United Utilities Rises Again With Thames Water in Focus
United Utilities shares rose 1.76% to 1,329 pence in London at 14:01 BST Tuesday, valuing the company at about £9.88 billion. The move followed weak UK labour data, which eased concerns over an imminent Bank of England rate hike. Investors weighed the company’s £800 million share sale and expanded infrastructure plan against ongoing political risk in the water sector.