United Utilities Group (UU.)

Sector:

Utilities

Index:

FTSE 100

1,022.50p
   
  • Change Today:
    -20.00p
  • 52 Week High: 1,125.00p
  • 52 Week Low: 958.80p
  • Currency: UK Pounds
  • Shares Issued: 681.89m
  • Volume: 2,070,450
  • Market Cap: £6,972m
  • RiskGrade: 118

Ofwat expands sewage investigation to all wastewater companies in England and Wales

By Michele Maatouk

Date: Tuesday 16 Jul 2024

LONDON (ShareCast) - (Sharecast News) - Ofwat announced on Tuesday that it was expanding its investigation into how water companies manage their wastewater treatment works and networks to include United Utilities and Severn Trent.
The regulator has also served formal notices on Dŵr Cymru Welsh Water and Hafren Dyfrdwy.

"The opening of these enforcement cases follows detailed analysis of information on companies' environmental performance and data about how often these companies spill from storm overflows," it said.

"This has heightened Ofwat's concerns that these companies may not be fulfilling their obligations to protect the environment and minimise pollution."

The addition of four more water firms means there are now enforcement activities underway against all 11 water and wastewater companies in England and Wales.

Enforcement cases against Anglian Water, Northumbrian Water, South West Water, Thames Water, Wessex Water, and Yorkshire Water were previously announced in 2022, with "extensive" investigations still ongoing. Meanwhile, Southern Water remains subject to enforcement monitoring following a previous enforcement case in 2019.

Ofwat chief executive David Black said: "This is the largest and most complex investigation Ofwat has undertaken. However, Ofwat is committed to concluding these cases as quickly as possible, so that the sector can focus on delivering the £88bn expenditure PR24 will unlock to deliver cleaner rivers and seas. As part of this package of investment £10bn is ear marked to tackle storm overflows with a target to reduce spills from storm overflows by 44%."

He noted that Severn Trent recently announced a programme to significantly reduce use of storm overflow.

"The investigation will consider both current and past performance and reflect on the steps companies are now taking in deciding if and what action is needed," Black added.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

United Utilities Market Data

Currency UK Pounds
Share Price 1,022.50p
Change Today -20.00p
% Change -1.92 %
52 Week High 1,125.00p
52 Week Low 958.80p
Volume 2,070,450
Shares Issued 681.89m
Market Cap £6,972m
RiskGrade 118

United Utilities Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
69.48% below the market average69.48% below the market average69.48% below the market average69.48% below the market average69.48% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average
Price Trend
3.65% below the market average3.65% below the market average3.65% below the market average3.65% below the market average3.65% below the market average
14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average
Income
0.13% above the market average0.13% above the market average0.13% above the market average0.13% above the market average0.13% above the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Growth
82.45% below the market average82.45% below the market average82.45% below the market average82.45% below the market average82.45% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 8
Sell 1
Strong Sell 0
Total 13
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

United Utilities Dividends

  Latest Previous
  Final Interim
Ex-Div 20-Jun-24 21-Dec-23
Paid 01-Aug-24 01-Feb-24
Amount 33.19p 16.59p

Trades for 31-Oct-2024

Time Volume / Share Price
16:39 8,703 @ 1,022.50p
16:39 1,123 @ 1,022.50p
16:39 1,053 @ 1,022.50p
16:35 1,820 @ 1,022.50p
16:35 1,153 @ 1,022.50p

United Utilities Key Personnel

Chair David Higgins
CFO Phil Aspin
CEO Louise Beardmore

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