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United Utilities Group PLC (UU.L)

UU.L on London Stock Exchange

890.40GBp
23 Oct 2020
Change (% chg)

9.80 (+1.11%)
Prev Close
880.60
Open
878.80
Day's High
895.00
Day's Low
876.60
Volume
793,645
Avg. Vol
1,503,386
52-wk High
1,068.50
52-wk Low
743.00

Latest Key Developments (Source: Significant Developments)

United Utilities Sees HY Group Rev Lower Than Last Year
Thursday, 24 Sep 2020 

Sept 24 (Reuters) - United Utilities Group PLC ::UNITED UTILITIES - CURRENT TRADING IS IN LINE WITH GROUP'S EXPECTATIONS FOR SIX MONTHS ENDING 30 SEPTEMBER 2020..UNITED UTILITIES - HY GROUP REVENUE IS EXPECTED TO BE LOWER THAN FIRST HALF OF LAST YEAR.UNITED UTILITIES - UNDERLYING OPERATING PROFIT FOR FIRST HALF OF 2020/21 IS EXPECTED TO BE LOWER THAN FIRST HALF OF 2019/20.UNITED UTILITIES - EXPECT UNDERLYING NET FINANCE EXPENSE FOR FIRST HALF OF 2020/21 TO BE AROUND £30 MILLION LOWER THAN FIRST HALF OF LAST YEAR.UNITED UTILITIES - NET REDUCTION IN REVENUE IN FIRST HALF OF YEAR IS EXPECTED TO BE AROUND 5 PER CENT.UNITED UTILITIES - OPERATIONAL PERFORMANCE IN FIRST HALF OF YEAR IS ON TRACK AGAINST OUR AMP7 PLAN.UNITED UTILITIES - CONTINUE TO TARGET NET OUTCOME DELIVERY INCENTIVE (ODI) OUTPERFORMANCE FOR FULL YEAR 2020/21.  Full Article

United Utilities Reports Surprise Annual Profit Rise, To Review Dividend Policy
Friday, 22 May 2020 

May 22 (Reuters) - United Utilities Group PLC ::UNITED UTILITIES - FY REVENUE £1,859.3M VERSUS £1,818.5M REPORTED LAST YEAR.UNITED UTILITIES - FY UNDERLYING OPERATING PROFIT £743.9M VERSUS £684.8M LAST YEAR.UNITED UTILITIES - FY UNDERLYING PROFIT AFTER TAX HAVE INCREASED NUMBER OF CUSTOMERS ELIGIBLE FOR REDUCED TARIFFS. VERSUS £378.7M REPORTED LAST YEAR.UNITED UTILITIES - FY UNDERLYING PROFIT AFTER TAX ECONOMIC IMPLICATIONS OF COVID-19 WILL PROVIDE A CHALLENGING BACKDROP TO AMP7 REGULATORY PERIOD. VERSUS £378.7M REPORTED LAST YEAR.UNITED UTILITIES - FY UNDERLYING PROFIT AFTER TAX WILL REVIEW OUR DIVIDEND POLICY FOR AMP7 AS A CLEARER PICTURE OF POST COVID-19 ECONOMIC ENVIRONMENT EMERGES VERSUS £378.7M REPORTED LAST YEAR.UNITED UTILITIES - OUR SHARE OF WATER PLUS LOSSES FOR YEAR AMOUNTED TO £51 MILLION, OF WHICH £46 MILLION HAS BEEN RECOGNISED IN INCOME STATEMENT.UNITED UTILITIES - RECOGNISED AN ALLOWANCE FOR EXPECTED CREDIT LOSSES OF £5 MILLION ON OUR LOANS TO WATER PLUS.UNITED UTILITIES - BOARD HAS PROPOSED A FINAL DIVIDEND OF 28.40 PENCE PER ORDINARY SHARE.UNITED UTILITIES - IN 2019/20 NET OUTPERFORMANCE PAYMENT OF £22.4 MILLION..  Full Article

United Utilities Current FY Trading In Line With Group's Expectations
Wednesday, 25 Mar 2020 

March 25 (Reuters) - United Utilities Group PLC ::UNITED UTILITIES GRP - TRADING STATEMENT.UNITED UTILITIES - CURRENT TRADING IS IN LINE WITH GROUP'S EXPECTATIONS FOR YEAR ENDING 31 MARCH 2020.UNITED UTILITIES - ENACTED OUR ROBUST CONTINGENCY PLANS IN RESPONSE TO COVID-19 OUTBREAK.UNITED UTILITIES - REVENUE FIXED UNDER REGULATORY REVENUE CONTROL FOR NEXT FIVE YEARS, WITH SHORTFALLS IN ANY YEAR BEING RECOVERABLE IN LATER YEARS.UNITED UTILITIES - ROBUST LIQUIDITY POSITION EXTENDING OUT FOR 24 MONTHS WHICH IS AT UPPER END OF OUR POLICY RANGE.UNITED UTILITIES - FY GROUP REVENUE IS EXPECTED TO BE HIGHER THAN LAST YEAR, LARGELY REFLECTING OUR ALLOWED REGULATORY REVENUE CHANGES.UNITED UTILITIES- FY REPORTED OPERATING PROFIT TO BE IMPACTED BY ACCELERATED DEPRECIATION CHARGE OF AROUND £80 MILLION IN RELATION TO BIORESOURCES ASSETS.UNITED UTILITIES - ECONOMIC CLIMATE IS ALSO EXPECTED TO AFFECT ABILITY OF BUSINESS CUSTOMERS TO PAY OUR JOINT VENTURE COMPANY, WATER PLUS.UNITED UTILITIES - RECOVERY PLAN IS NOW LIKELY TO BE FAR MORE CHALLENGING, TAKE LONGER AND BE LESS CERTAIN.UNITED UTILITIES - EXPECT GROUP NET DEBT AT 31 MARCH 2020 TO BE BROADLY FLAT COMPARED WITH POSITION AS AT 30 SEPTEMBER 2019.  Full Article

United Utilities Names Phil Aspin As CFO
Friday, 28 Feb 2020 

Feb 28 (Reuters) - United Utilities Group PLC ::DIRECTORATE CHANGE.ANNOUNCES APPOINTMENT OF CHIEF FINANCIAL OFFICER DESIGNATE.APPOINTMENT OF PHIL ASPIN AS CHIEF FINANCIAL OFFICER, WITH EFFECT FROM CLOSE OF BUSINESS AT AGM ON 24 JULY 2020.PHIL ASPIN WILL SUCCEED RUSS HOULDEN WHO WILL RETIRE FROM BOARD FOLLOWING AGM.  Full Article

United Utilities Says Still Repairing Water Main In Selside Damaged By Storm Ciara
Tuesday, 11 Feb 2020 

Feb 11 (Reuters) - United Utilities Group PLC ::CONTINUING TO WORK ON REPAIRS TO A WATER MAIN IN SELSIDE AREA THAT WAS DAMAGED BY STORM CIARA ON SUNDAY.CHANCE THAT WATER PRESSURE COULD DROP LATER TODAY IN SOME AREAS, MEANING SOME PROPERTIES COULD GO WITHOUT WATER IN SELSIDE AREA.  Full Article

United Utilities Says CFO Russ Houlden To Step Down From Board
Wednesday, 5 Feb 2020 

Feb 5 (Reuters) - United Utilities Group PLC ::UNITED UTILITIES GRP - DIRECTORATE CHANGE.UNITED UTILITIES GROUP PLC - RUSS HOULDEN, CHIEF FINANCIAL OFFICER OF COMPANY SINCE 2010, HAS DECIDED TO RETIRE AND WILL STEP DOWN FROM BOARD.UNITED UTILITIES GROUP PLC - UNITED UTILITIES ANNOUNCES RETIREMENT OF CHIEF FINANCIAL OFFICER.  Full Article

United Utilities Says Accepting FD And Dividend Policy
Wednesday, 29 Jan 2020 

Jan 29 (Reuters) - United Utilities Group PLC ::UNITED UTILITIES GRP - UNITED UTILITIES ACCEPTING FD AND DIVIDEND POLICY.UNITED UTILITIES GROUP PLC - AFTER CAREFUL CONSIDERATION, ITS PRINCIPAL SUBSIDIARY, UUW, HAS ACCEPTED FINAL DETERMINATION ON OFWAT.UNITED UTILITIES GROUP PLC - TOTAL DIVIDEND PER ORDINARY SHARE FOR 2019/20 IS EXPECTED TO BE 42.60 PENCE.UNITED UTILITIES - GROUP WILL TARGET GROWING ITS DIVIDEND PER SHARE BY CPIH INFLATION EACH YEAR FROM 2019/20 THROUGH TO 2024/25.  Full Article

United Utilities Reports HY Underlying Oper Profit Rises To 392 Mln STG
Wednesday, 20 Nov 2019 

Nov 20 (Reuters) - United Utilities Group PLC ::UNITED UTILITIES GRP - HALF-YEAR REPORT.HY UNDERLYING OPERATING PROFIT WAS UP £24 MILLION, AT £392 MILLION.HY INTERIM DIVIDEND PER ORDINARY SHARE 14.20P.H1 REVENUE 936 MILLION STG, UP 19 MILLION.HY REPORTED OPERATING PROFIT WAS UP £44 MILLION, AT £383 MILLION.  Full Article

Costain Group Says United Utilities Awarded Early Contractor Involvement Contract To Co
Tuesday, 17 Sep 2019 

Sept 17 (Reuters) - Costain Group PLC ::CO HAS BEEN AWARDED EARLY CONTRACTOR INVOLVEMENT CONTRACT BY UNITED UTILITIES.CONTRACT BY UNITED UTILITIES TO SUPPORT MANCHESTER AND PENNINES RESILIENCE PROJECT.CONTRACT FOR INITIAL PERIOD OF 3 YRS; FRAMEWORK IS EXPECTED TO BE WORTH UP TO £1 MILLION OVER DURATION OF CONTRACT.  Full Article

United Utilities Group Says COO Steve Fraser Leaving To Become CEO Of Cadent Gas
Friday, 14 Jun 2019 

June 14 (Reuters) - United Utilities Group PLC ::DIRECTORATE CHANGE.STEVE FRASER, CHIEF OPERATING OFFICER, IS LEAVING BUSINESS TO BECOME CHIEF EXECUTIVE OF CADENT GAS LIMITED.STEVE FRASER WILL LEAVE UNITED UTILITIES LATER THIS YEAR ON A DATE TO BE CONFIRMED.  Full Article

UPDATE 1-United Utilities flags revenue hit on lower consumption, price cuts

Sept 24 British water supplier United Utilities Group Plc warned of lower first-half revenue on Thursday, pressured by lesser consumption by businesses due to the COVID-19 pandemic and price cuts set by the sector regulator Ofwat.