Large Cap Companies with Strong Market cap: $NGG $GIS $BCE – Wire Real Estate

Large Cap Companies with Strong Market cap: $NGG $GIS $BCE




Sep 2, 2020

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National Grid is bullish it tests new hydrogen-powered home heating project

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National Grid plc (NYSE:NGG) with one of the highest market caps of $199.07 billion in large cap category.

Britain's National Grid is working on a $13 million hydrogen-powered home heating system in the North West of England. The project is among several that are being tested to help bring down greenhouse gas emissions. Britain is investing in huge reduction in the use of fossil fuel as it works towards its zero emission target by 2050. To achieve this target, the country will have to cut its fossil fuel consumption by 85%.

In a statement, Antony Green National Grid project director for hydrogen said it is difficult to decarbonise sectors that require heating as most of them rely on fossil fuels. He noted that the use of innovative solution like hydrogen could help deliver low-carbon energy.

General Mills is bullish with one of the highest market cap

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General Mills, Inc. (NYSE:GIS) with one of the highest market caps of $39.53 billion billion in large cap category

General Mills is recalling 14 ounce cans of Progresso Organic Chicken Noodle Soup. The voluntary recall will affect products that were expected to expire on May 26, 2022. This affects less than 3,000 cans. The recall has been issued because the cans were mislabelled and the content also contains allergens. The company has reported double digit growth in demand during the pandemic.

BCE Inc. is bullish as its seeks to boost its balance sheet

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BCE Inc. (NYSE:BCE) with one of the highest market caps of $39.41 billion billion in large cap category.

Bell Canada will redeem before maturity all of its outstanding Cdn $750 million of 3.15% Debentures. The Debentures will be priced at $1,026.664 per $1,000 of principal amount of debentures.

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