1105 GMT - Water utilities are struggling to keep anyone happy, AJ Bell's Russ Mould writes in a note. "Both Pennon and United Utilities, which announced its own bumper investment plans, are also looking to grow their dividends in line with inflation through to 2030," Mould says. This will likely get a negative reaction from households facing higher bills. However, these companies also need market cooperation to meet their current and future commitments, he says. After years of poor performance, these companies have little margin for error left, he adds. United Utilities Group and Pennon Group shares are up 1.9% and 4.5% at 999.20 pence and 538.50 pence, respectively.(najat.kantouar@wsj.com)
(END) Dow Jones Newswires
January 29, 2025 06:05 ET (11:05 GMT)
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