United Utilities Group PLC ADR (UUGRY)
United Utilities expects four-star environmental rating
United Utilities Group PLC (LSE:UU.) said it is highly confident that it will be awarded four-star status in the Environment Agency's annual Environmental Performance Assessment (EPA) for 2023 Confirmation is expected shortly, it said in a trading statement that added it was confident it would achieve four-star status in the 2024 EPA as well.
United Utilities top pick as US bank turns positive on water Cos
Top US bank JP Morgan has turned more positive on the water sector, suggesting that all of the headwinds are now in the prices of the listed utilities. Low regulatory visibility and expectations of less attractive proposed returns compared to electricity networks have been some of the u issues for investors, JP Morh gan believes the market underappreciates certain positives.
United Utilities bond issue snapped up despite Thames' woes
United Utilities is testing the market's appetite for water companies with the first bond issue since peer Thames' parent company defaulted on its debt last month. North West supplier sought £300 million due in through a long-term bond issue and received applications for double that amount Demand was more than £725 million with the interest rate coupon lowered to 115 basis points over UK gilts due to the demand.
