United Utilities – Inflation, Legislation Threaten Profits
United Utilities Group PLC (LON:UU)’s revenue in the first six months of the year is forecast to rise 4% compared to last year. This reflects higher consumption as more people work from home and businesses resume operations following lockdowns, only partially offset by regulatory revenue reduction. Q2 2021 hedge fund letters, conferences and more Coupled with cost-saving initiatives this should lift underlying operating profit, though it will be somewhat offset by inflationary pressure. This doesn’t include a £380m one-time tax charge due to new tax legislation. The group expects a small incre...