National Grid Shares - Weekly review as Birkhill Wood project advances
19.06.2026 - 17:06:37 | ad-hoc-news.de
Edited by ad hoc news Sector & Peer-Group Desk. Verified prior to publication on 06/19/2026, 17:04 BST. Details in the imprint.
National Grid (GB00BDR05C01) has seen a choppy trading week in London, with shares recovering modestly on Friday after a sharp decline the day before. The move comes as the group secured UK planning approval for its Birkhill Wood substation project, according to a London market report dated 06/19/2026.
All news and key data on National Grid stock
Follow current headlines, price data and investor information on National Grid stock in one place.
What Reuters and others report on the move
According to a London market update on 06/19/2026, National Grid shares were up around 0.4% at about 1,194.5 pence late Friday morning, recouping part of Thursday's 2.1% decline as the FTSE 100 edged slightly lower.
The same report highlighted that shares remain roughly 16% below their 12-month high of 1,428.5 pence, underlining how the recent pullback has reset valuations despite the company's ongoing investment plans.
Weekly review and sector context
This week, National Grid traded under pressure from rising UK gilt yields, a headwind for regulated utilities where valuations are sensitive to bond-market moves. The modest rebound on Friday came even as the broader London market was soft.
Against this backdrop, the stock's decline of about 2% on Thursday and partial recovery on Friday left the weekly picture still negative, in contrast to a relatively muted move across some other UK large-cap utilities.
Offshore wind links and capital plan
The Birkhill Wood substation project, which has now received planning approval, is designed to help connect up to 4.22 GW of offshore wind capacity into the onshore grid, according to the same market report. It forms part of a wider UK network upgrade.
National Grid has earmarked around £8.6 billion of investment for Yorkshire and northeast England over the next five years, reflecting the scale of the transmission build-out needed to accommodate more renewable generation in the region.
What the latest results showed
In its full-year results statement for the year ended 03/31/2026, National Grid reported underlying earnings per share of 78.0 pence, an increase of 8% at constant currency, supported by regulated asset growth and ongoing network investment.
The company also set out a plan to invest at least £70 billion over the next five years across its UK and US networks to modernize infrastructure and expand capacity, particularly to support renewable energy and electrification.
How the company makes money
National Grid operates electricity and gas transmission and distribution networks in the UK and in the US Northeast, earning regulated returns on its asset base. Revenues are largely set by regulators, providing long-term visibility but linking returns to allowed capital frameworks.
Where the stock trades today
The shares of National Grid (GB00BDR05C01) trade on the London Stock Exchange at about 1,193.50 pence as of 06/19/2026, 10:46 BST.
Key facts on National Grid stock
- Company: National Grid plc
- ISIN: GB00BDR05C01
- WKN: A2DQ3Z
- Ticker: NG.
- Venue: London Stock Exchange
- Price (as of 06/19/2026, 10:46 BST): 1,193.50 GBX
- Market cap: approximately GBP 47 billion (as of 06/19/2026)
- Sector / Industry: Utilities / Regulated Electric & Gas
- Index membership: FTSE 100
- Next earnings date: not officially scheduled
This article was AI-assisted and editorially reviewed. Price and company data without warranty; prices and dates may change at short notice. No investment advice, no buy or sell recommendation. Trading securities involves risk up to total loss of capital.
