United Utilities

United Utilities Water Finance PLC has admitted a €75m fixed-rate bond with a 3.75% coupon and maturity in 2034 to trading on the Main Market in London. The securities will be consolidated with existing tranches of the same series, raising the outstanding amount of that series to €1bn. The bond is secured by an unconditional guarantee from United Utilities Water Limited and was issued under a €12bn EMTN programme. » More on de.investing.com

Ofwat has provisionally supported the bulk of United Utilities' request for a 2026 cost adjustment, including approved funding of around £975m. The company remains on track to deliver about £2.5bn of investment under the AMP8 reopener clause and maintains an AMP8 capital framework of around £11.5bn. United Utilities expects annual RCV growth of roughly 10% through 2030, is targeting a regulatory return of 10–11% and plans a gearing ratio of 55–65%; Ofwat requested additional evidence for some projects, with a consultation due by 24 September 2026 and a final decision in December 2026. » More on de.investing.com

United Utilities paid chief executive Louise Beardmore £2.5m, including a £435,000 annual allowance and a 16% salary rise, even as a government ban on undeserved bonuses targets poorly performing water companies. Analysis of 14 major water firms shows total reported pay for CEOs and CFOs rose to £25.3m, with firms using retention payments and non-performance awards to sidestep the ban. The revelations come amid public anger over rising bills, pollution and drought measures, and Ofwat will confirm which firms face the ban later in the autumn. » More on theguardian.com