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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: 882.60
Bid: 884.60
Ask: 885.00
Change: 3.20 (0.36%)
Spread: 0.40 (0.045%)
Open: 885.00
High: 891.20
Low: 881.00
Prev. Close: 879.40
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 Dec 2022 08:52

STOXX awaits U.S. inflation data

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13 Dec 2022 07:45

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12 Dec 2022 12:55

UK's National Grid cancels standby notices for two coal units despite cold snap

LONDON, Dec 12 (Reuters) - Britain's National Grid on Monday cancelled standby notices for two coal units of Drax Group, a few hours after issuing the requests, as a cold snap gripped the country but high nuclear output and wind speeds reduced the chance of energy shortages.

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12 Dec 2022 12:34

UK's National Grid cancels standby notice for two coal units

Dec 12 (Reuters) - Britain's National Grid cancelled standby notices for Drax Group's two coal units on Monday, according to Elexon's website.

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12 Dec 2022 10:19

Coal-fired plants put on standby as cold snap intensifies

(Sharecast News) - National Grid has ordered two coal-fired generators be readied for use after temperatures plunged across the UK.

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12 Dec 2022 09:38

National Grid asks two coal plants to fire up amid big freeze

(Alliance News) - Britain's electricity grid operator has asked two of its coal-fired power stations to start warming up as freezing weather conditions heap pressure on the UK's power network.

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11 Dec 2022 20:35

Sunday newspaper round-up: Power prices, Broadband bills, Brexit protocol

(Sharecast News) - Power prices hit a record high due to a combination of a cold snap and a dearth of wind. Power prices in the UK for a day ahead hit a record £675 per megawatt hour on the Epex Spot Exchange on Sunday as the country was blanketed with snow and temperatures fell below zero. At the peak hours between five and six o'clock power costs surged to £2,586 per megawatt hour. Furthermore, National Grid forecast that power demand would peak at nearly 46,700 megawatts on Monday, versus 43,000 MW on Sunday. Energy supply from wind meanwhile fell to about 5% of the country's demands on Sunday, against an average of 28.5% over 2022. - The Sunday Telegraph

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5 Dec 2022 09:15

National Grid clears all conditions for gas business sale

(Alliance News) - National Grid PLC on Monday said it has satisfied all the conditions for the sale of a 60% equity stake in its UK gas transmission and metering business to a consortium comprised of Macquarie Asset Management, operated by Macquarie Group Ltd, and British Columbia Investment Management Corp.

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5 Dec 2022 07:43

LONDON BRIEFING: Vodafone CEO steps down, CFO takes helm in interim

(Alliance News) - Stocks in London were called flat on Monday, ahead of a busy day for PMI prints.

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30 Nov 2022 10:50

Ofgem calls for more investment in local grids, freezes bills

(Sharecast News) - Ofgem said on Wednesday that the UK's electricity distribution companies must continue to invest in local energy networks without increasing household bills.

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30 Nov 2022 10:27

NextEnergy Solar Fund appoints ex-Renewables chair Helen Mahy as chair

(Alliance News) - NextEnergy Solar Fund Ltd said on Wednesday it appointed former Renewables Infrastructure Group Ltd chair Helen Mahy as their new chair from August 2023.

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30 Nov 2022 09:15

TOP NEWS: UK Ofgem puts focus on clean energy under price control plan

(Alliance News) - The UK's electricity regulator, Ofgem, confirmed a five-year investment package for the electricity distribution network companies on Wednesday to help deliver "cheaper, cleaner, more reliable local grids".

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30 Nov 2022 08:59

LONDON MARKET OPEN: Stocks up; eyes on EU inflation, Fed Chair Powell

(Alliance News) - Share prices in London rose at the open on Wednesday, ahead of a flash inflation reading from the EU and a keenly awaited talk by the head of the US Federal Reserve.

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30 Nov 2022 07:56

LONDON BRIEFING: UK Ofgem confirms five-year price control plan

(Alliance News) - The FTSE 100 was set to open in the green on Wednesday, despite further bad news out of the world's second-largest economy and ahead of a flash inflation reading from the EU.

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28 Nov 2022 18:42

UPDATE: National Grid to not trigger plan to help reduce blackout risk

(Alliance News) - Worries over Britain's power supply on Monday and Tuesday evenings have been allayed as National Grid PLC decided not to trigger an emergency plan to pay households to reduce electricity use and withdrew a warning of tight margins.

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