United Utilities Jumps to Record After Boost to Investment Plan

Shares in United Utilities Group Plc rose to a record after the company announced plans to spend an extra £2.5 billion ($3.4 billion) by 2030 to supply new data centers, houses and upgrade aging pipes.

The water and sewerage supplier for the Northwest of England will raise £800 million in fresh equity to help cover the first investment tranche of £1.4 billion, according to a statement on Thursday.