National Grid (NG.)

Sector:

Utilities

Index:

FTSE 100

1,067.40p
   
  • Change Today:
      13.60p
  • 52 Week High: 1,073.80p
  • 52 Week Low: 778.00p
  • Currency: UK Pounds
  • Shares Issued: 3,508.27m
  • Volume: 7,000,347
  • Market Cap: £37,447m

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 1,067.40p
Change Today 13.60p
% Change 1.29 %
52 Week High 1,073.80p
52 Week Low 778.00p
Volume 7,000,347
Shares Issued 3,508.27m
Market Cap £37,447m

National Grid Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
54.07% above the market average54.07% above the market average54.07% above the market average54.07% above the market average54.07% above the market average
25% below the sector average25% below the sector average25% below the sector average25% below the sector average25% below the sector average
Price Trend
73.08% above the market average73.08% above the market average73.08% above the market average73.08% above the market average73.08% above the market average
25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average
Income
46.02% above the market average46.02% above the market average46.02% above the market average46.02% above the market average46.02% above the market average
Sector averageSector averageSector averageSector averageSector average
Growth
75.82% below the market average75.82% below the market average75.82% below the market average75.82% below the market average75.82% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average

What The Brokers Say

Strong Buy 9
Buy 2
Neutral 5
Sell 1
Strong Sell 0
Total 17
buy
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National Grid Dividends

  Latest Previous
  Interim Final
Ex-Div 28-Nov-19 30-May-19
Paid 15-Jan-20 14-Aug-19
Amount 16.57p 31.26p

Trades for 19-Feb-2020

Time Volume / Share Price
16:50 2 @ 1,071.00p
16:50 80 @ 1,071.00p
16:50 359 @ 1,071.00p
16:50 66 @ 1,071.00p
16:50 411 @ 1,071.00p

National Grid Key Personnel

Chair Peter Gershon
CEO John Pettigrew
CFO Andrew Agg

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