National Grid reports 'solid' first quarter

Electricity and gas provider National Grid says it achieved a 'solid operational and financial performance' in its first quarter and is keeping its positive outlook for the full year unchanged.

Electricity and gas provider National Grid says it achieved a 'solid operational and financial performance' in its first quarter and is keeping its positive outlook for the full year unchanged.

Overall, there was no major changes to its financial position during the period between April 1st and July 29th. The firm says that it has a strong balance sheet, underpinned by regulatory revenue, which is "key to our ability to secure the required long-term funding for our businesses in both the UK and the US."

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