|Bid||57.97 x 800|
|Ask||57.99 x 1000|
|Day's range||57.81 - 58.50|
|52-week range||46.36 - 59.50|
|Beta (3Y monthly)||0.09|
|PE ratio (TTM)||9.03|
|Forward dividend & yield||3.09 (5.43%)|
|1y target est||69.72|
* U.S. futures flat with focus on tariff deadline, Fed Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Who will win tomorrow's UK election?
* U.S. futures flat with focus on tariff deadline, Fed Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Granted, there's currently a little feeling of unease creeping inside the UK midcap space while we wait for the polls to open on Thursday. Another asset telling us that the consensus is discarding a hung parliament is gold.
* U.S. futures flat with focus on tariff deadline, Fed Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. It's bloodbath in the FTSE midcap index mainly led by stocks exposed to the domestic economy and all thanks to yesterday's opinion polls which planted worries of a hung parliament among investors. The recent rally in housebuilders, domestic retailers and banks are all reversing a bit today with sterling, raising concerns that if Conservatives fall short of a majority tomorrow, this could unravel a fresh downside for those sectors and pound.
* U.S. stock index futures lower Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. UK HUNG PARLIAMENT – WHAT IF? The latest YouGov poll showing that the UK election race has tightened markedly has raised the spectre of a hung parliament - a scenario that many believe is the worst one because it would drag out even further that Brexit uncertainty that has already caused a massive outflow from UK equities.
* U.S. stock index futures lower Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Global growth will edge up in 2020 giving some relief to investors and pushing away recession risks: This is the outlook for next year from BlackRock. "Even though it's not a massive growth that is pencilled in, it is very important for markets because it will take away concerns about a recession being around the corner," Elga Bartsch, head of macro research at BlackRock Investment Institute, told reporters.
Today we are going to look at National Grid plc (LON:NG.) to see whether it might be an attractive investment...
National Grid (LON:NG.) is an electricity and gas utility company focused on transmission and distribution activities in electricity and gas in both the United8230;
London's FTSE 100 retreated from a near four-month high on Thursday, weighed down by stocks trading ex-dividend and as U.S. ratification of legislation on Hong Kong raised concerns that progress in trade talks with China may be undone. The blue-chip index fell 0.2% after four straight days of gains, with Vodafone giving up nearly 4% and utility National Grid shedding almost 3% as they traded without entitlement to a dividend pay-out.
National Grid, which will invest most of that money in new energy conservation and clean energy projects, said in a statement it will immediately lift the moratorium on signing up new gas customers for about two years. National Grid, which owns and operates electricity transmission networks in the United Kingdom, also supplies power and gas to customers in New York and New England in the United States, including about 1.8 million gas customers in New York City and Long Island.
(Bloomberg) -- National Grid Plc agreed to immediately lift its ban on new natural gas hookups in New York state, backing down in its extraordinary standoff with Governor Andrew Cuomo.After a months-long feud, the company says it’s now found ways to serve all its customers in Brooklyn, Queens and on Long Island for the next two years, according to a statement Monday. London-based National Grid will also pay $36 million in penalties, energy efficiency measures and clean-energy projects.Cuomo called it a “victory” for utility customers. “We will not allow any business - big or small - to extort New Yorkers in order to advance its own interests,” he said in a statement.The deal ends an unprecedented showdown that stalled thousands of construction projects in one of New York’s most populous regions as the utility refused to install gas hookups. It laid bare how fraught America’s relationship with gas has grown as states push to move away from heating oil but are leery of building infrastructure that could prolong dependence on fossil fuel.National Grid rose 1.1% in London.“I’m not that surprised that there’s a resolution,” Paul Patterson, an analyst at Glenrock Associates LLC, said in an interview. “It will make people feel a lot better, but in the long term we still have to see what the solutions are.”The fight started in May after New York rejected a $1 billion pipeline expansion, which the company said was crucial to meet rising gas demand. Days later, National Grid announced it wouldn’t process any new applications for gas service until the pipeline was approved. After months of sparring, Cuomo threatened to revoke National Grid’s license if it didn’t fix the shortage by Nov. 26.New York has rich deposits of gas. But in addition to blocking the pipeline, the state has outlawed fracking, making it difficult to produce gas locally. Such moves have crimped supply in the region, analysts say. Clean-energy advocates counter that there’s already enough gas wasted in inefficient boilers, stoves and elsewhere to accommodate new demand without new pipelines.As part of its agreement with the state, National Grid agreed to develop a long-term plan to meet gas demand in the state by June. Regulators will appoint an independent monitor to oversee National Grid’s cooperation with the agreement.Read More: New York Feud Over Gas Hurtles Toward a Utility’s ExpulsionIn a statement, National Grid’s interim U.S. President Badar Khan said the company regrets that it didn’t provide more notice or explanation to the company’s customers about the moratorium.“We appreciate the opportunity to work with the Governor’s office and the Department of Public Service to address these challenging issues,” he said.(Adds analyst comment in sixth paragraph)To contact the reporter on this story: Gerson Freitas Jr. in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Lynn Doan at email@example.com, Joe Ryan, Christopher MartinFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
National Grid Plc on Monday agreed to pay $36 million in response to an ultimatum from New York Governor Andrew Cuomo and compensate natural gas customers in New York City and Long Island that were adversely impacted by a moratorium. National Grid, which will invest most of that money in new energy conservation and clean energy projects, said in a statement it will immediately lift the moratorium on signing up new gas customers for about two years.
British power firm SSE has created a Swiss holding company for its electricity distribution and transmission businesses, it said on Monday, in a move seen as a safeguard against nationalisation plans should the Labour Party win next month's general election. The deal involves the transfer of shares to the new holding company, it said. "This is intended to support long-term investment in low carbon infrastructure in SSE's core businesses - there are no profit or tax advantages and it is fully consistent with SSE's commitment to fair tax," the company said in an emailed statement.
UK shares fell on Thursday on concerns about U.S.-China relations and the opposition Labour Party's election manifesto plans to raise taxes on companies and renationalise infrastructure groups. The FTSE 250 dipped 0.5%, hit by a 14.2% fall in Royal Mail after it said its turnaround plan has fallen behind schedule.
The New York Governor has threatened to revoke the National Grid’s license in two weeks if the company can’t convince authorities that it was right to stop connecting new users
National Grid said on Thursday it was confident it would be able to address concerns over gas supplies raised this week by governor of New York who warned he could revoke the British firm's licence to operate in southern parts of the state. The utility, which runs Britain's energy system and operates a gas franchise in New York City and Long Island, also said it expected to avoid being fined by Britain's energy regulator over widespread outages in August. Earlier this week, New York Governor Andrew Cuomo threatened to strip National Grid of its licence to supply gas in the city and Long Island, saying that it had failed to provide "adequate and reliable service".
The governor, in a statement, cited National Grid's imposition of a moratorium on new customers, failure to address supply issues and the neglect of the needs of customers. In May, National Grid announced a moratorium on new gas customers in New York City and Long Island after New York regulators rejected a pipeline that Williams Cos Inc wants to build that will provide gas to National Grid's downstate customers.
National Grid Plc will truck liquefied natural gas (LNG) and compressed natural gas (CNG) to New York and New England to ensure customers have enough gas to heat homes and businesses on the coldest days this winter. The Rhode Island Energy Facility Siting Board last week approved National Grid's plan to install a temporary LNG vaporization facility in Portsmouth, Rhode Island to provide gas when needed to Aquidneck Island. In January, almost 7,500 customers on Aquidneck Island lost gas supplies during a brutal freeze.
National Grid (LON:NG.) is a large cap electricity and gas utility company focused on transmission and distribution activities in electricity and gas in both t8230;
National Grid today announced that it has agreed with Dean Seavers, U.S. Executive Director, that for personal reasons, he will step down with immediate effect from his position as a member of the Board and as President of the U.S. business. Badar Khan, currently Group Director of Corporate Development and National Grid Ventures and a member of the Group Executive Committee, will take over immediately as interim President of the U.S. business, pending the appointment of a permanent successor to Dean.
Three energy firms announced plans on Tuesday to develop the world's first net zero emissions industrial zone in the north east of England by 2040, a move they said could help Britain meet its climate targets. Britain earlier this year set a target to reach net zero emissions by 2050. Under the scheme, power firm Drax, oil company Equinor and power gird operator National Grid plan to cut emissions at several industrial sites around the Humber estuary, using technology to capture, store and use carbon dioxide emissions and by using hydrogen as an emission free fuel for heating and transport.