United Utilities tipped for profit

United Utilities Group, the UK’s largest listed water company, expects a good performance for the fiscal year ending 31 March due to the low cost of financing. Chief executive, Philip Green, said Britain’s largest publicly traded water company continues to benefit from a robust financing position, having headroom to cover projected financing needs through early 2012. The company is tipped for a £490m profit and capital expenditure is expected to total over £600m for the year.