National Grid has been dragged into a corruption scandal in the US, with five former managers in the company's New York business accused of accepting bribes to steer contracts to certain local contractors. The men were arrested last month and accused of accepting hundreds of thousands of dollars in bribes and kickbacks between 2013 and 2020, in the form of cash, college tuition payments and holidays. According to New York prosecutors, one major contractor who secured more than $50m [£36m] in fac
The company wants to raise £5m in a move that could make it the first of its kind on the London market.
Transport, hospitality and other consumer-facing services companies were the hardest hit, according to latest figures.