British energy giant National Grid has reached a deal to sell National Grid Renewables in the US to Canadian investment firm Brookfield Asset Management for $1.74 billion. Minneapolis-based ...

Shares in National Grid were down more than 10% at 10.09 pounds by 1040 GMT. Other British utilities were also down sharply on concern over political risk in the sector.

National Grid has struck a deal to sell its Electricity System Operator (ESO) to the government for £630m, paving the way for the division to transition into public ownership.