National Grid Shares Slide on Labour Takeover Threat

Shares dropped, despite a dividend hike, as Labour revealed plans to nationalise and replace the firm 

James Gard 16 May, 2019 | 11:47AM

National Grid

National Grid (NG.) shares dropped even after it revealed a dividend hike as Labour announced plans which could threaten the future of the business.

As the energy giant released its annual results, Labour revealed plans nationalise the firm and replace it with a National Energy Agency (NEA).

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
National Grid PLC841.80 GBX-3.35

About Author

James Gard  is content editor for Morningstar.co.uk

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