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Share Price Information for National Grid (NG.)

London Stock Exchange
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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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UK's FTSE 100 at two-week low as surprise US credit rating cut sours mood

Wed, 02nd Aug 2023 17:04

Fitch downgrades U.S. credit rating to AA+

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BAE Systems jumps after raising FY forecast

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Eyes on BoE rate decision on Thursday

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ConvaTec Group shines after FY guidance upgrade

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FTSE 100 falls 1.4%, FTSE 250 sheds 1.3%

Aug 2 (Reuters) - Britain's FTSE 100 fell over 1% on Wednesday as global risk sentiment took a hit after rating agency Fitch cut the United States' credit rating, while BAE Systems' shares jumped after the defence company raised its full-year earnings forecast.

The blue-chip FTSE 100 index dipped 1.4%, touching its lowest level since July 19, while the more domestically-focussed FTSE 250 midcap index shed 1.3%

Fitch on Tuesday downgraded the United States to AA+ from AAA, citing fiscal deterioration over the next three years and repeated down-to-the-wire debt ceiling negotiations that threaten the government's ability to pay its bills.

"There may be some short term noise in financial markets around U.S. government debt but in the mid to long term it doesn't necessarily change things globally," said Richard Flax, the chief investment officer at Moneyfarm, adding other drivers, such as monetary policy will have a bigger impact on markets.

The aerospace and defence sector gained 2.9% touching a record high, as BAE Systems added 6.4% after upgrading its earnings guidance for 2023.

Industrial metal miners slipped 2.6% as prices of most base metals fell on a stronger dollar and concerns over weak manufacturing data from China.

Endeavour Mining tumbled 5.2% after reporting higher net debt. The broader precious metal mining index fell 3.9%.

Financials were the biggest drags on the FTSE 100, with lender HSBC and insurer Prudential Plc, which have exposure to China, down 2.7% and 4.4% respectively.

Markets now awaits the Bank of England's decision on monetary policy on Thursday, with the consensus leaning towards a 25 basis point hike to fight an inflation rate running at more than four times its target.

Among individual stocks, technology firm ConvaTec Group rose 6.3% after raising its full-year guidance.

Taylor Wimpey gained 2.8% after the homebuilder pledged to build more homes than previously forecast. (Reporting by Shashwat Chauhan and Rupali Chaudhary in Bengaluru; Editing by Sonia Cheema and Mark Potter)

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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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15 Jun 2023 11:18

Britain's National Grid expects to meet electricity demand this winter

LONDON, June 15 (Reuters) - Britain's National Grid expects to have enough capacity to meet demand for electricity this winter and will keep exploring additional options amid continued supply risks following Russia's invasion of Ukraine, it said on Thursday.

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