United Utilities Expects Regulated Revenue to Rise 6%
Stock Chart for United Utilities Group PLC (UU/)
United Utilities Group Plc, the largest U.K. water company by market value, said it expects revenue in its regulated business to rise by about 6 percent this year.
This is less than a price increase of 7.8 percent set by the industry regulator. Revenue in the financial year ending March 31 will be affected by falling demand, rising costs and unpaid bills, Communications Director Gaynor Kenyon said today by mobile phone from the company’s base in Warrington, England.
The regulated business accounts for about 90 percent of the company’s operating profit, Kenyon said.
United Utilities provides water and sewage services in northwest England to cities including Manchester and Liverpool.
To contact the editor responsible for this story: Stephen Voss at email@example.com
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.