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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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United Utilities Spends £993m in First Half
United Utilities has spent £993.2m on regulated capital projects in the first half and expects to deliver more than £2bn this year, but the shares were little changed, and the cost showed up in earnings and debt.
United Utilities (LON: UU.), the water and wastewater group, said more than £2bn of capital investment will be delivered this year, with £993.2m already spent in the first half. The shares barely moved on the half-year results.
The stock stood at 1,546p in a delayed quote at 08:45 London time, up 0.39% on yesterday’s close of 1,540p. That leaves it below its 52-week high of 1,584p, set intraday last Thursday.
UU.LSE
The results, published at 7am today, showed net regulatory capital expenditure up 74.7% to £993.2m, from £568.5m a year earlier. Chief executive Louise Beardmore set out the scale of the programme.
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Our capital investment will grow significantly, with more than £2 billion being delivered this year as part of our largest ever five-year programme.
Louise Beardmore, chief executive, United Utilities
Beardmore said the programme is on track and fully funded, supported by financial performance and the £800m of new equity raised in April.
That raise issued 60,975,610 new shares, and it explains the cost to shareholders. Underlying earnings per share were 56.3p, against 57.2p a year earlier on a pro forma basis, a fall of 1.6%. As originally reported, the prior-year figure was 52.8p. Net debt rose to £9,805m from £9,610m, with gearing at 56%, inside the company’s 55% to 65% target range.
Net regulatory capex in the six months to 30 September rose from £568.5m to £993.2m, according to United Utilities’ half-year report.
The spending feeds the asset base on which the company earns regulated returns. Regulatory capital value rose 9.5% to £17,492m. Underlying operating profit was £578.7m, up 6.9% on a pro forma £541.6m, and revenue rose 11.7% to £1,462.0m.
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The interim dividend rises 3.5% to 18.51p, with the ex-dividend date on the 17th of December and payment on the 1st of February. For the 2027 financial year, the company points to a dividend of 55.54p and asset base growth of about 10%.
One item remains unresolved. Proactive Investors reports that an Ofwat enforcement case over wastewater is still pending, with a possible penalty of about £150m, equal to 10% of relevant wastewater turnover. The company has made no provision for it.
The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.
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