National Grid has reported a surge in first-half profits and upgraded its outlook for the year as it sought to play down concerns about winter blackouts. Underlying operating profits leapt by 50 per cent to £2.1 billion in the six months to the end of September, primarily driven by having a full six month contribution from the electricity distribution business it bought last year, and by its agreement to sell more land to Berkeley Group. It was also buoyed by … read more »
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