United Utilities profits fall in first half as costs rise
16th Nov 2023 07:57
(Sharecast News) - North West-focused water group United Utilities recorded a 7% drop in interim operating profits despite benefitting from higher customer bills, as costs increased.
Read moreJefferies upgrades UK water companies
16th Oct 2023 13:50
(Sharecast News) - Jefferies upgraded Severn Trent, United Utilities and Pennon on Monday as it took a look at the UK water sector.
Read moreUnited Utilities takes wraps off £13.7bn spending plan
2nd Oct 2023 07:23
(Sharecast News) - United Utilities unveiled its business plan for the 2025 to 2030 period on Monday, committing to a total spend of £13.7bn.
Read moreUnited Utilities fined £0.88m after taking 22bn litres from aquifer
16th Aug 2023 13:58
(Sharecast News) - United Utilities has been fined £800,000 by Britain's Environment Agency after illegally abstracting 22bn litres of water from a vital aquifer in Lancashire and causing damage that "will take years to receover".
Read moreUnited Utilities revenue, profit falls in line with guidance
25th May 2023 07:39
(Sharecast News) - United Utilities reported a 2% decrease in revenue in its final results on Thursday, to £1.82bn, in line with its guidance.
Read moreSunday newspaper round-up: The Restaurant Group, Severn Trent, Facebook
21st May 2023 14:45
(Sharecast News) - The Restaurant Group, owner of the Wagamama chain, is under increasing pressure to break up after TMR Capital proposed last week to management that it sell all its brands save that one. TMR was the fourth activist shareholder to make the case for change. Under the plans presented by TMR, Restaurant group should then focus on expanding the chain before going private via a sale. The clash on strategy comes amid a surge in the cost of ingredients, energy and salaries. - The Sunday Telegraph
Read moreUnited Utilities FY revenues seen lower
28th Mar 2023 08:56
(Sharecast News) - Water supply company United Utilities warned on Tuesday that 2022-23 full-year revenues were now expected to be roughly 1% lower than previous guidance.
Read moreWater companies 'falling short' of expectations - Ofwat
13th Dec 2022 08:57
(Sharecast News) - Water companies need to take urgent action to reduce pollution and improve customer service, the regulator warned on Tuesday.
Read moreOfwat slams water cos over dividend payments, poor performance
8th Dec 2022 11:04
(Sharecast News) - The UK's water regulator has slammed some of the country's major providers over the size of dividend payments relative to their financial and operational performance.
Read moreJPMorgan downgrades United Utilities
6th Dec 2022 13:37
(Sharecast News) - JPMorgan Cazenove downgraded United Utilities on Tuesday as it took a look at the UK water sector.
Read moreInflation and dry weather hit profits at United Utilities
23rd Nov 2022 07:04
(Sharecast News) - United Utilities reported a dip in half-year earnings on Wednesday, hit by surging inflation and the long dry summer.
Read moreEnergy 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.
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