National Grid safeguards dividend despite coronavirus knock to profit

FINANCIAL TIMES 🔒| National Grid has warned of a £400m coronavirus hit to its underlying operating profit this year as its US business suffers particularly badly, but maintained its dividend despite the crisis.

The FTSE 100 energy group said the impact on cash flow would be up to £1bn, although John Pettigrew, chief executive, insisted on Thursday that the effects would be “largely recoverable over future years”.

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