National Grid downgraded after six months share price surge
“National Grid has an SEC yield of 7.4%, broadly in line with our estimate of its cost of equity."
Company
National Grid PLC
LON:NG.
National Grid is an international, London-based company, which provides electricity and natural gas
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FTSE 100 closes below 7,400 after another triple-digit drop as Chinese lockdown hits commodity prices
US stocks were also weak in the New York morning session weighed down by worries over the pace of Federal Reserve interest rate hikes and ahead of some key corporate tech earnings this week
National Grid gets lift from inflation; raises guidance
National Grid now expects better-than-expected underlying operating profit in its UK Electricity Transmission and Electricity Distribution thanks to inflation
National Grid sells UK gas network stake to Aussie-led consortium
The deal, which values the unit, NGG, at about £9.6bn, comes as part of National Grid’s strategic shift towards electricity and the delivery of net zero greenhouse gas targets
UK government considering making it harder for locals to prevent construction of new nuclear power plants
Ministers are reportedly mulling the introduction of a new “net-zero duty” that would force environmental regulators to factor in the government’s desire to increase UK energy production
National Grid and Octopus Energy launch trial that pays households to cut peak time electricity use
The aim is to determine if reducing peak time home energy demand can improve the balance of supply and demand on the grid
Power company positives clouded by rising interest rates and political risk, says RBC
National Grid shares were downgraded by RBC but analysts upped their share price targets for Drax and SSE
National Grid made to pay after two-year delay to renewable energy power cable
Such innovative projects are vital, said regulator Ofgem, but they “must be delivered on time and to the standards agreed”
National Grid upgrades profit forecast as Norway link boosts outlook
The power network operator said it now expects underlying EPS for the current fiscal year to be “significantly above” the top end of its 5%-7% forecast range
National Grid says trading in line despite UK power crisis
Net finance costs are expected to be weighted more towards the second half due to non-treasury interest benefits in the first half
National Grid says energy supply can meet UK demand this winter
British wholesale gas prices continue rocketing and more suppliers are expected to stop trading
Failed energy suppliers will squeeze margins of survivors, says Moody’s
More companies are expected to stop trading as the cold winter months near
Gas crisis: Boris Johnson to pledge all UK electricity will come from renewable sources by 2035
The prime minister will propose this as a solution to the country’s reliance on gas and fossil fuels in light of the recent price surges
National Grid says new UK-Norway power cable ensures "secure" power supply
At full capacity, the cable will generate 1,400MW, providing enough clean electricity to power 1.4mln homes in the UK
Fire at France-UK power link heaps pressure on electricity supplies
Some 1,000 megawatts will be unavailable until 13 October on top of an already planned outage
How gas pricing affects UK businesses and consumers: an explainer
Energy prices in the UK are soaring and the market is bracing for a tough winter
National Grid cleared for £7.8bn distributor purchase
The CMA said it had decided not to refer the merger to a phase 2 investigation.
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Costain and Grafton to give Wednesday's agenda an "under construction" feel
As well as interims from Costain and Grafton, Wednesday should see full-year results from Clipper Logistics
Wood Group, Costain, CRH and Jackson Hole marked in the diary for coming week
Other reports expected in the week ahead include from BATM Advanced Communications, Clipper Logistics, Grafton Group and Hunting
National Grid gives mixed response to provisional network price controls framework
National Grid will now review the detailed documents to determine the CMA's rationale for this provisional determination