United Utilities shares slide 2.78% in weak London market
Updated
Updated · MarketWatch · May 1
United Utilities shares slide 2.78% in weak London market
12 articles · Updated · MarketWatch · May 1
The stock closed at £14.17 on Friday as the FTSE 100 fell 0.14% to 10,363.93.
United Utilities underperformed the broader market and finished 5.38% below its 52-week high of £14.97, reached on 30 April.
Trading volume was 1.6 million shares, below the 50-day average of 2.1 million, indicating lighter-than-usual activity during the decline.
With share prices tumbling after a regulatory boost and equity raise, is the market signaling deeper worries about the future of UK water utilities?
How will United Utilities’ expanded spending and new jobs impact customer bills and long-term service quality, given the sector’s history of underinvestment and public distrust?