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Share Price Information for National Grid (NG.)

London Stock Exchange
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Share Price: 883.00
Bid: 882.80
Ask: 883.20
Change: 7.20 (0.82%)
Spread: 0.40 (0.045%)
Open: 878.00
High: 889.40
Low: 877.20
Prev. Close: 875.80
NG. Live PriceLast checked at -

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Cyclical stocks lift UK equities off six-week lows; Wood Group rises

Tue, 22nd Aug 2023 17:13

Blue-chip FTSE 100 snaps seven-day losing streak

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Wood Group raises annual profit outlook, shares rise

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Precious metal miners lead gains

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FTSE 100 up 0.2%, FTSE 250 adds 0.7%

Aug 22 (Reuters) - Britain's blue-chip FTSE 100 index climbed off six-week lows on Tuesday, powered by gains in beaten-down cyclical sectors, while shares of John Wood Group advanced after the company raised its annual profit outlook.

The FTSE 100 was up 0.2% while the midcap FTSE 250 index gained 0.7%. Both indexes snapped seven-day losing streaks.

Precious metal miners jumped 2.8%, marking their best day since May 31, as the sector led gains.

Construction and materials, automobiles and parts and travel and leisure indexes also gained between 0.7% to 1.5% in the rally of cyclical sectors.

John Wood Group climbed 4.1% after the oilfield services and engineering firm raised its expectations for annual adjusted core profit.

"It is a relatively light data calendar this week, meaning that there are fewer risks to any rally for a few days, certainly until Friday when (U.S. Federal Reserve Chair Jerome) Powell is scheduled to speak at Jackson Hole," said Stuart Cole, chief macro economist at Equiti Capital.

"The market may simply be taking advantage of these calmer waters."

Meanwhile, shares of the defensive personal care and retail sectors slipped 0.4% and 0.8%, respectively, indicating investors' risk-on mood.

Industrial metal miners rose 1.8% as copper prices were buoyed by firm consumption data in China and more Chinese monetary support measures.

Investor focus will now shift to the Jackson Hole Symposium due later in the week, where major central bankers, including Powell, will share their views on the trajectory of global monetary policy.

Data on Tuesday showed sales growth at British supermarkets slowed in August due to a hit to demand from unseasonably wet weather. Shares of both Marks and Spencer and Sainsbury fell over 0.8%.

Britain's largest sportswear retailer JD Sports Fashion led declines on the FTSE 100 as the stock slumped 6.9% after a weak forecast from U.S. peer Dick's Sporting Goods' . (Reporting by Shreyashi Sanyal and Khushi Singh in Bengaluru; Editing by Eileen Soreng and Mark Potter)

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19 Jul 2023 07:03

National Grid sells further 20% of National Gas unit to Macquarie-led consortium

(Sharecast News) - National Grid has sold a further 20% of its UK National Gas transmission and metering business to the existing majority owners, a consortium of investors led by Macquarie Asset Management, for around £700m.

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17 Jul 2023 09:20

LONDON BROKER RATINGS: JPMorgan cuts Spectris; Berenberg likes Victrex

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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17 Jul 2023 07:43

LONDON BRIEFING: Entain buys Angstrom Sports; offer for Gresham House

(Alliance News) - Stocks in London are called lower on Monday, after the latest data from China pointed to a slowing economic recovery.

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6 Jul 2023 10:41

IN BRIEF: Gore Street Milton Keynes asset scheduled for energisation

Gore Street Energy Storage Fund PLC - London-based international investment fund - Says 80 megawatt Stony asset in Milton Keynes, England is scheduled for energisation with the National Grid on July 31. Says process is expected to take up to two weeks to complete. Once operational, the asset will bring Gore Street's total operational portfolio to 372MW. Adds its assets in the UK generated an average revenue of GBP7.62 per megawatt per hour in the first half of 2023.

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4 Jul 2023 17:28

UK's National Grid and SSEN in JV for 2 GW electricity transmission project

LONDON, July 4 (Reuters) - Scottish and Southern Energy Networks (SSEN) said on Tuesday it had signed a joint venture agreement with Britain's National Grid Electricity Transmission (NGET) to build a 2 gigawatt (GW) subsea cable linking northern Scotland to England.

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4 Jul 2023 17:18

UK's FTSE 100 inches lower as industrials dip; healthcare stocks rebound

Airlines rise after strong numbers from giant Ryanair

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3 Jul 2023 15:49

UK shareholder meetings calendar - next 7 days

Tuesday 4 July 
Airtel Africa PLCAGM
JPMorgan Multi-Asset Growth & Income PLCAGM
Marks & Spencer Group PLCAGM
Strix Group PLCAGM
Versarien PLCGM re capital raise
Wednesday 5 July 
AdvancedAdvT LtdAGM
Bonhill Group PLCAGM
Burford Capital LtdAGM
Capital Gearing Trust PLCAGM
Clarify Pharma PLCAGM
Eneraqua Technologies PLCAGM
i(x) Net Zero PLCAGM
Thursday 6 July 
3i Group PLCAGM
3i Infrastructure PLCAGM
Great Portland Estates PLCAGM
J Sainsbury PLCAGM
Katoro Gold PLCAGM
Land Securities Group PLCAGM
Mining, Minerals & Metals PLCAGM
Peel Hunt LtdAGM
Severn Trent PLCAGM
Workspace Group PLCAGM
Young & Co's Brewery PLCAGM
Friday 7 July 
Griffin Mining LtdAGM
GRIT Investment Trust PLCAGM
Liontrust Asset Management PLCGM re takeover by GAM Holding AG and share cancellation
Nanoco Group PLCGM re cancellation of Share Premium Account
Monday 10 July 
Altona Rare Earths PLCGM re admission to LSE
Financials Acquisition CorpGM re extension of business combination deadline
More Acquisitions PLCAGM
N Brown Group PLCAGM
National Grid PLCAGM
Sirius Real Estate LtdAGM
TruFin PLCGM re open offer shares
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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28 Jun 2023 12:30

British coal plants to be unavailable for back up power this winter - National Grid

LONDON, June 28 (Reuters) - Two British coal plant operators, whose plants were available last winter, have confirmed they will be unable to provide back-up power for winter 2023/24, National Grid said on Wednesday.

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27 Jun 2023 16:55

London stocks rise on China recovery hopes; energy shares fall

China's Premier Li says will take steps to boost demand

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26 Jun 2023 17:33

Britain's National Grid hires former Shell M&A boss

LONDON, June 26 (Reuters) - Britain's National Grid said on Monday it had hired Shell's former head of merger and acquisitions Katie Jackson to run its low-carbon and renewables ventures business.

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23 Jun 2023 09:28

LONDON BROKER RATINGS: Shore likes BAE but not keen on Avon Protection

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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22 Jun 2023 17:08

London stocks fall as BoE delivers bigger-than-expected rate hike

BoE hikes rates by 50 bps to 5%

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21 Jun 2023 17:18

London stocks fall after inflation data shock, homebuilders slump

UK's stubborn inflation fails to fall in May

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19 Jun 2023 09:10

LONDON BROKER RATINGS: Redburn likes Entain; HSBC lifts FirstGroup

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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15 Jun 2023 11:34

UK’s Drax says not in negotiations to restart coal units this winter

LONDON, June 15 (Reuters) - British power generator Drax said on Thursday it is not in negotiations with the National Grid to restart its coal-fired power units to be available as back up electricity generation this winter.

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