Market News - Page 476

Strong recovery in H2, ahead of market expectations….

National Grid plc today announces that it has agreed to acquire PPL WPD Investments Limited, the holding company of Western Power Distribution, the UK's largest electricity distribution business, from PPL WPD Limited, a subsidiary of PPL Corporation for an equity value of £7.8 billion and National Grid has agreed to sell The Narragansett Electric Company (“NECO”) to PPL Energy Holdings, LLC, also a subsidiary of PPL, for an equity value of US$3.8 billion (£2.7 billion)….

Fevertree Drinks announces its preliminary results for the year ended 31st December 2020….

Vodafone and Vantage Towers set final offer price at €24.00 per Vantage Towers share….

Young's provides the following update in light of the ongoing Covid-19 situation and the announcement of the Government's Roadmap for the easing of lockdown restrictions, which should provide some certainty about the Company's plans to reopen its pubs.
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Half-yearly report for the six months ended 31 January 2021 A copy of the Half-Yearly Report can be accessed via the Company’s website at www.mlcapman.com/manchester-london-investment-trust-plc or…

LondonMetric Property Plc (“LondonMetric”) announces the acquisition of two warehouses in Milton Keynes for £31.2 million, reflecting a blended net initial yield of 4.4% and a reversionary yield of 5.0%. The buildings have a WAULT of 22 years and benefit from contractual rental uplifts….

Nestlé today published its 2020 Annual Report. The report highlights the company's financial and non-financial performance for the year and gives an update on strategy, innovation, digitalization and sustainability. Nestlé has also sent the Annual General Meeting (AGM) invitation and agenda to shareholders.
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