Investments and investor services
FTSE 100 calls Mayday but manages to end the day safely in positive territory
Poor manufacturing stats raise worries over the British economy, the PMI measure for April was the lowest for 17-months..
Company
National Grid PLC
LON:NG.
National Grid is an international, London-based company, which provides electricity and natural gas
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National Grid sees stormy US weather cloud earnings forecasts
The FTSE 100-listed utilities provider said the costs, totalling £140mln, are expected to be recovered by its US businesses in future periods
Deutsche Bank plays favourites in utilities as Pennon Group upgraded while target prices cut across the board
In a note to clients, the bank said the sector has lost a quarter of its value over the last year as it was hit by regulatory and competitive pressures as well as concerns over political risk
Investments and investor services
FTSE 100 closes higher as traders await US interest rate decision
The Footsie has been in consolidation mode for most of the day
Proactive Oil Highlights: Chariot Oil & Gas, Eco (Atlantic), Solo Oil, Mosman Oil & Gas ...
This week saw a UK gas shortage, new discoveries, and share placings
J. Murphy & Son's buys Carillion's UK power framework business
Carillion went into liquidation last month after failing to secure a rescue deal in talks with lenders and the government
FTSE 100 clocks up 50 point gain despite strength of sterling
The dollar's revival did not last long, and although a weak dollar is regarded as being detrimental to the FTSE, the top-shares index still managed a 50 point gain
Investments and investor services
FTSE 100 closes higher; Next keeps festive cheer rolling
On a separate note, Mifid II comes into force today with the aim of increasing transparency and making everyone in the investment chain more accountable for their decisions
FTSE 100 closes down, dragged lower by Centrica PLC after dismal trading update
Market was subdued as US markets were closed for Thanksgiving
Archive
Trading news from British Gas owner Centrica eyed amid energy tariff reform
The day ahead includes a trading update from British Gas owner Centrica, full year result from pubs operators Mitchells & Butlers PLC, and interims from Mothercare PLC
National Grid operations unit to become separate unit
National Grid gets to keep its systems operator unit but will be expected not to interfere in the way it is run
National Grid nudges higher as HSBC upgrades to ‘buy’ on “regulatory stay of execution”
Analysts at the bank think the next electricity transmission price control, due to start in 2021, will be pushed back for another two years
Ofgem warns gas and electricity network owners to expect lower prices in future
The pricing system has to be more flexible said the energy regulator in a consultation paper
Election uncertainty among factors leading Macquarie to downgrade British gas owner Centrica to 'hold'
Macquarie also cut its target price for Centrica to 220p and downgraded its 2017 earnings per share estimate by 17%, taking it to 9% below consensus
National Grid investors to share £4bn after sale of a 61% stake in its UK gas distribution arm
National Grid will receive a payment of £3.6bn in cash from the consortium buying the asset and will own a 39% minority equity interest in a new holding company
CUI Global upbeat on outlook for 2017
“Cumulatively, our efforts are generating momentum that puts us on a path to greater gas technology sales in 2017”
AstraZeneca a highlight for a busy City schedule for Thursday
AstraZeneca, Vedanta, Halfords, and SuperGroup were among those in Thursday's diary.
Week Ahead: US election takes centre stage
Aside from the election, several UK retailers have results due next week
CUI Global's UK subsidiary signs agreement with National Grid
The framework agreement lasts for five years and could be worth in excess of £30mln