National Grid CEO Interviewed on Interim Results 2009

PR Newswire

posted: 82 DAYS 14 HOURS AGO

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LONDON, November 19 /PRNewswire-FirstCall/ -- National Grid, the electricity and gas distribution company, announced "very strong" half-yearly results with pre-tax profits up by 16 per cent and earnings ahead by 31 per cent, despite a difficult trading environment.

The company said its GBP3.4bn investment strategy was on track, with

GBP1.5bn invested in the first half of the year.

In an interview with http://www.cantos.com, Steve Holliday, Chief Executive, said:

"The outlook for the full year remains strong. We've set our interest bill for the full year. So we'll see those benefits for the full year. We've got some rate filings in the US that will come in in the last quarter. And our businesses will continue to perform in line with our expectations."

The interviews and transcripts are available now on http://www.cantos.com.

It's free to view. All you need to do is register at

http://www.cantos.com. Cantos.com, the online financial broadcaster, features in-depth interviews, documentaries and webcasts with senior company executives. If you would like to contact us, please email

enquiries@cantos.com or phone +44-207-936-1333.

SOURCE National Grid Plc

2009-11-19 03:21:00