- Power utility National Grid said it will highlight that it expected to achieve asset growth of 8% over the medium term at its US business, during an investor 'teach-in' on Friday.

'The US energy industry needs significant levels of investment to modernise ageing networks, and around 80% of the total US gas and electric investment is to improve asset health and reliability,' the company said.

'In today's presentations, we will demonstrate how we are creating value through this investment for customers and shareholders with a strong focus on efficiency, affordability and enhancing customer experience.'

No material updates on the current trading would be provided, National Grid said.

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