Higher bills fuel revenue surge at FTSE 100 United Utilities Business The increase, which was largely due to more expensive consumer bills, helped underlying operating profit jump 24 per cent to £335.7m.
Ofwat is now investigating all eleven of England and Wales’ water companies Water Ofwat is opening enforcement cases into four more water companies in a move that means it is now investigating every single water and wastewater company in England and Wales for the mismanagement of their networks and water treatment.
United Utilities: Water firm found to be the most polluting in England hikes dividend utilities United Utilities, the water company for the North West of England, has pointed to its robust finances as being behind an uptick in revenue and operating profit in its final results that also included substantial falls in profit after tax and earnings per share.
‘They’re regulating themselves’: Water firm reportedly downgrades pollution incidents December 4, 2023 A water firm operating in the north-west of England may have wrongly downplayed numerous pollution incidents last year.
Who’s next? Industry debt mountain threatens more than Thames Water July 3, 2023 Thames Water's troubles raise significant questions - such as who could be next and what happens now in the water industry.
Women now dominate boards of top three water firms, with five-out-of-six CEO and chair positions held April 28, 2022 Women now dominate the boards of water companies, with five out of six heads taking up the roles. The majority of chief executives and chairs for the three FTSE-Listed water firms, Severn Trent, Pennon and United Utilities, are now held by women. This comes after Louise Beardmore was promoted to chief executive at UU, succeeding [...]
United Utilities says inflationary pressures will offset higher revenues this year March 25, 2022 The UK’s largest water company, United Utilities, has said it expects its higher revenues, which expects to post as part of its financial results in May, will be offset by higher costs, linked to mounting inflationary pressures. The Warrington headquartered utility said current trading is in line with expectations for the financial year ending on [...]
Water supplier United Utilities results lift on higher consumption November 24, 2021 Water company United Utilities has seen its half year revenues lifted by a surge in consumption amid the return of business activity.
United Utilities profits dip as lockdowns hit water usage May 27, 2021 United Utilities saw its annual pre-tax profit dip by 21 per cent to £383m as it navigated its way through the pandemic. The company, one of the largest publicly traded water firms in the world, said that profits were hit by lower water consumption and higher infrastructure spending. The drop in profit was in line [...]
United Utilities pockets £88m for stake in Estonian water company February 3, 2021 United Utilities has agreed to a £88m cash deal to sell its 35.3 per cent stake in the largest water utility company in Estonia, Tallin Water. The utilities company will sell the stake to a consortium led by the Estonian city of Tallinn, which is an existing partner of United Utilities, alongside company Utilitas. Company [...]