National Grid profit hit by US storms, launches UK cost-cut plan [Reuters]
National Grid Transco, PLC National Grid PLC (NEW) American Depositary Shares (NGG)
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Source: Reuters
National Grid profit hit by US storms, launches UK cost-cut plan | Reuters 1 Min Read Nov 8 (Reuters) - Electricity and gas utility company National Grid Plc reported a 6 percent fall in half-yearly underlying operating profit on Thursday, hurt in part by lower profit from its U.S. units where a string of storms raised costs. The company also said it implemented a cost-savings and restructuring programme in its UK business. Underlying operating profit fell to 1.29 billion pounds ($1.69 billion) for the six months ended Sept. 30, from 1.37 billion pounds a year earlier. ($1 = 0.7624 pounds) (Reporting by Shariq Khan and Tanishaa Nadkar in Bengaluru; Editing by Gopakumar Warrier) All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2018 Reuters. All Rights Reserved. National Grid profit hit by US storms, launches UK cost-cut plan Nov 8 (Reuters) - Electricity and gas utility company National Grid Plc reported a 6 percent fall in ha
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