Home » News and Views » Ian Pollard – United Utilities #UU Ignores Dry Weather Costs

Ian Pollard – United Utilities #UU Ignores Dry Weather Costs

United Utilities Grp UU updates before its full years results are announced on the 23rd May that Group revenue is expected to be higher than last year, largely reflecting allowed regulatory revenue changes. and underlying operating profit for 2018/19 is also expected to be higher than 2017/18. Costs arising from the exceptional period of dry weather in the summer of 2018 are expected to have impacted reported operating profit but.It is intended to exclude these costs from the underlying profit measures. Amazing what accountants can get away with  these days. Never mind those costs Charles, just put them down to dry weather. In January Ofwat published the results of its annual company monitoring  which measures the quality and transparency of company reporting and the level of trust and confidence that customers and other stakeholders can place in it. United Utilities is delighted to claim that it has achieved the  highest category available.

Crest Nicholson Hldngs CRST announces for its AGM that as noted previously the business has faced challenges from lower customer demand in higher price areas, with ongoing political and macro-economic uncertainty. This is likely to continue as political uncertainty becomes more prevalent. Sales rates are however consistent with previous guidance and forward sales are  encouraging, with over 50% of our open market sales for the year, already secured.

A.G.Barr plc BAG is increasing its final dividend for the year to the 26th January by 7% having delivered what the Chief Executive regards  as another strong performance. Revenue has grown by 8% and 5.6% respectively over the past two years, markets are robust and the company continues to see continued growth opportunities.Basic earnings per share  fell by 2.3% and profit before tax rose by 2,5% A significant increase in volume share was obtained  within the total UK soft drinks market.

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