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United Utilities

CFD on the United Utilities Group PLC (UU.L) stock quote.

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Product Type: Stock CFDMarket: LSE
Sector: UtilitiesIndustry: Utilities
Country: United KingdomCurrency: USD
Trading Hours: According to marketMeasurement Unit: Shares
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Description:

United Utilities Group PLC (UU) is the largest listed water company in the UK. It was founded in 1995 through a merger between North West Water and NORWEB. This followed the privatization of ten Regional Water Authorities in England and Wales in 1989. Through its subsidiary, United Utilities Water, UU manages the water network in North West England. It currently owns some 55,000 hectares of land surrounding its reservoirs. The company is listed on the London Stock Exchange and is a component of FTSE 100 index. Guidance from OFWAT in December 2017, the British regulator has recently affected water utilities which have not kept up with most companies record high share prices.
Interesting Facts:
  • The company currently has 5,300 employees
  • In 1998 UU was listed on the New York Stock Exchange, but decided to delist in 2007
  • The company also provides renewable energy through its solar installations and sludge treatment centres.