National Grid Reports Significant Profit Increase

National Grid Reports Significant Profit Increase

National Grid’s annual profits rose by a fifth as it lauded stable growth against a backdrop of “international economic uncertainty.” On an underlying basis, pre-tax profit increased 20 per cent to £3.7bn over the 12 months ended 31 March. Earnings per share rose two per cent to 73.3p, ahead of previous guidance. National Grid announced a total dividend of 46.72p for its shareholders, which include major institutional investors such as Blackrock…

National Grid records £303m impairment on US wind projects

National Grid has reported an impairment charge of £303m ($403m) for 2024/25 due to the pausing of development activities by COSW.

How's the outlook for the National Grid share price after FY results?

National Grid (LSE: NG.) released full-year results Thursday (15 May) and the share price gained 3% on the day. CEO John Pettigrew said: “We’ve made significant progress in the first year of our five-year financial framework, with record capital investment of almost £10 billion, 20% higher than 2024.“ The rebased dividend’s up 3%, ahead of inflation. So the dividend train’s on track and going full steam ahead, right? We need a closer look. The e…

National Grid (LON:NG) Trading 0.9% Higher – Should You Buy?

National Grid plc (LON:NG – Get Free Report) shares shot up 0.9% during trading on Thursday . The stock traded as high as GBX 1,022.50 ($13.61) and last traded at GBX 1,015.50 ($13.51). 9,811,752 shares changed hands during mid-day trading, The stock had previously closed at GBX 1,006.50 ($13.39). National Grid Stock Performance The company […]

National Grid reveals $402m hit to sidelined New York Bight offshore wind project

The developer with partner RWE cited US market uncertainty to move to pause array on $1.1bn lease