy w
Read moreNational Grid and US regulator plan three-year utility price hike
8th Sep 2016 07:16
(ShareCast News) - Multinational electricity and gas utility National Grid has submitted a revised three-year price and investment plan to the New York US public utilities regulator for its KeySpan gas distribution arms in New York (KEDNY) and Long Island (KEDLI). The proposal would increase revenue
Read moreFTSE 100 movers: Housebuilders lead equities higher
23rd Aug 2016 13:58
(ShareCast News) - The FTSE 100 rose 0.66% to 6,873.69 points in afternoon trade on Tuesday, with housebuilders topping the London index. Persimmon led housebuilders higher after reporting a better-than-expected jump in first half profits. Pre-tax profit rose 29% to £352.3m in the six months to 30 J
Read moreNational Grid disappointed with Ofgem decision on Drax contract
23rd Aug 2016 07:54
(ShareCast News) - Energy regulator Ofgem has rejected a request by National Grid to recover costs it incurred under a Drax contract as it failed to meet the test criteria. National Grid had been looking to recover the costs of two contracts for grid services that it agreed with SSE and Drax worth £
Read moreMonday newspaper round-up: Brexit chaos, Nigeria oil, house prices, ITV-ETO
22nd Aug 2016 07:02
(ShareCast News) - Leaving the EU may not not happen anytime soon given that civil servants charged with the task don't yet have an office and hold meetings in Starbucks. Some estimates suggest "full Brexit" may take 10 years and involve up to 10,000 people, not only in the new and other so-called "
Read moreOfgem proposes £185.4m cuts to National Grid allowances
18th Aug 2016 09:41
(ShareCast News) - Energy regulator Ofgem on Thursday put forward proposals to reduce National Grid's allowances by £185.4m. The regulator, which sets the amount of cash granted to National Grid to maintain and improve electricity and gas distribution networks, opened a mid-period review into the en
Read moreSector movers: UK engineers drop on downgrades, utilities lower as well
16th Aug 2016 17:34
(ShareCast News) - Shares in British engineering groups Spectris and Halma dragged the Electronic & Electrical equipment sector lower after analysts at HSBC downgraded their stance on both in the wake-up of the recent run-up in their stock price. "The sector continued to re-rate through results seas
Read moreWednesday broker round-up
20th Jul 2016 09:29
(ShareCast News) - Centrica: Berenberg reiterates buy with a target price of 230p. Rio Tinto: Deutsche Bank maintains buy with a 3160p target. IG Group: RBC reiterates sector perform with a 865p target. SSP: JP Morgan stays at overweight with a 358p target. Vodafone: Deutsche Bank reiterates buy
Read moreSunday share tips: EasyJet, Randgold, Imperial Brands, AstraZeneca
26th Jun 2016 14:03
(ShareCast News) - Sell EasyJet shares due to the likely turbulence sparked by the Brexit vote, said the Sunday Times' Inside the City column. The budget airline was created by Stelios Haji-Ioannou in the wake of the 1992 European Union Treaty on Open Skies, one of the supposedly rare bits of Brusse
Read moreThursday newspaper round-up: Brexit banks, Brexit views, Brexit traders, National Grid, CMA
23rd Jun 2016 07:19
(ShareCast News) - City banks have reportedly drawn up a list of demands for politicians if the UK leaves the EU today, calling for the slashing of red tape, open borders and a push to underpin the country's status as a financial centre outside the EU. Confidential documents from TheCityUK lobby gro
Read moreMonday newspaper round-up: Sterling, City jobs, Williams & Glyn, CMA
20th Jun 2016 07:06
(ShareCast News) - The British pound was powering ahead in Asian morning trading on Monday as the latest opinion polls on Britain's EU referendum showed the two camps running neck and neck. In previous weeks, the campaign for the UK to vote in favour of leaving the EU at its June 23 referendum had s
Read moreNational Grid should be broken up, says MPs
17th Jun 2016 09:15
(ShareCast News) - The government should split up National Grid to create an American-style independent operator system, according to a committee of MPs. The Energy and Climate Change Committee said the electricity and gas network operator should be split up despite its technical expertise, as it fa
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