United Utilities celebrates good first-half results November 26, 2014 REVENUE improved at United Utilities in the six months to 30 September, up to £859.4m from £845.7m in the same period of last year, while operating profit also improved, up to £340.5m from £338.3m. Steve Mogford, chief executive at United Utilities, said the firm was “pleased with the progress we have made over the last [...]
United Utilities slips as Ofwat grills price plan August 6, 2014 SHARES in United Utilities slumped yesterday, after regulator Ofwat said it had written to three water companies questioning their proposed spending plans. The FTSE 100-listed water and waste management firm slid over 1.5 per cent in early trading, after Ofwat raised concerns over its pricing forecasts for its wastewater business. Ofwat is currently assessing the [...]
United Utilities now seeking to splash out May 22, 2014 WATER company United Utilities yesterday said that it was still embroiled in talks with the regulator Ofwat over the next price cycle, as it unveiled a 10.8 per cent rise in full-year profits. The FTSE 100-listed firm said it was “well progressed” with its revised business plan and was on track to submit it to [...]
United Utilities upbeat despite price restraint March 20, 2014 FTSE 100 listed water firm United Utilities said yesterday that it expects a rise in both profit and revenue for the full year thanks to better cost control and a regulated rise in prices. The pick-up in performance comes despite United Utilities deciding, alongside rival firms, not to enforce the full price rises that it [...]
United Utilities uses tax rebate to trim bill hike November 27, 2013 FTSE 100-listed water company United Utilities yesterday said it plans to use a tax settlement to keep price increases in line with inflation next year, as it unveiled increased half-year revenues and earnings. A revised agreement with HM Revenue and Customs has triggered a tax windfall for water companies. Severn Trent yesterday said it is [...]