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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  National Grid plc    NG.   GB00B08SNH34

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National Grid : New gas mains being rolled out in Sunbury-On-Thames

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02/22/2017 | 12:11pm CET

22 Feb 2017

▪ Ageing gas mains being replaced in Vicarage Road, Sunbury-On-Thames

▪ Work expected to be complete by late Spring 2017

▪ Project will help keep safe and reliable gas supplies flowing for cooking and heating

Essential work to replace ageing metal gas mains has got under way in Sunbury-on-Thames.

Work started last week on a 14-week project to renew the gas mains in Vicarage Road. The old mains are being replaced with tough new plastic pipes that will last for at least 80 years.

The gas mains are being replaced between Bryony Way and the M3 roundabout. Temporary traffic lights are being used during the project to keep staff and road-users safe.

National Grid Engineering Manager Stuart Donaldson said: 'This vital work will help ensure that local people keep on enjoying safe and reliable gas supplies for cooking and heating.

'We'll do all we can to deliver it with as little disruption as possible.'

Work will involve replacing service pipes to some properties and engineers will require access to do this work which will involve temporarily switching off the gas supply to the properties involved. Those affected will be notified beforehand.

All National Grid engineers carry official identity cards, which people should ask to see before allowing them on their property.

To verify an engineer's identity or for any enquiries about this work people should contact National Grid's customer services team on 0800 096 5678.

People can visit @VicarageRdSunburyGasUpgrade page on Facebook for updates about the work and how it affects homes and commuter routes.

To find out more about National Grid's gas mains replacement work go to www.bettergaspipes.co.uk

National Grid plc published this content on 22 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 February 2017 11:11:13 UTC.

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Financials ( GBP)
Sales 2017 15 888 M
EBIT 2017 3 960 M
Net income 2017 3 023 M
Debt 2017 25 103 M
Yield 2017 4,58%
P/E ratio 2017 13,64
P/E ratio 2018 14,76
EV / Sales 2017 3,87x
EV / Sales 2018 3,84x
Capitalization 36 329 M
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Mean consensus HOLD
Number of Analysts 16
Average target price 9,66  GBP
Spread / Average Target -0,30%
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John Mark Pettigrew Chief Executive Officer & Executive Director
Peter Oliver Gershon Non-Executive Chairman
Andrew R. J. Bonfield Executive Director & Finance Director
Richard Adduci Chief Information Officer
Ruth Kelly Independent Non-Executive Director
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