Cautious Optimism Ahead of Ofwat's Final Regulatory Proposal -- Market Talk

Dow Jones

Dec 06, 2024

1009 GMT - Investors' focus will be on the return on regulatory equity when the U.K. water regulator publishes its final regulatory proposal for U.K. water companies on Dec. 19, Jefferies analysts say. The analysts are cautiously optimistic for the sector. They expect the update to show higher regulated returns alongside a favorable framework on incentives and cost allowances, they write in a research note. With this, they downgrade their share ratings on Severn Trent and United Utilities to hold from buy, arguing the risk-reward looks more balanced for both companies, implying less upside. Shares in Severn Trent are down 2.3% at 26.80 pounds, while UU shares trade 1.9% lower at 11.08 pounds. (christian.moess@wsj.com)

(END) Dow Jones Newswires

December 06, 2024 05:10 ET (10:10 GMT)

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The analysts are cautiously optimistic for the sector. They expect the update to show higher regulated returns alongside a favorable framework on incentives and cost allowances, they write in a research note. With this, they downgrade their share ratings on Severn Trent and United Utilities to hold from buy, arguing the risk-reward looks more balanced for both companies, implying less upside. Shares in Severn Trent are down 2.3% at 26.80 pounds, while UU shares trade 1.9% lower at 11.08 pounds. (christian.moess@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 06, 2024 05:10 ET (10:10 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cautious Optimism Ahead of Ofwat's Final Regulatory Proposal -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCautious Optimism Ahead of Ofwat's Final Regulatory Proposal -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-12-06 18:10</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1009 GMT - Investors' focus will be on the return on regulatory equity when the U.K. water regulator publishes its final regulatory proposal for U.K. water companies on Dec. 19, Jefferies analysts say. The analysts are cautiously optimistic for the sector. They expect the update to show higher regulated returns alongside a favorable framework on incentives and cost allowances, they write in a research note. With this, they downgrade their share ratings on Severn Trent and United Utilities to hold from buy, arguing the risk-reward looks more balanced for both companies, implying less upside. Shares in Severn Trent are down 2.3% at 26.80 pounds, while UU shares trade 1.9% lower at 11.08 pounds. (christian.moess@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 06, 2024 05:10 ET (10:10 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"STRNY","symbol_name":"Severn Trent PLC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2489291404","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2489291404","pubTimestamp":1733479800,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1009 GMT - Investors' focus will be on the return on regulatory equity when the U.K. water regulator publishes its final regulatory proposal for U.K. water companies on Dec. 19, Jefferies analysts say. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"STRNY":"Severn Trent PLC","BK4172":"水公用事业","UUGRY":"United Utilities Group PLC"},"translate_title":"Ofwat最终监管提案前持谨慎乐观态度——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UUGRY":0.9,"STRNY":0.9},"content_text":"1009 GMT - Investors' focus will be on the return on regulatory equity when the U.K. water regulator publishes its final regulatory proposal for U.K. water companies on Dec. 19, Jefferies analysts say. The analysts are cautiously optimistic for the sector. They expect the update to show higher regulated returns alongside a favorable framework on incentives and cost allowances, they write in a research note. With this, they downgrade their share ratings on Severn Trent and United Utilities to hold from buy, arguing the risk-reward looks more balanced for both companies, implying less upside. Shares in Severn Trent are down 2.3% at 26.80 pounds, while UU shares trade 1.9% lower at 11.08 pounds. (christian.moess@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 06, 2024 05:10 ET (10:10 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}