National Grid shares boost Footsie

National Grid shares jumped more than 6% today as it outlined plans to demerge its broadcast and telephone masts arm and return cash to shareholders.

National Grid shares boost Footsie
Thu, 16 Nov, 2006 - 11:25

National Grid shares jumped more than 6% today as it outlined plans to demerge its broadcast and telephone masts arm and return cash to shareholders.

With half-year profits also ahead of expectations, the utility stock made an uncharacteristic jump of 42p to 740p.

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