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Pin to quick picksNational Grid Share News (NG.)

Share Price Information for National Grid (NG.)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 882.00
Bid: 884.80
Ask: 885.00
Change: 9.20 (1.05%)
Spread: 0.20 (0.023%)
Open: 870.20
High: 886.20
Low: 869.20
Prev. Close: 872.80
NG. Live PriceLast checked at -

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FTSE 100 closes above 8,000 on positive Centrica, StanChart earnings

Thu, 16th Feb 2023 17:31

Centrica, StanChart jump on upbeat earnings

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Vodafone up on report exploring options for African Unit

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FTSE 100 up 0.2%, FTSE 250 flat

Feb 16 (Reuters) - Britain's internationally-focussed FTSE 100 on Thursday closed above 8,000 points for the first time as upbeat earnings from Centrica and Standard Chartered countered global risk-off sentiment after hotter-than-expected U.S. inflation data.

The blue-chip FTSE 100 gained 0.2%, off an intra-day record high hit earlier in the day, but still at its highest ever closing level of 8,012.53 points.

The exporter-heavy index has had a stellar start to the year, gaining 7.5% so far as positive corporate earnings and rising commodity prices supported the index.

Data showed U.S. producer prices rose more than expected in January while jobless claims unexpectedly fell, fanning speculation the U.S. Federal Reserve would keep raising interest rates for longer than expected.

"The fact that it (inflation) hasn't weakened has given the market bit of a reason to pause," said Chris Beauchamp, chief market analyst at IG Group.

"Having rallied so much, the index does need a lot of good news to drive it higher from here. But we might be at risk of running out of that in the short term."

The domestically-focussed FTSE 250 midcaps closed flat.

Shares of Centrica jumped to top the FTSE 100, adding 5.7%, after the British Gas owner's annual profit more than tripled and it announced an extension of its share buyback programme.

Standard Chartered rose 4.1% after the lender reported a 28% rise in annual pretax profit and unveiled a $1 billion share buyback.

Meanwhile, investors will have an eye out for Bank of England Chief Economist Huw Pill's speech on the UK economy later in the day.

Among individual stocks, pharmaceutical company Indivior tumbled 13.6% after reporting its full-year results, tanking to the bottom of FTSE 250.

Shares of Vodafone rose 2.3% on a report the telecom company is exploring options for its African unit Vodacom. Gains in the stock lifted the telecommunications sector up 2.3%. (Reporting by Shashwat Chauhan and Shristi Achar A in Bengaluru; Editing by Sherry Jacob-Phillips and Mark Potter)

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13 Jun 2024 17:12

London stocks lose steam after Fed's rate cut outlook; Halma jumps

FTSE 100 down 0.6%, FTSE 250 off 1.5%

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12 Jun 2024 18:30

IN BRIEF: National Grid says buyers secured for rights issue rump

National Grid PLC - London-based electricity and gas utility company - Says buyers have been found for remaining 97.7 million shares under the GBP7.00 billion rights issue for which valid acceptances were not received at a price of 835 pence per share. Notes this equates to around 9% of the shares issued under the rights issue. Earlier Wednesday, National Grid said it received acceptances from shareholders for 987.4 million new shares, 91% of the total on offer in the 7-for-24 rights issue. The rights issue price was 645p per share, meaning the acceptances are worth GBP6.39 billion.

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12 Jun 2024 09:15

LONDON BROKER RATINGS: Goldman Sachs raises National Grid to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday:

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12 Jun 2024 08:47

TOP NEWS: National Grid gets 90% acceptances for GBP7 billion raise

(Alliance News) - National Grid PLC on Wednesday said it received acceptances for more than 90% of the new shares on offer as part of its GBP7.00 billion rights issue.

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12 Jun 2024 07:49

LONDON BRIEFING: Stocks called up; UK economy comes to halt in April

(Alliance News) - Stocks in London are called to open higher on Wednesday, as investors shake off news that the UK economy stalled in April.

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6 Jun 2024 17:02

London stocks close higher on miners boost; ECB cuts rates

FTSE 100 up 0.5%, FTSE 250 adds 0.2%

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3 Jun 2024 09:23

LONDON BROKER RATINGS: Berenberg raises Ricardo; Goldman cuts LandSec

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

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3 Jun 2024 07:54

Citi upgrades National Grid, cites attractive risk/reward

(Sharecast News) - Citi upgraded National Grid on Monday to 'buy' from 'neutral' and lifted the price target to 985p from 920p as it cited an attractive risk/reward.

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31 May 2024 17:24

London stocks end higher for third month

FTSE 100 up 0.5%, FTSE 250 gains 0.3%

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31 May 2024 16:57

LONDON MARKET CLOSE: FTSE 100 rounds off decent May with gain

(Alliance News) - Equities in Europe ended higher on Friday, though stocks in New York were weaker, despite a key US inflation gauge landing in line with expectations.

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31 May 2024 10:34

Jefferies reiterates 'buy' on National Grid, trims price target

(Sharecast News) - Jefferies trimmed its price target on National Grid on Friday as it reiterated its 'buy' rating on the energy infrastructure firm.

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31 May 2024 09:15

LONDON BROKER RATINGS: RBC raises Centrica; Citigroup says buy BHP

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

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30 May 2024 17:24

London stocks recover as yields retreat; Auto Trader hits record high

FTSE 100 up 0.6%; FTSE 250 climbs 1.2%

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30 May 2024 13:35

Britain's creaking power grid leaves green energy revolution adrift

PORTSMOUTH, England, May 30 (Reuters) - British ferry operator Wightlink wants to order a $60 million, state-of-the-art electric ferry to make its crossings cleaner and greener. But it can't commission the vessel until it gets a power upgrade.

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30 May 2024 13:14

Britain's creaking power grid leaves green energy revolution adrift

PORTSMOUTH, England, May 30 (Reuters) - British ferry operator Wightlink wants to order a $60 million, state-of-the-art electric ferry to make its crossings cleaner and greener. But it can't commission the vessel until it gets a power upgrade.

Read more

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