United Utilities on track for year

Suzie Neuwirth

UNITED Utilities said that trading is in line with expectations, ahead of the FTSE 100-listed utility firm’s annual meeting later today.

Capital investment, including infrastructure renewals expenditure, is expected to be around £800m.

Group net debt has edged down to £156m.

“The business will continue with its strong focus on customer service through sound operational performance and sees plenty of opportunities for further improvements,” said United Utilities.

The company’s shares were up 0.3 per cent to £7.20 at 09.39 GMT.