National Grid (NG.)

Sector:

Utilities

Index:

FTSE 100

885.00p
   
  • Change Today:
      33.60p
  • 52 Week High: 1,067.40
  • 52 Week Low: 799.70
  • Currency: UK Pounds
  • Shares Issued: 3,520.19m
  • Volume: 7,224,824
  • Market Cap: £31,154m

National Grid switches on energy link to Belgium

By Josh White

Date: Thursday 31 Jan 2019

LONDON (ShareCast) - (Sharecast News) - National Grid began commercial operation of 'NEMO Link' the UK's first interconnector to Belgium - on Thursday morning.
The FTSE 100 energy infrastructure operator said the link would enhance security of supply on both sides of the water, and facilitate a "greater flow of clean energy" between mainland Europe and the United Kingdom.

Nemo Link was a 50-50 joint venture between National Grid and Belgian transmission system operator Elia.

National Grid said its share of the investment was £280m, with the 1,000 MW, 80-mile cable between Herdersbrug and Richborough, Kent completed on time and under budget.

"NEMO Link is the first of four interconnector projects being developed under the cap and floor regulation, collectively representing a total investment by National Grid of £2.1bn," the National Grid board said in its statement.

"Our 1,000 MW IFA2 project to France and 1,400 MW North Sea Link to Norway are both under construction and expected to be operational in the 2021 and 2022 financial years, respectively.

"Work on our 1,400 MW link to Denmark will commence later this year."

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National Grid Market Data

Currency UK Pounds
Share Price 885.00p
Change Today 33.60p
% Change 3.95 %
52 Week High 1,067.40
52 Week Low 799.70
Volume 7,224,824
Shares Issued 3,520.19m
Market Cap £31,154m

National Grid Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
79.55% above the market average79.55% above the market average79.55% above the market average79.55% above the market average79.55% above the market average
75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average
Price Trend
0.16% below the market average0.16% below the market average0.16% below the market average0.16% below the market average0.16% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Income
82.34% above the market average82.34% above the market average82.34% above the market average82.34% above the market average82.34% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Growth
75.74% below the market average75.74% below the market average75.74% below the market average75.74% below the market average75.74% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average

What The Brokers Say

Strong Buy 13
Buy 1
Neutral 3
Sell 1
Strong Sell 0
Total 18
buy
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National Grid Dividends

  Latest Previous
  Final Interim
Ex-Div 02-Jul-20 28-Nov-19
Paid 19-Aug-20 15-Jan-20
Amount 32.00p 16.57p

Trades for 29-Sep-2020

Time Volume / Share Price
16:50 1,585 @ 880.80p
16:50 113 @ 880.80p
16:50 100 @ 880.80p
16:50 614 @ 880.80p
16:50 386 @ 880.80p

National Grid Key Personnel

Chair Peter Gershon
CEO John Pettigrew
CFO Andrew Agg

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