UK water utilities gain after water bills set to rise by 36%
Corrects last bullet to say share moves are YTD
** Shares of UK water utilities up after water regulator Ofwat allows bills to rise by 36% in the next 5 years
** Barclays considers today's final determination to be overall positive, even as the average increase of 36% before inflation is below the 44% average requested by companies
** Shares of FTSE 100 .FTSE constituents Severn Trent SVT.L up 1.2% and United Utilities UU.L up nearly 1% against the index's downward move of 1.1%
** SVT is the top pct gainer on FTSE 100
** Pennon PNN.L is up 2.1%; while its index FTSE midcap .FTMC is down 1.24%
** Barclays also picks PNN as the most "positively geared"
** As of last close, SVT rose ~7%, UU rose ~1%, while PNN fell ~20% YTD
Reporting by Yamini Kalia in Bengaluru
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