Electricity and gas utility firm National Grid said on Monday that trading remained in line with expectations and consistent with guidance issued at the time of its interim results, though it now expects to see a net impact of roughly 1p per share to underlying earnings.
Source: Sharecast
National Grid said the revision reflected customer refund charges linked to the 19 March FERC judgement on New England Transmission and higher‑than‑expected storm costs in its US operations, partly offset by slightly lower finance costs.
The FTSE 100-listed firm expects to report its full year earnings on 14 May.
As of 0820 BST, National Grid shares were down 0.71% at 1,338p,
Reporting by Iain Gilbert at Sharecast.com
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