Company
LON:NG.
National Grid is an international, London-based company, which provides electricity and natural gas
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Another up week, little changes as we move into the new month where we are pretty much constantly seeing stock draws and the increased call on Opec+ despite the 400/- b/d rise agreed at the recent meeting. WTI rose $1.88 and Brent $1.31 des
Technologies include pumped hydro storage, compressed air energy storage and the conversion of power to hydrogen
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Continued confidence on the oil price front as news from the Opec+ meeting which was one of the fastest on record starts to filter through. They expect world wide stocks to continue to fall as the draw on Opec increases given another fall i
“Our confidence in the group's prospects is reflected in the ambitious five-year outlook for capital investment, asset growth and earnings, which we are announcing today”
Analysts at Berenberg said the company's investments are “essential to enable changes in the energy mix as well as in the wider economy”
The utility announced yesterday it would acquire the UK electricity distributor from PPL for £7.8bn
National Grid intends to sell its majority stake in the UK’s national gas transmission system
RBC said the switch to renewables will benefit transmission firms such as NGG
The utility expects to invest around £10bn of capex through the course of the 5-year price control
Builders and building materials
Costain took a provision of £45mln in its interim results
Analysts at Citigroup noted that there is an expectation that National Grid will be compensated for this loss of RAB and earnings
Elsewhere, Barclays also lifted its target price on National Grid, while Goldman Sachs nudged up its target for energy producer SSE
The changes would still mean bills will come down by £10 per household or by £2.3bn in total said the regulator
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Dishes of the day BrandShield Systems (LON:BRSD), the provider of cybersecurity solutions from brand protection to online threat hunting, announced its admission to trading on AIM following the reverse takeover of Two Shields Investments pl
Investments and investor services
The country's ambitious plan will require huge efforts across the board
The bank said the firm's share price had overreacted to draft price controls form Ofgem in May, however, there remained a risk of new regulation as well as delays to US stimulus packages
Paula Reynolds is replacing Sir Peter Gershon, who is leaving in January
“The proposals also risk disrupting our supply chain, inhibiting our ability to maintain resilient and reliable networks,” the electricity distributor said
The area represents almost 30% of the energy distributor's US rate base
Heat pumps with thermal batteries should replace gas boilers says NG
