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    NG.   GB00BDR05C01

NATIONAL GRID PLC

(NG.)
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FTSE 100 hits highest close in 20 months; Barclays slides as CEO steps down

11/01/2021 | 04:43am EST

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

* FTSE 100 up 0.8%, FTSE 250 adds 0.6%

* Barclays among worst FTSE performers

* STOXX at record all-time high, FTSE lags peers

Nov 1 (Reuters) - London's FTSE 100 index marked its highest close in 20 months on Monday, aided by gains in most bank stocks and a weaker pound, while shares of British bank Barclays slipped after its chief executive officer stepped down.

Barclays fell 1.1% after it announced the departure of CEO Jes Staley following a dispute with British financial regulators over how he described his ties with convicted sex offender Jeffrey Epstein.

The FTSE 100 index rose 0.8% to record its highest close since February 2020, with banks Standard Chartered and Lloyds Banking Group among the top boosts.

The domestically focussed mid-cap index advanced 0.6%.

Britain's FTSE 100 has this year lagged the pan-European STOXX 600 index, which hit a record high on Monday, as supply chain problems, a fuel crisis and interest rate hike worries weighed on domestic markets.

Investor focus is on the Bank of England (BoE) meeting on Thursday with swaps pricing pointing to a better-than-even chance of the central bank raising interest rates for the first time since the pandemic.

"A few small rises will be absorbed by most firms, and higher rates are even good news for some sectors, like banks. But the BoE needs to be careful, raise too much too quickly and they will cause both an economic and market downturn as consumers and corporates struggle to service debt," said Emma Wall, head of investment analysis at Hargreaves Lansdown.

British business sentiment fell slightly in October after touching its highest since the start of the pandemic, according to a survey by Lloyds Bank. (Reporting by Bansari Mayur Kamdar and Amal S in Bengaluru Editing by Shounak Dasgupta and Mark Potter)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AVIVA PLC -2.16% 430.7 Delayed Quote.5.26%
BARCLAYS PLC -3.07% 199.24 Delayed Quote.6.55%
LLOYDS BANKING GROUP PLC -2.43% 51.69 Delayed Quote.8.26%
NATIONAL GRID PLC -1.15% 1079.6 Delayed Quote.2.26%
STANDARD CHARTERED PLC -0.12% 511.2 Delayed Quote.14.01%
THE SAUDI BRITISH BANK 1.08% 42 End-of-day quote.27.27%
All news about NATIONAL GRID PLC
01/20The New York PSC Cuts National Grid Rate Hike Request
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01/20NATIONAL GRID : State Regulators Approve National Grid's Upstate New York Rate Agreement
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01/19NATIONAL GRID : 'National Grid' or 'the Company') Board Appointment - Form 6-K
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01/19NATIONAL GRID : US Crosses Milestone, Connects 3 GW of Clean Distributed Generation
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01/19Credit Suisse Lifts Price Target on National Grid to GBP12 From GBP11 for 'High Levels'..
MT
01/19National Grid plc Appoints Anne E. Robinson as A Non-Executive Director
CI
01/18NATIONAL GRID : ‘National Grid' or ‘Company') - Form 6-K
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01/18Societe Generale Downgrades National Grid to Hold From Buy
MT
01/18HSBC Boosts National Grid PT, Keeps Buy Rating
MT
01/17Societe Generale Lowers National Grid to Hold From Buy, Boosts PT
MT
More news
Analyst Recommendations on NATIONAL GRID PLC
More recommendations
Financials
Sales 2022 15 860 M 21 497 M 21 497 M
Net income 2022 2 313 M 3 134 M 3 134 M
Net Debt 2022 40 620 M 55 056 M 55 056 M
P/E ratio 2022 15,0x
Yield 2022 4,68%
Capitalization 39 504 M 53 563 M 53 543 M
EV / Sales 2022 5,05x
EV / Sales 2023 4,89x
Nbr of Employees 23 683
Free-Float 93,2%
Chart NATIONAL GRID PLC
Duration : Period :
National Grid plc Technical Analysis Chart | NG. | GB00BDR05C01 | MarketScreener
Technical analysis trends NATIONAL GRID PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 16
Last Close Price 1 083,80 GBX
Average target price 1 083,13 GBX
Spread / Average Target -0,06%
EPS Revisions
Managers and Directors
John Mark Pettigrew Chief Operating Officer-UK Gas Distribution
Andrew Jonathan Agg Chief Financial Officer & Executive Director
Paula Rosput Reynolds Chairman
Adriana Karaboutis Group Chief Information & Digital Officer
Lisa M. Lambert Chief Technology & Innovation Officer
Sector and Competitors
1st jan.Capi. (M$)
NATIONAL GRID PLC2.26%53 563
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E.ON SE-1.05%36 164
PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED-1.71%33 166