Betaville

National Grid launches £7 billion rights issue

Little old Betaville likes to dig out the capital raising scoops just as much as the takeover stories.

However, little old Betaville was a bit off the pace with the latest equity raise to hit the London market.

National Grid, the FTSE 100-listed electricity and gas utility, has just announced a whopping 7 for 4 fully underwritten rights issue to raise a massive £7 billion to fund a significant step up in capital investment in the company's energy network infrastructure...