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United States

United Utilities Group PLC (UU.L)

UU.L on London Stock Exchange

717.00GBp
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Latest Key Developments (Source: Significant Developments)

United Utilities Posts 3.6 Pct Rise In Full-Year Profit
Thursday, 24 May 2018 02:00am EDT 

May 24 (Reuters) - United Utilities Group PLC ::FINAL DIVIDEND 26.49 PENCEPER SHARE.FY UNDERLYING OPERATING PROFIT OF £645.1M (REPORTED OPERATING PROFIT OF £636.4M).FY REVENUE FROM CONTINUING OPERATIONS 1,735.8 MILLION STG VERSUS 1,704 MILLION STG YEAR AGO.ADVANCED IN PR19 PLANS INFORMED BY EXTENSIVE ENGAGEMENT WITH CUSTOMERS, BALANCING INVESTMENT WITH AFFORDABILITY.FY INFRASTRUCTURE RENEWALS EXPENDITURE 147 MILLION STG VERSUS 150.8 MILLION STG AS REPORTED YEAR AGO.FY TOTAL REGULATORY CAPITAL INVESTMENT 816 MILLION STG VERSUS 804 MILLION STG AS REPORTED YEAR AGO.BENEFITS FROM HEADROOM TO COVER ITS PROJECTED NEEDS INTO 2020.HEADROOM GIVES FLEXIBILITY IN TERMS OF HOW FURTHER DEBT FINANCE RAISED TO REFINANCE MATURING DEBT, SUPPORT DELIVERY OF RCI PROGRAMME.OUTPERFORMING REGULATORY CONTRACT FOR 2015-20 REGULATORY PERIOD.  Full Article

United Utilities Updates on 2019 Price Review Update​
Thursday, 14 Dec 2017 02:00am EST 

Dec 14 (Reuters) - United Utilities Group Plc ::‍UNITED UTILITIES 2019 PRICE REVIEW UPDATE​.ADVANCED IN PLANS FOR PR19, INFORMED BY EXTENSIVE ENGAGEMENT WITH CUSTOMERS REGARDING THEIR NEEDS AND PRIORITIES.IN MAY 2018, WILL PROVIDE EARLY EVIDENCE ON COMPANY SPECIFIC FACTORS AFFECTING WHOLESALE AND RETAIL OPERATIONS IN NORTH WEST.  Full Article

United Utilities says underlying oper profit of 344 mln stg vs. 312.5 mln stg
Wednesday, 22 Nov 2017 02:00am EST 

Nov 22 (Reuters) - United Utilities Group Plc ::H1 REPORTED PRETAX PROFIT 242.3 MILLION STG VERSUS. 158.4 MILLION STG .INTERIM DIVIDEND 13.24 PENCE PER SHARE.HY REVENUE OF 876 MILLION POUNDS VERSUS. 853 MILLION POUNDS, A YEAR AGO ‍​.HY UNDERLYING OPERATING PROFIT OF 344 MILLION POUNDS VERSUS. 312.5 MILLION POUNDS, A YEAR AGO ‍​.UNITED UTILITIES -AVERAGE BILLS SET TO REDUCE IN REAL TERMS OVER 10 YRS PERIOD TO 2020, TO DOUBLE NUMBER OF CUSTOMERS THROUGH AFFORDABILITY SCHEMES OVER AMP6​.‍TOTAL NET REGULATORY CAPITAL INVESTMENT IN H1, INCLUDING £70 MILLION OF INFRASTRUCTURE RENEWALS EXPENDITURE, WAS £394 MILLION​.‍REMAIN ON TRACK TO DELIVER A TOTAL OF AROUND £800 MILLION OF REGULATORY CAPEX FOR FULL YEAR​.HY REGULATORY CAPITAL VALUE GEARING OF 61 PERCENT VERSUS. 62 PERCENT, A YEAR AGO ‍​.GROUP BENEFITS FROM HEADROOM TO COVER ITS PROJECTED NEEDS INTO 2019, ENHANCED BY RECENT RAISING OF NEW FINANCE​.  Full Article

United Utilities pays 20 mln stg as compensation for cryptosporidium incident
Tuesday, 10 Oct 2017 10:25am EDT 

Oct 10 (Reuters) - United Utilities Group Plc ::CONCLUSION OF COURT HEARING FOLLOWING 2015 CRYPTOSPORIDIUM INCIDENT‍​.UNITED UTILITIES GROUP PLC - ‍ROOT CAUSE IDENTIFIED AS RUN-OFF WATER FROM AGRICULTURAL LAND FOLLOWING SEVERE RAINFALL​.UNITED UTILITIES GROUP PLC - ‍C£20 MILLION COMPENSATION PAID TO CUSTOMERS WHO WERE ADVISED TO BOIL THEIR WATER AS A PRECAUTION​.  Full Article

United Utilities says H1 trading in line with expectations
Tuesday, 26 Sep 2017 02:00am EDT 

Sept 26 (Reuters) - UNITED UTILITIES GROUP PLC ::‍CURRENT TRADING IS IN LINE WITH GROUP'S EXPECTATIONS FOR SIX MONTHS ENDING 30 SEPTEMBER 201​7.SAYS GROUP REVENUE IS EXPECTED TO BE JUST UNDER 3 PCT HIGHER THAN FIRST HALF OF LAST YEAR.SAYS UNDERLYING OPERATING PROFIT FOR FIRST HALF OF 2017/18 IS EXPECTED TO BE HIGHER THAN FIRST HALF OF 2016/17.EXPECT UNDERLYING NET FINANCE EXPENSE FOR FIRST HALF OF 2017/18 TO BE AROUND £30 MILLION HIGHER THAN FIRST HALF OF LAST YEAR​.SAYS IRE IN FIRST HALF OF 2017/18 WILL BE SLIGHTLY LOWER THAN FIRST HALF OF LAST YEAR.‍EXPECT A SMALL INCREASE IN GROUP NET DEBT AT 30 SEPTEMBER 2017 COMPARED WITH POSITION AT 31 MARCH 2017​.SAYS EXPECT AN INCREASE IN IRE IN SECOND HALF OF 2017/18, COMPARED WITH FIRST HALF OF YEAR..‍GEARING REMAINS COMFORTABLY WITHIN TARGET RANGE OF 55% TO 65% NET DEBT TO RCV​.EXPECT UNDERLYING NET FINANCE EXPENSE FOR FIRST HALF OF 2017/18 TO BE AROUND £30 MILLION HIGHER THAN FIRST HALF OF LAST YEAR.‍TOTAL REGULATORY CAPITAL INVESTMENT FOR 2017/18 IS EXPECTED TO BE AROUND £800 MILLION​.  Full Article

UK's Environment Agency fines United Utilities 666,000 stg for pollution
Wednesday, 13 Sep 2017 09:35am EDT 

Sept 13 (Reuters) - United Utilities Group Plc ::Uk's environment agency - united utilities fined 666,000 stg for pollution that affected fish populations and water quality.Uk's environment agency - prosecution against co after sewage polluted river medlock, had significant impact on fish population and water quality over four kilometres.  Full Article

United Utilities pleads guilty to charge of providing water unfit for consumption
Wednesday, 19 Jul 2017 08:01am EDT 

July 19 (Reuters) - United Utilities Group Plc ::"Pleaded guilty to one single charge of providing water that was unfit for human consumption between 30 July 2015 and 18 August 2015".Water from Franklaw Water Treatment Works, Preston; charge was brought by Drinking Water Inspectorate (DWI)."Full programme of remedial and repair work has already been implemented to safeguard future supplies"."Will not be making any further comment until after sentencing, later this year".  Full Article

United Utilities appoints Steve Fraser as COO
Wednesday, 28 Jun 2017 04:00am EDT 

June 28 (Reuters) - United Utilities Group Plc :Announces appointment of Steve Fraser to board as chief operating officer with effect from 1 August 2017.  Full Article

United Utilities sees lower revenue for 2016-2017
Tuesday, 28 Mar 2017 02:00am EDT 

United Utilities Group Plc : Underlying operating profit for 2016/17 is expected to be moderately higher than 2015/16 . Group revenue is expected to be slightly lower than last year . RPI inflation has increased this year . Reported operating profit will be impacted by costs relating to non-household retail market reform and restructuring within business . Expect underlying net finance expense for 2016/17 to be around £240 million . IRE increased slightly in second half of year, although IRE for 2016/17 is expected to be moderately lower than last year . Expect a small increase in group net debt at March 31 2017 compared with position at Sept. 30 2016 . Costs expected to total around £16 million for full year, of which 8 million pounds was recognised in first half .Regulatory capital investment in 2016/17, including infrastructure renewals expenditure expected to be around 800 million pounds this year.  Full Article

UK's Ofwat awards 18.8 mln stg to Severn Trent on performance
Thursday, 15 Dec 2016 02:25am EST 

UK's Ofwat : publishes final ODI determinations . Severn Trent water beat commitments on category 3 pollution incidents by 32 pct, internal sewer flooding by 21 pct . Severn Trent water beat its commitments on external sewer flooding by 7 pct and leakage by 2 pct . Severn Trent Plc performance results in a performance reward worth 18.8 mln stg. . South West Water will incur a 1.7 mln stg penalty for missing targets, mostly connected with significant wastewater pollution incidents Further company coverage: [SVT.L] [UU.L] (Bengaluru Newsroom: +91 806 749 1136).  Full Article

UPDATE 1-Britain's United Utilities FY profit rises 3.6 pct

May 24 United Utilities Group Plc's full-year profit beat analysts' estimate on Thursday as the British water utility said it benefited from lower costs and regulatory changes to how utilities charge customers.