Advertisement
UK markets closed
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • FTSE 250

    19,884.73
    +74.07 (+0.37%)
     
  • AIM

    743.26
    +1.15 (+0.15%)
     
  • GBP/EUR

    1.1704
    +0.0010 (+0.09%)
     
  • GBP/USD

    1.2627
    +0.0005 (+0.04%)
     
  • Bitcoin GBP

    56,120.33
    +1,090.68 (+1.98%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • DOW

    39,807.37
    +47.29 (+0.12%)
     
  • CRUDE OIL

    83.11
    -0.06 (-0.07%)
     
  • GOLD FUTURES

    2,254.80
    +16.40 (+0.73%)
     
  • NIKKEI 225

    40,373.68
    +205.61 (+0.51%)
     
  • HANG SENG

    16,541.42
    +148.58 (+0.91%)
     
  • DAX

    18,492.49
    +15.40 (+0.08%)
     
  • CAC 40

    8,205.81
    +1.00 (+0.01%)
     

National Grid reports fall in H1 profit

Nov 9 (Reuters) - British power grid operator National Grid (LSE: NG.L - news) Plc reported a slightly worse-than-expected fall in half-year profit on Thursday hurt by weakness in its UK electricity transmission business.

Adjusted operating profit fell 12.8 percent to 1.26 billion pounds ($1.66 billion) for the six months to Sept. 30.

That was below the 1.29 billion forecast in a poll of 7 analysts.

The company, which maintained its full year outlook, said it expects capital investment to rise to over 4 billion pounds after a first-half outlay of 2 billion pounds, up 7 percent from a year earlier or 4 percent at constant currency rates.

($1 = 0.7607 pounds) (Reporting by Arathy S Nair in Bengaluru; editing by Jason Neely)