0738 GMT - National Grid is relatively immune to knock-on effects stemming from the conflict in the Middle East, Hargreaves Lansdown's Aarin Chiekrie writes. He cites its limited exposure to wholesale energy prices and the fact that its revenues are positively linked to inflation. This provides a natural hedge to otherwise challenging dynamics, Chiekrie says. Even higher interest rates shouldn't pose too much of a worry, he adds. Roughly 80% of the U.K. utility company's debt is locked in at fixed rates, he explains. The scale of its investment plan poses some risks but so far it has made good progress, he says. Shares rise 1.2% to 1,291.50 pence.(adam.whittaker@wsj.com)
(END) Dow Jones Newswires
May 14, 2026 03:38 ET (07:38 GMT)
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