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Share Price Information for National Grid (NG.)

London Stock Exchange
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Share Price: 894.20
Bid: 892.40
Ask: 892.80
Change: 18.40 (2.10%)
Spread: 0.40 (0.045%)
Open: 878.00
High: 894.20
Low: 877.20
Prev. Close: 875.80
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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18 Apr 2024 17:08

London stocks gain on upbeat corporate earnings

FTSE 100 up 0.4%, FTSE 250 adds 0.6%

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18 Apr 2024 08:59

LONDON MARKET OPEN: Europe up as overlooks New York tech sell-off

(Alliance News) - Stock prices in London opened higher on Thursday, with the FTSE 100 supported by some promising corporate updates.

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18 Apr 2024 08:29

National Grid raises underlying earnings guidance on accounting change

(Alliance News) - National Grid PLC on Thursday raised its guidance for underlying earnings per share, following an accounting change.

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18 Apr 2024 07:39

National Grid raises underlying EPS guidance on accounting change

(Sharecast News) - National Grid has lifted its profit guidance for the year to 31 March after an accounting change due to a tax relief change announced by the government.

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10 Apr 2024 09:28

National Grid files three-year rate plan for New York gas businesses

(Alliance News) - National Grid PLC on Wednesday said it filed a joint proposal with the New York Public Service Commission for a rate settlement.

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27 Mar 2024 16:56

UK equities muted as risk appetite fades after recent gains; DS Smith, Diploma jump

DS Smith surges on deal discussions with International Paper

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19 Mar 2024 09:37

NextEnergy Solar's energy storage asset starts commercial operations

(Alliance News) - NextEnergy Solar Fund Ltd on Tuesday said Camilla, its maiden 50 megawatt energy storage asset in Scotland, has successfully started operations.

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19 Mar 2024 06:44

Extra GBP58 billion funding for GB electricity grid needed — report

(Alliance News) - An additional GBP58 billion will need to be invested in Great Britain's electricity grid in the first half of the next decade to ensure that it can supply the power to keep homes and businesses going, a new report has found.

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27 Feb 2024 12:23

IN BRIEF: Weir appoints National Grid finance chief as a director

Weir Group PLC - London-based speciality chemicals and sustainable technology firm - Appoints National Grid PLC Chief Financial Officer Andy Agg as an independent non-executive director, effective immediately. Says he brings "significant" financial experience to the Weir board in light of his role as National Grid CFO. Also announces that Independent Non-Executive Director Srinivasan Venkatakrishnan will step down, effective from March 31, to pursue other opportunities. Weir Chair Barbara Jeremiah says: "Andy has built a long and successful career as a finance leader, and he brings to the board both his financial and commercial acumen, experience in leading significant transformation programmes and significant transactional experience. We look forward to working with Andy as we drive forward our strategic objectives for Weir."

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22 Feb 2024 09:49

LONDON BROKER RATINGS: Berenberg raises Moneysupermarket.com to 'buy'

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

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5 Feb 2024 07:42

LONDON BRIEFING: Stocks expected to start week up slightly amid PMIs

(Alliance News) - Stocks in London are set to open slightly higher on Monday, ahead of a slew of purchasing managers' index readings.

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1 Feb 2024 11:08

Gresham House Energy favours buyback over payout; commissioning slow

(Alliance News) - Gresham House Energy Storage Fund PLC on Thursday said it decided against declaring a dividend for the fourth quarter of 2023 as it continued to be hurt by a weak revenue environment.

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1 Feb 2024 09:03

LONDON BROKER RATINGS: Barclays cuts Next; JPMorgan raises easyJet

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

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26 Jan 2024 23:06

Equinor, Orsted bid for better contract in NY offshore wind auction

Jan 26 (Reuters) - New York State said on Friday it received bids to supply power from three offshore wind projects in its expedited fourth solicitation that allowed developers to exit old contracts and re-offer projects at higher prices.

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26 Jan 2024 18:34

Equinor and Orsted among bidders in NY offshore wind auction

Jan 26 (Reuters) - New York state said on Friday it received bids to supply power from three offshore wind projects in its expedited fourth solicitation that allowed developers to exit old contracts and re-offer projects at higher prices.

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