London, Jan 17, 2026, 08:55 GMT — The market has closed.
- National Grid (NG.L) closed Friday 1.74% higher at 1,201.5p, marking a fresh 52-week peak.
- A regulatory filing revealed senior executives made modest stock purchases through dividend-related plans.
- Attention shifts next week to UK inflation data due Jan. 21, with investors eyeing its impact on interest-rate expectations.
National Grid (NG.L) shares climbed 1.74% to close at 1,201.5 pence on Friday, hitting a fresh 52-week peak. The stock saw heavier-than-usual volume, outpacing the broader FTSE 100, which slipped. (MarketWatch)
London markets are closed for the weekend, leaving the utility poised to open next week at a key round-number level that traders monitor, near the peak of its recent trading range.
That’s crucial now, as rate bets have been driving performance in defensive, dividend-paying stocks. Utilities often act as “bond proxies,” a term for shares that shine when yields drop but lose appeal once borrowing costs go up.
The FTSE 100 edged down 0.04% on Friday, pulling back slightly after hitting a record high the previous day. Miners weighed on the index as metal prices fell. (Reuters)
“A quieter day on the corporate reporting front allowed investors some breathing room,” said Dan Coatsworth, head of markets at AJ Bell. Traders were cautious ahead of a long U.S. weekend, dialing back risk. (MarketScreener)
National Grid wasn’t alone in its gains. SSE climbed 1.12% on Friday, hitting a 52-week peak as well, highlighting strong interest in major UK utilities amid a quiet broader market. (MarketWatch)
National Grid revealed in a filing that several senior executives have been buying shares through dividend reinvestment and its scrip alternative. CFO Andy Agg purchased 74 ordinary shares at £11.66 apiece. Chair Paula Rosput Reynolds, along with other executives, also added stock via related plans, according to the filing. (Investegate)
A scrip dividend offers shareholders the option to receive new shares rather than cash. Dividend reinvestment plans work similarly, converting payouts into stock buys. This can boost demand slightly but also increases the share count over time.
Market focus is shifting back to economic data and its implications for the Bank of England. Investors have nearly priced in two quarter-point rate cuts this year, though a reduction isn’t fully expected until June. The next UK CPI figures drop on Jan. 21, Reuters reported. “Sterling … could be poised for further gains should the upbeat data dampen the likelihood of further BoE rate cuts,” said Matthew Ryan, head of market strategy at Ebury. (Reuters)
That said, the setup works both ways. A hotter inflation number might drive yields higher, weighing on utilities. Meanwhile, regulatory rulings on permitted returns and spending strategies continue to be a lingering wildcard for the sector.
