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UnitedUtilities


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United Utilities Says Included In Ofwat's Wastewater Investigation

BRIEF-United Utilities Says Included In Ofwat's Wastewater Investigation July 16 (Reuters) - United Utilities Group PLC UU.L : UNITED UTILITIES GRP - OFWAT WASTEWATER TREATMENT INVESTIGATION UNITED UTILITIES GROUP PLC - INCLUDED IN OFWAT WASTEWATER INVESTIGATION UNITED UTILITIES - CONTINUE TO WORK OPENLY AND CONSTRUCTIVELY WITH OFWAT UNITED UTILITI
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United Utilities, Severn Trent shares down on wastewater probe

UPDATE 2-United Utilities, Severn Trent shares down on wastewater probe Updates share move in paragraph 2, adds Thames Water's bond move in paragraph 4 July 16 (Reuters) - Shares in United Utilities UU.L and Severn Trent SVT.L fell on Tuesday after the UK's water regulator opened enforcement cases into them, as well as two others, as part of its ongoing probe into wastewater management.
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UK water firms United Utilities, Severn Trent fall on regulatory probe

UK water firms United Utilities, Severn Trent fall on regulatory probe July 16 (Reuters) - Shares in British water firms United Utilities UU.L and Severn Trent SVT.L fell after a water regulator on Tuesday opened enforcement cases into them, as well as two others, as part of its ongoing probe into wastewater management. United Utilities and Severn Trent were among the top percentage losers on the blue-chip FTSE 100 .FTSE index, falling about 1.5% and 1% respectively in early trading.
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Ofwat Announces Enforcement Cases Against 4 More Cos In Wastewater Treatment Investigation

BRIEF-Ofwat Announces Enforcement Cases Against 4 More Cos In Wastewater Treatment Investigation July 16 (Reuters) - OFWAT ANNOUNCES ENFORCEMENT CASES AGAINST FOUR MORE COMPANIES IN WASTEWATER TREATMENT INVESTIGATION OFWAT: SERVED FORMAL NOTICES ON DŴR CYMRU WELSH WATER, HAFREN DYFRDWY, SEVERN TRENT AND UNITED UTILITIES Source text for Eikon: [ID:
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Rising risk of UK's Thames Water being broken up, JPMorgan warns

UPDATE 1-Rising risk of UK's Thames Water being broken up, JPMorgan warns Adds detail and quotes from paragraph 4 By Marc Jones LONDON, July 15 (Reuters) - The financial future of Britain's biggest water firm , Thames Water , looks increasingly uncertain in the wake of new pricing and spending limits laid out by regulator Ofwat, according to investment bank JPMorgan.
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Rising risk of "disruptive outcome" for Thames Water, JPMorgan warns

Rising risk of "disruptive outcome" for Thames Water, JPMorgan warns LONDON, July 15 (Reuters) - The financial future of Britain's biggest water firm Thames Water looks increasingly uncertain, investment bank JPMorgan warned on Monday. Analysts at the bank said they were concerned that UK regulator Ofwat’s tough stance on financial resilience laid out last week may increase balance sheet risks in UK water sector and that Thames was now facing particular risks.
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UK water companies sign up to government reform plans, minister says

UK water companies sign up to government reform plans, minister says LONDON, July 11 (Reuters) - British water utilities have signed up to the government's initial package of reforms for the sector, environment minister Steve Reed said on Thursday after meeting with representatives from 16 companies. “After meetings with water bosses this afternoon, they have now signed up to my initial package of reforms as we work towards cleaning up our water, prioritising the interests of water customers a
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Britain builds moat around leaky Thames Water

BREAKINGVIEWS-Britain builds moat around leaky Thames Water The author is a Reuters Breakingviews columnist. The opinions expressed are his own. Updates to add graphic. By Neil Unmack LONDON, July 11 (Reuters Breakingviews) - Thames Water may yet fail, but the rest of the sector should be okay. That’s one way to read the latest edict by British water regulator Ofwat.
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UK water utilities up after Ofwat's bill increase boosts optimism

BUZZ-UK water utilities up after Ofwat's bill increase boosts optimism ** Shares of water utility companies climb as British water regulator Ofwat allows average bills to be raised by 21% ** Pennon, which also named Laura Flowerdew as new CFO , up 7.6% at 666p ** Severn Trent SVT.L up 3% at 2,694p; United Utilities UU.L up about 2.4% at 1,091.5p ** Regulator says for the next five years, companies will be able to increase average bills by 94 pounds ($120.87) ** The proposal from Ofwat was lower
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Europe edges higher before US CPI test

LIVE MARKETS-Europe edges higher before US CPI test STOXX 600 up 0.5% Eyes on CPI Wall St futures lower Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com EUROPE EDGES HIGHER BEFORE US CPI TEST Major European equity markets are up on Thursday, with most of the sectors in the green, as investors look ahead to U.S.
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UK water companies must improve without big bill rises, regulator says

UPDATE 4-UK water companies must improve without big bill rises, regulator says Ofwat sets average bill rise at 21% vs 33% requested Water UK says Ofwat investment proposal not enough Government sets out tighter regulation plans Adds sewage spills reduction in paragraph 9, Thames Water response in paragraphs 12-13 By Sarah Young and Paul Sandle LONDON, July 11 (Reuters) - Britain's regulator told water companies they needed to fix leaks and cut sewage spills without raising bills as much as they
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United Utilities To Review Draft Determination & Respond To Ofwat By 28 Aug

BRIEF-United Utilities To Review Draft Determination & Respond To Ofwat By 28 Aug July 11 (Reuters) - United Utilities Group PLC UU.L : DRAFT DETERMINATION NOW REVIEW DRAFT DETERMINATION AND WILL RESPOND TO OFWAT BY 28 AUGUST 2024 Source text for Eikon: ID:nRSK9994Va Further company coverage: UU.L
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UK's Ofwat proposes average water bill rise of 21%

UK's Ofwat proposes average water bill rise of 21% LONDON, July 11 (Reuters) - Britain's water regulator Ofwat said average bills would rise by 21% over the next five years, lower than asked by water companies, in an initial decision on the industry's future amid a sewage pollution crisis and funding problems at Thames Water. Reporting by Sarah You
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UK's under-fire water industry braced for regulatory showdown

UK's under-fire water industry braced for regulatory showdown Regulator to set out level of permitted bill increases Companies say bill hikes needed to upgrade infrastructure Critics argue companies have under-invested for decades By Sarah Young and Marc Jones LONDON, July 10 (Reuters) - Britain's under-fire water companies are braced for a reckoning when the industry's regulator on Thursday sets out the level of bill increases they will be permitted, amid public outrage over rising costs and wo
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JPM sees growth for UK utilities with investment boost, regulatory clarity

BUZZ-JPM sees growth for UK utilities with investment boost, regulatory clarity ** Shares in UK utilities .FTUB6510 up 0.5% at 727.3 pence vs FTSE 100 index .FTSE which is flat at 0.03% ** J.P. Morgan predicts continued growth for UK utilities with increase in investment and regulatory clarity ** Predicts rise in National Grid's NG.L and SSE's SSE.
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Labour win spells more regulatory clarity for UK utilities, JPM says

Labour win spells more regulatory clarity for UK utilities, JPM says July 5 (Reuters) - British utilities are expected to benefit from an increase in investment and regulatory clarity after the centre-left Labour Party's victory in the parliamentary election, analysts at JP Morgan said on Friday. The FTSE utilities index .FTUB6510 was up 0.6% by 0921 GMT, with gains led by British Gas owner Centrica CNA.L and power plant operator Drax DRX.L .
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British Business - July 3

PRESS DIGEST-British Business - July 3 July 3 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Chinese online retailer JD.com 9618.HK is exploring a bid for British parcel delivery company Evri, whose private equity owners are seeking to offload for about 2 billion pounds ($2.54 billion).
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UK water companies at risk of claims after Supreme Court sewage ruling

UK water companies at risk of claims after Supreme Court sewage ruling LONDON, July 2 (Reuters) - British water companies are at increased risk of lawsuits over pollution after a landmark ruling from the United Kingdom's Supreme Court on Tuesday, amid public outrage over discharges of raw sewage in Britain. The Manchester Ship Canal, which owns the Victorian-era canal in northern England, won an appeal that means it can sue United Utilities UU.L over discharges of water contaminated with untreat
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UK's United Utilities falls on concerns over legal claims

BUZZ-UK's United Utilities falls on concerns over legal claims ** Shares of UK water firm United Utilities UU.L down 2.3% to 963.8p ** Stock among top losers on London's FTSE 100 index .FTSE ** Manchester Ship Canal, which owns the Victorian-era canal in northern England, has won an appeal in UK Supreme Court that enables it to sue United Utilities
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FTSE 100 snaps five-week losing streak as inflation back to BoE's target

UPDATE 2-FTSE 100 snaps five-week losing streak as inflation back to BoE's target For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 down 0.4%, FTSE 250 off 0.3% Britvic surges after rejecting revised offer United Utilities up after JP Morgan upgrades to "overweight" B&M down after Morgan Stanley downgrades to "underweight" Updated at 1550 GMT By Pranav Kashyap and Shubham Batra June 21 (Reuters) - London stocks closed the week on
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