Energy firms rally as Hunt scales back support package
17th Oct 2022 11:39
(Sharecast News) - Energy firms rallied on Monday as chancellor Jeremy Hunt announced in his emergency statement that energy support in the form of a freeze on bills will be reviewed in April.
Read moreUK utilities could be at risk from windfall tax U-turn, says Citi
4th Oct 2022 14:19
(Sharecast News) - Citi said in a note on Tuesday that the UK government could do a U-turn on a potential windfall tax for power generators.
Read moreUnited Utilities warns on profits
27th Sep 2022 07:05
(Sharecast News) - United Utilities warned on profits on Tuesday, after the water company was hit by lower consumption and higher costs.
Read moreUnited Utilities sells green energy business
12th Jul 2022 07:04
(Sharecast News) - United Utilities has agreed to sell its portfolio of renewable energy assets in a £100m deal, it was confirmed on Tuesday.
Read moreJPMorgan downgrades Severn Trent as it turns cautious on water sector
28th Jun 2022 09:46
(Sharecast News) - JPMorgan Cazenove downgraded Severn Trent on Tuesday as it took a look at the UK water sector.
Read moreUnited Utilities sees higher finance charges offset modest FY revenue growth
26th May 2022 07:54
(Sharecast News) - Water supply company United Utilities has reported an 8.3p loss per share for the year ended 31 March, down from earnings of 66.5p per share a year earlier, as higher finance charges offset modestly improved annual revenues.
Read moreUnited Utilities FY revenues seen slightly higher
25th Mar 2022 07:05
(Sharecast News) - Water supplier United Utilities said on Friday that recent trading had been in line with internal expectations for the year ending 31 March.
Read moreUnited Utilities H1 profit rises with economic activity
24th Nov 2021 07:04
(Sharecast News) - United Utilities reported a 4% increase in first-half profit as water consumption increased along with economic activity.
Read moreUnited Utilities H1 profit, revenue seen higher as consumption increases
27th Sep 2021 07:42
(Sharecast News) - United Utilities said on Monday that trading has been in line with its expectations and that it expects to report a rise in first-half revenue and underlying operating profit amid rising water consumption.
Read moreWater companies to share cost of bad debt with business customers
26th Jul 2021 16:20
(Sharecast News) - The water regulator will permit water suppliers to raise prices for businesses and other non-household customers from next year, in a bid to offset the costs of higher amounts of bad debt amid the Covid-19 pandemic.
Read moreTuesday broker round-up
22nd Jun 2021 12:49
(Sharecast News) - United Utilities: Deutsche Bank downgrades to hold with a target price of 1,050p.
Read moreUnited Utilities ups dividend as lower bills hit profit
27th May 2021 07:03
(Sharecast News) - United Utilities raised its dividend in line with its policy as the water company reported a 21% drop in annual profit caused mainly by lower water bills.
Read moreAlmost half of UK solar panels from firms linked to Xinjiang forced labour
26th Apr 2021 09:10
(Sharecast News) - Around 40% of solar panels used in the UK are from Chinese firms that have been accused of exploiting forced labour camps in the region of Xinjiang.
Read moreSunday newspaper round-up: Financial Services, Google, Cash
25th Apr 2021 20:08
(Sharecast News) - The European Union will climb down and agree a post-Brexit deal on financial services because the bloc "needs London", PwC has predicted. John Garvey, global head of financial services at the consulting firm, said that although any agreement is unlikely to happen in the short term, there will come a point when the EU realises a deal is in its own interests. - Sunday Telegraph
Read moreUnited Utilities profit to drop in line with expectations
25th Mar 2021 07:30
(Sharecast News) - United Utilities said annual profit would fall in line with its expectations because of lower revenue and higher infrastructure spending.
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