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Pin to quick picksNational Grid Share News (NG.)

Share Price Information for National Grid (NG.)

London Stock Exchange
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Share Price: 867.80
Bid: 867.60
Ask: 868.00
Change: 3.80 (0.44%)
Spread: 0.40 (0.046%)
Open: 865.80
High: 872.20
Low: 865.40
Prev. Close: 864.00
NG. Live PriceLast checked at -

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UK's FTSE 100 rises on mining boost; Fed decision awaited

Wed, 14th Jun 2023 17:28

Retail, films drive modest UK economic growth

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Entain to buy Polish betting operator, shares slump

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Vodafone gains after $19 bln deal with CK Hutchison

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Aston Martin gains on Jefferies rating upgrade

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FTSE 100 up 0.1%, FTSE 250 down 0.1%

By Shashwat Chauhan, Khushi Singh

June 14 (Reuters) - UK's FTSE 100 rose on Wednesday as mining stocks extended gains, tracking higher metal prices, while Robert Walters' profit warning weighed on fellow recruitment firms listed on the midcap index. The resource-heavy FTSE 100 rose 0.1%, its third straight session of gains.

Industrial metal miners continued their recent rally, gaining 2.8% as copper prices rose on a softer dollar and expectations of further stimulus to boost growth in top consumer China.

The domestically focused FTSE 250 midcap index edged 0.1% lower as recruitment firms Hays and Pagegroup lost 6.3% and 6.2%, respectively, following Robert Walters' warning that its profit may be significantly lower than market expectations.

Robert Walters shares tanked 13.7%.

Investors awaited the U.S. Federal Reserve's decision on interest rates later in the day, while the European Central Bank will announce its decision on interest rates on Thursday.

"The path that the Fed sees for interest rates in the U.S. is going to set the tone for global markets for the rest of this month," said Giles Coghlan, chief market analyst at HYCM.

Official UK data

showed retailers and the film industry helped Britain's economy inch higher in April, despite contractions in manufacturing and construction, reflecting slow growth rather than recession. A strong labour market report on Tuesday increased the odds for the Bank of England to raise rates once again when it meets next week.

Vodafone gained 0.6% after the mobile operator and CK Hutchison struck a $19 billion deal to merge their British mobile operations.

Gaming company Entain dropped 8.7% on a deal to buy Poland's STS Holdings.

Aston Martin advanced 7.1% after Jefferies upgraded the luxury carmaker's rating to "hold" from "underperform".

Games Workshop Group jumped 5.9% after the miniature wargame maker forecast higher full-year earnings.

British equities have seesawed in a narrow range for the last few sessions on concerns over persistent BoE rate hikes and volatility in commodity prices.

text_section_type="notes" For related prices, Reuters users may click on - * UK stock report FTSE index: techMARK 100 index: FTSE futures: Gilt futures: Smallcap index: FTSE 250 index: FTSE 350 index: Market digest: Top 10 by vol: Top price gainers: Top % gainers: Top price losers: Top % losers:

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3 May 2023 17:24

London stocks gain ahead of Fed rate decision; Lloyds drags

Coca Cola HBC AG rises on upbeat forecast

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28 Apr 2023 17:46

FTSE 100 bounces on energy boost, outpaces European peers in April

FTSE indexes end April higher; outperform STOXX

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25 Apr 2023 12:02

Shell pulls out of large carbon capture project in northern England

LONDON, April 25 (Reuters) - Shell has decided to pull out of the Northern Endurance Partnership, one of Britain's largest carbon capture and storage (CCS) projects aimed at decarbonising industrial clusters.

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23 Apr 2023 15:46

Sunday newspaper round-up: Inflation, National Grid, Rolls Royce

(Sharecast News) - Former Bank of England chief economist, Andy Haldane, believes that it is "pretty much nailed on" that inflation will halve over the next six months as energy price increases slow down. But in remarks to Sky News, Haldane cautioned that hikes in Bank Rate had yet to impact borrowing costs for many borrowers, especially those on fixed-rate mortgages. "The effects of the tightening so far haven't been fully felt. That would give me cause for pause. I'd think, hang on, the economy is still on unsteady legs right now. Much of the tightening that has already happened hasn't hit people's bank accounts. Perhaps now is the time to press the pause button and see what happens." - Guardian

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21 Apr 2023 09:12

LONDON BROKER RATINGS: Deutsche Bank cuts Severn Trent to 'hold'

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

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20 Apr 2023 20:02

TRADING UPDATES: Manolete Partners reports record new case investments

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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20 Apr 2023 09:47

LONDON BROKER RATINGS: Jefferies raises Direct Line; BoA cuts boohoo

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

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19 Apr 2023 09:48

LONDON BROKER RATINGS: Stifel likes Ryanair but not On The Beach

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

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18 Apr 2023 12:23

Britain has enough gas for summer demand, National Gas Transmission says

LONDON, April 18 (Reuters) - Britain will have sufficient gas supply to meet demand from April to September and is expected to sustain flows to Europe, the UK's National Gas Transmission company said on Tuesday.

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18 Apr 2023 10:19

Prices mixed on cooler weather and strong LNG arrivals

LONDON, April 18 (Reuters) - British and Dutch wholesale gas prices were mixed on Tuesday as strong arrivals of liquefied natural gas (LNG) reduced the impact of cooler weather forecast for this week and next.

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18 Apr 2023 09:52

LONDON BROKER RATINGS: UBS raises Antofagasta, Fresnillo to 'neutral'

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

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17 Apr 2023 11:11

JP Morgan stays at 'buy' on National Grid highlighting 'solid' balance sheet

(Sharecast News) - Analysts at J.P.Morgan reiterated their 'overweight' recommendation for shares of National Grid in anticipation of increased investor focus on the company's 'solid' balance sheet.

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17 Apr 2023 09:34

LONDON BROKER RATINGS: RBC raises RS Group; Exane raises Kingspan

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

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14 Apr 2023 12:01

LONDON MARKET MIDDAY: Sterling tops USD1.25 on hope of peak Fed rates

(Alliance News) - Stock prices in London were in the green at midday on Friday, while sterling hit a 10-month-high against the dollar, as investors predict the Federal Reserve's rate rise cycle may soon come to an end.

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14 Apr 2023 11:29

National Grid ends year as expected, warns of UK tax impact

(Sharecast News) - National Grid said in an update on Friday that its performance for the financial year just ended was in line with expectations, with underlying earnings per share growth expected to be in the middle of the 6% to 8% compound annual growth rate (CAGR) range.

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