UK braces for higher operating costs
- From: Vol 9, Issue 6 (June 2008)
- Category: General
- Region: Europe
- Country: United Kingdom
- Related Companies: Deutsche Bank, Merrill Lynch, Northumbrian Water, Ofwat, Thames Water and United Utilities
The latest round of results show that the remaining quoted UK water companies continue to be profitable. The threat of higher operating costs could spell leaner times ahead.
The shadow of the next - and inevitably tougher - five-year pricing review hung over the full-year results announcements of the four remaining publicly quoted UK water and sewerage companies in early June.
Although all four reported profit increases for the past year on the back of the latest round of tariff increases they can impose under the present pricing review, a ...
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