United Utilities (LON:UU) ends up only 1.8% over April issue price ahead of pay vote
United Utilities Group PLC closed up 2.53% at 1,336p after London trading, outpacing the UK market. The move doesn’t change much for shareholders—shares are just 1.8% higher than the price of the new equity sale from two months back. Thursday’s move just took the shares back over the April funding price, rather than pushing out ahead. The stock had finished at 1,303p on Wednesday, under the 1,312p placing level. The 33p jump added around £245 million in market value, based on Hargreaves Lansdown’s 742.86 million shares outstanding.