FTSE falters on Fed comments, oil dip [Reuters (UK)]
National Grid Transco, PLC National Grid PLC (NEW) American Depositary Shares (NGG)
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Source: Reuters
FTSE falters on Fed comments, oil dip | Reuters 4 Min Read (Reuters) - UK shares fell to their lowest in more than two years on Thursday, joining a wider market selloff, after the U.S. Federal Reserve bank dampened hopes for a milder policy outlook and oil resumed its slide. The FTSE 100 .FTSE was down 0.4 percent with the mid-cap index .FTMC 0.6 percent lower by 1115 GMT, after earlier hitting their lowest levels since 2016. Oil and related stocks were the biggest drags on the main index, with heavyweights Shell ( RDSa.L ) and BP ( BP.L ) losing 2 percent each. Utilities, often seen as a safe haven, helped the main index recoup some losses. National Grid ( NG.L ) was up 2.1 percent after a rating upgrade by CFRA, with peers Severn Trent ( SVT.L ) and United Utilities ( UU.L ) also rising. The UK indexes are on track for their worst year since the 2008 financial crisis, and the Fed’s tone deepened concerns already augmented by Brexit worries. Despite calls by U.S. President
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NGG
Sec Filings
- 4/18/24 - Form 6-K
- 4/10/24 - Form 6-K
- 3/28/24 - Form 6-K
- NGG's page on the SEC website