United Utilities

Ticker UU.

Today's data summary

Market open
% change
+0.71%
Price Pence
820.20
Change
+5.80
As of 12:50 22 Jan 2019
Market cap. Pound sterling
5,592.94 million
As of 12:50 22 Jan 2019

Latest updates

Engineers on scene at west Cumbria water main burst

United Utilities says its engineers are on scene at Muncaster castle where a watrer main burst earlier today, flooding the road and closing two schools in the area.

Tankers have been called in to put water into the system so most people who have been cut off by the burst will regain supplies shortly.

City water mains to be renewed (meaning more road works)

United Utilities has announced a huge scheme to put modern linings into water mains that are vital to Carlisle's water supply.

Warwick Road
Getty Images

Warwick Road, which carries much of the city centre traffic into Carlisle, also runs over the two large pipes that bring in much of the drinking water, and the company says that although lining the pipes will mean less digging of holes, there will be temporary traffic lights at times.

The engineers in charge are holding two customer drop-in sessions at the Sunset Suite at Brunton Park, home of Carlisle United, between 14:00 and 19:00 on Wednesday and Thursday this week, to explain the year-long project

  • Warwick Road has been congested for several months this year by major changes at the junction with Eastern Way.

Water firm says MP's attack not right on drains

Martin Lewes

Reporter

United Utilities has responded to attacks in the House of Commons from a government minister and a Cumbrian MP, by saying guidelines were misunderstood.

The Westmorland and Lonsdale MP Tim Farron said that water and drainage firms built to take account of storms that might occur just once in 30 years, while the Environment Agency worked to one in 100 year probabilities.

But a spokesman for United Utilities said the measurements related to different events, the drainage guideline being related to the intensity of rainfall, and the flood alleviation related to river levels.

A spokesman said larger drainpipes might not perform well under normal conditions: "Flooding is a complex issue that is most effectively tackled when all drainage agencies work together."

Gove answers Cumbrian MP in 'better storm drains' plea

The Cumbrian MP Tim Farron has asked the government to force water companies to upgrade storm drainage.

Tim Farron
BBC

Mr Farron said the Environment Agency built flood defences to deal with floods that should only happen once every 100 years, but water companies like United Utilities worked to a one in 30 year standard.

That means that we could be at the mercy of drain waters while being protected from rivers."

Tim FarronMP for Westmorland and Lonsdale

Mr Farron asked Michael Gove to force the water companies to do more.

The Secretary of State said he would, although he did not promise to raise the standard..

We will do everything we can to make sure communities are protected at Water companies like United Utilities live up to their responsibilities."

Michael Gove

Gas firm says sorry after Ulverston jams

One of the utility companies blamed for long delays last week says it had hoped to finish the work over a weekend, but some material didn't set in time.

There were long delays on the A590 through Ulverston earlier this month as new homes were connected to water and gas supplies.

cadent van
Cadent

Ulverston Town Council will now consider asking ministers to tighten the rules to try to reduce congestion called by roadworks.

Kevin Hegarty from Cadent Gas, one of the companies involved, spoke on BBC Radio Cumbria this morning.

We had to make sure that everything had dried and set, that hadn't happened by the rush hour so real apologies for that, it hadn't been the intention."

We can't have gas workers and water workers and electricity workers trying to work in the same hole, it just isn't safe."

Paul Hegarty

Repairs and new batteries spark new electric bus service for Alston

An electric bus to help people get around Alston is due to start operating by December.

The vehicle was originally bought by Alston Moor Business Association, but money was needed for maintenance and to replace its batteries.

Bus with David Hymers of AMBA, Ian McCoy of United Utilities and Guy Harmer of AMBA
United Utilities

United Utilities offered to donate £3,500 towards the project after disruption in Alston while it renewed water mains there earlier this year.

It's hoped passengers will be able to travel by bus from the South Tynedale Railway at the foot of the town, up the cobbled “Front Street” to the car park at the town’s highest point, and then back via all the main stopping points. It's also expected to be used by community groups.

United Utilities dry weather spend

BBC Business News

United Utilities, which had planned to bring in a hosepipe ban during the UK heatwave but later announced the need had been averted, will spend another £80m during this financial year to "safeguard continuity of supplies".

The firm supplies about 3.2 million properties including in Cheshire.

Tap filling glass
Getty Images

"Earlier this year, the UK experienced a prolonged period of extreme hot and dry weather resulting in exceptional demand from customers," the company said in a trading update.

It said revenues for the first half of the year - the results are due on 21 November - would be higher.

The costs for the hot weather are to be treated as an "adjusted item" and underlying profit in the first of 2018-19 will be be higher than the first half of 2017-18.

United Utilities dry weather spend

glass of water
Getty Images

United Utilities, which had planned to bring in a hosepipe ban during the UK heatwave but later announced the need had been averted, will spend another £80m during this financial year to "safeguard continuity of supplies".

"Earlier this year, the UK experienced a prolonged period of extreme hot and dry weather resulting in exceptional demand from customers," the company said in a trading update.

It said revenues for the first half of the year - the results are due on 21 November - would be higher.

The costs for the hot weather are to be treated as an "adjusted item" and underlying profit in the first of 2018/9 will be be higher than the first half of 2017/8.