CORRECT: Deutsche Bank raises British Land to 'buy'
2nd Oct 2024 10:45
(Correcting UBS price target change for Legal & General Group PLC.) Read More
(Correcting UBS price target change for Legal & General Group PLC.) Read More
National Grid PLC - London-based electricity infrastructure operator - Massachusetts Department of Public Utilities issues its rate case order for National Grid's Massachusetts Electric, or Meco, business. The order from the government of the north east US state approves a new five-year plan with new rates that Meco can charge customers from Tuesday. The plan represents a USD79.6 million revenue increase, National Grid says. Enhanced cost recovery mechanisms also will allow Meco to earn close to the allowed return on equity of 9.4% on an equity ratio of 53%, the company says. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: Read More
(Alliance News) - Voters will have to accept new pylons if they want lower energy bills as burying cables underground is too expensive, the prime minister has said. Read More
National Grid PLC - London-based electricity infrastructure operator - Completes sale of final 20% equity stake in National Gas, the operator of the UK's gas transmission network, to a consortium led by Macquarie Asset Management Holdings Pty Ltd, part of Australia's Macquarie Group Ltd. The Macquarie-led investors bought an 80% stake in National Gas in two tranches last year, and the agreement to buy the remaining 20% on the same terms was announced at the end of July this year. The total value of the deal for 100% of National Gas was about GBP3.6 billion. National Grid said the disposal was part of its strategy to pivot towards electricity and followed its 2021 acquisition of Western Power Distribution for GBP7.8 billion. Read More
(Alliance News) - Stock prices in London opened lower on Friday, wiping out almost all of its weekly-gain, despite the mood across the Atlantic being bullish after a the US Federal Reserve's bumper rate cut. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday: Read More
(Alliance News) - National Grid PLC on Friday announced it has reached an agreement with the UK government to bring the Electricity System Operator into public hands. Read More
(Alliance News) - Balfour Beatty PLC on Friday announced it has won a GBP363 million contract with National Grid PLC. Read More
(Alliance News) - London's FTSE 100 is called to open a touch higher, with more strong trade in New York adding some cautious confidence to markets on this side of the Atlantic. Read More
(Alliance News) - Stocks faded into the close on Thursday to end in the red weighed by a drop in index heavyweight AstraZeneca on a day of mixed news for blue-chips. Read More
(Alliance News) - Energy regulator Ofgem has approved a GBP3.4 billion electricity "superhighway" between Scotland and England in the biggest single investment for electricity transmission infrastructure in Britain. Read More
(Alliance News) - Downing Renewables & Infrastructure Trust PLC on Monday said progress has been made regarding its revenue optimisation strategy. Read More
(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced this week and not separately reported by Alliance News: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday: Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Wednesday and Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Macquarie Group Ltd has exercised its option to buy the remaining interest held by National Grid PLC in National Gas, the operator of the UK's gas transmission network. Read More
(Alliance News) - London-listed electricity utilities National Grid PLC and SSE PLC on Thursday gave a mixed response to the UK energy regulator's framework for price controls in the five years from 2026 to 2031. Read More
(Alliance News) - Rio Tinto PLC on Wednesday said Katie Jackson will take charge of the company's copper mines, bringing a wealth of experience across the energy sector. Read More