The Guardian Australia – Business
·business
·2 hours ago
United Utilities shares surge 11% after raising £800 million cornerstone investment
United Utilities' share price surged 11% Thursday after the company raised £800 million and Australia's Future Fund bought a cornerstone stake, signaling investor confidence in the water utility. The company targets 10-11% equity returns and plans an additional £2.5 billion spending beyond agreed infrastructure investments, potentially driving 10% annual asset growth through 2030.
Summary by Glance · The Guardian Australia – Business
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