National Grid plc

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  • 1,048.25p
  • -5.00p (-0.47%)

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National Grid share price: Interest rate rise could put pressure on stock

Interest rate rise could put pressure on National Grid

Analyst comments follow group’s half-year update

2 weeks ago

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About National Grid plc

National Grid Plc (LON:NG) is a British multinational electricity and gas utility company incorporated in July 2000. The company is headquartered in London.
National Grid has four main units: UK Transmission, UK Gas Distribution, US Regulated and Other activities. The company owns and operates the gas national transmission system and four of the eight regional gas distribution networks in Great Britain. Through its assets in New England and upstate New York National Grip serves around 3.5 million consumers.
The company acquired New England Electric System and Eastern Utilities Associates in 2000, as well as New York State utility Niagara Mohawk Holdings in 2002.
In 2002 National Grid merged with Lattice Group plc to form National Grid Transco plc, the UK’s largest utility, which changed its name back to National Grid in 2005. It then unified the majority of operating businesses under the National Grid name.
In 2004 National Grid acquired the UK subsidiary of Crown Castle International, thus creating a combined business as the major independent provider of infrastructure to the mobile telecommunications operators in the UK.
National Grid, listed on the London Stock Exchange, is a constituent of the FTSE 100 Index. It was floated in 1995 as National Grid Group plc. The company also has a secondary listing on the New York Stock Exchange.

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