Financial News

National Grid stock price drops 6% on “disappointment” with Ofgem’s plan

By: Invezz

Shares of National Grid (LON: NG.) have plunged 6% today following the U.K. energy regulator Ofgem’s new price-control and investment plans. As a result, National Grid stock price now trades at a 3-month low.  Fundamental analysis: National Grid “extremely disappointed” by Ofgem’s plan Ofgem, the U.K. energy regulator, has presented a plan for a five-year investment worth around £25 billion ($31.43 billion). The basic idea behind the investment plan is to transform the country’s energy networks. A part of the plan specifies “allowed rate of return”, which obviously, works against the interest of energy firms. Ofgem wants to reduce the

The post National Grid stock price drops 6% on “disappointment” with Ofgem’s plan appeared first on Invezz.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.

Use the myMotherLode.com Keyword Search to go straight to a specific page

Popular Pages

  • Local News
  • US News
  • Weather
  • State News
  • Events
  • Traffic
  • Sports
  • Dining Guide
  • Real Estate
  • Classifieds
  • Financial News
  • Fire Info
Feedback