1028 GMT - United Utilities reported solid results, and the company is now awaiting the announcement of the U.K. water regulator's 2024 price review next month, RBC Capital Markets analysts write in a note. The U.K. water utility logged an operating profit slightly ahead of a Visible Alpha-provided consensus, while confirming its full-year guidance. "Winter will be important for getting full clarity on operating expense for fiscal 2025 results, however the key focus in the sector is clearly on the final determination announcement for PR24 on Dec. 19." PR24 will set the price controls for water and sewerage companies for 2025 to 2030. Shares are up 2.8% at 10.78 pounds. (christian.moess@wsj.com)
(END) Dow Jones Newswires
November 14, 2024 05:28 ET (10:28 GMT)
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