Even National Grid finding financing tougher

Even clients in the utilities sector are finding it tougher to raise financing, National Grid's chief Steve Holliday has warned.

Holliday said the power infrastructure company had managed to raise more than £3bn in bonds and bank debt so far in 2008 but had found it much tougher to do, according to the Daily Mail.

"It was an awful lot harder to do than a year ago," he said.