Ok is there a mutter from the gutter going about today or what?
Shares are now consolidated, payout deadline gone, no official
news......??????

(scratches head......)

Any clues among us beautiful BB'ers this afternoon?

Looking good skinny thanks for post.

.

NG off to the races - ex dividend on 1st June.

I'm tempted to sell some of these ahead of tomorrow's ex divi. Hmmm.

Same argument/predicament on the VOD thread, but some say there will be a trading bounce in the afternoon to take advantage of the divi/sp drop. Tricky, imo.

Harry - I have seen the statement of fact on there :-)

In the end, I held here. I placed a few limit orders in the 590's - none of which have been filled!

Bit of a scary correction there, skinny! Divi + a bit more? Chart still looking good though med term.

Harry dividend is 23.47p - four figures for me which is nice.

FTSE dragging everything down.

Shorters will have the FTSE again today

Just taken +5.5 points S/B - PMI Construction figures out at 9:30.

U.K. oil and gas network operator National Grid PLC (NG.LN) Friday said Peter Gershon will succeed John Parker as chairman on Jan. 1, 2012.

Gershon, who is Chairman of Tate & Lyle PLC (TATE.LN), a provider of ingredients to the global food industry, will join National Grid's board on Aug. 1 as deputy chairman. He will assume the chairman role on Jan. 1 when Parker steps down.

Gershon is also chairman of General Healthcare Group Ltd. and Vertex Group Ltd., as well as a member of the U.K. Defense Academy Advisory Board and the government's Efficiency Board.

"He has a strong track-record of leading international businesses and working with governments and regulators at the highest level," said Ken Harvey, senior independent director of National Grid, who led the search for a new chairman.

According to a report in the U.K.'s Sunday Times newspaper in May, Bp PLC's (BP) former chief executive, John Browne, was the other final candidate for the role. There has been no official confirmation of this report.

At 0919 GMT National Grid's shares were unchanged at 612.50 pence, underperforming the broader U.K. market.

-By Konstantin Rozhnov, Dow Jones Newswires; +44 207 842 9004; konstantin.rozhnov@dowjones.com

Interim Management Statement.

Good start to 2011/12

Solid operational and financial performance

US restructuring programme on track to deliver targeted annualised cost savings of $200m by March 2012

Capital expenditure projects in line with plan to invest around 3.6bn in 2011/12


Steve Holiday, Chief Executive, said:

"The year has started well with our businesses making good initial progress toward their priorities and delivering solid operational and financial performance. In the US, our focus remains on working towards improved returns through enhanced customer service and operating efficiencies. In the UK, our investment in regulated capital projects and the implementation of our Gas Distribution Front Office systems are proceeding well.


We reconfirm our positive outlook for 2011/12 - we expect to deliver another year of good operating performance, although, as previously highlighted, comparative financial results will show some impact from the timing differences that benefited 2010/11."

Thank's Skinny

Holding up well and blue!

Amazingly only 9 short of the 12 month high of 639.

RNS Number : 1530O

National Grid PLC

13 September 2011

13 September 2011

The information contained herein may only be released, published or distributed in the United Kingdom,

Jersey and Guernsey. The information contained herein is not for release, publication or distribution in or into the United States, Australia, Canada, Japan, South Africa, Republic of Ireland or in any other jurisdiction where it is unlawful to distribute this press release. The bonds may only be sold in Jersey in compliance with the provisions of the Control of Borrowing (Jersey) Order 1958.

NATIONAL GRID LAUNCHES RPI LINKED 10 YEAR STERLING RETAIL BOND

National Grid has today launched a 10 year RPI linked Sterling bond available to retail investors.

The bonds will pay interest semi-annually at a 1.25% annual gross rate of interest adjusted to take account of changes in the level of the Retail Price Index*. On maturity, the amount due to be paid will be the full face value of the bonds adjusted to take account of any overall increase in the RPI. However on maturity, even if the RPI has fallen, National Grid will be required to repay the bonds at no less than their full face value.

National Grid is the first company to issue an RPI-linked bond available to retail investors, having traditionally only offered such bonds to major institutional investors. National Grid has a capital investment programme of approximately GBP22bn for the period from 2010 to 2015 for which it requires funding.

Malcolm Cooper, Global Tax and Treasury Director at National Grid, said

"National Grid is a relatively low risk business due to the demand for what we do and our highly regulated nature. There is evidence of strong demand from retail investors for inflation linked products to protect them from certain effects of inflation, and we hope that this product will address some of that demand".

Barclays Capital and Evolution Securities Limited have been appointed Joint Lead Managers of the bond issue. The bonds are expected to be issued on 6 October 2011. The offer period for the bonds is expected to remain open until 29 September 2011 but may close earlier.

The bonds are being issued by National Grid plc pursuant to its EUR15,000,000,000 EMTN programme and are expected to be listed on the London Stock Exchange (LSE) and to trade on the LSE's Order book for Retail Bonds.

* Inflation adjustments will be calculated by comparing the RPI level relating to the month which is 8 months before each payment is due to be made with the RPI level relating to the month which was 8 months before the October 2011 issue date, i.e. February 2011. For more information please read the Information Booklet, Prospectus and Final Terms relating to the bonds.

--ENDS--

A strong finish today.

Nice one