Market Round-up: United Utilities may have angered customers with news that they could face a hosepipe ban but the company has found one fan at least: Credit Suisse... more
Market Round-up: The adventures of Cairn Energy in Greenland are kicking off, providing relief to some investors who feared the Gulf of Mexico disaster might force the campaign to be delayed... more
An interesting and enjoyable lunchtime seminar session on “long finance” at risk manager and insurance broker Willis was marred by a couple of bizarre musical interventions... more
Shares in United Utilities surge as it says it will cut dividends by a smaller-than-expected 12.5 per cent next year in spite of a tough ruling from the regulator on price curbs... more
Shares in Royal Bank of Scotland plunged to their lowest since April, with trading briefly halted, as a triple-whammy of worries sparked a sell-off... more
City folk gave a hesitant thumbs-up to the water industry regulator's new five-year pricing formula which has kept prices flat — but at least one big hitter is cautious about the prospects for utilities next year... more
Water giants Severn Trent and United Utilities are set to be hit so hard by this week’s Ofwat price review that they will have to slash their dividends by a fifth... more
Given all the rain that has fallen during the past few days, it seems strange that shareholders of the main water utilities are bracing themselves for something of a drought as far as their fortunes are concerned in the years ahead ... more
Goldman Sachs is the latest broker to warn of future dividend cuts following publication of the water industry regulator Ofwat’s draft tariff proposal for the next five years ... more
Water supplier United Utilities said it would keep paying dividends at the rate investors expect, one day after the industry regulator threatened to clamp down on price rises ... more
London’s leading shares resumed their unusual summer rally after an early-morning wobble today, and were heading for a tenth straight day of gains... more
The water regulator today signalled the end of the good times for the water companies as an unexpectedly tough price-cap decision by Ofwat sent utilities shares tumbling ... more
Take a moment to raise a glass to Philip Green - not the High Street billionaire retailer but the man who runs United Utilities, the UK's largest listed water company, which owns, operates and maintains utility assets including water, wastewater, electricity and gas.... more
United Utilities lost 20p to 616p today after falling out of favour with City big-hitter Goldman Sachs, much to the dismay of some of our biggest pension funds which rely on its generous dividend policy... more
Afternoon:
8°c
