United Utilities Group PLC’s £800 Million Raise Puts Its £11.5 Billion Water Plan in Focus
United Utilities Group PLC has pulled in roughly £800 million, tapping investors via a placing, retail offer and director subscription. The new cash injection hands the North West England water firm extra equity, backing its expanded investment plan—now at around £11.5 billion through 2030. United Utilities set the price for 60.98 million new shares at 1,312 pence apiece, with trading set to begin May 5. This matters: the deal shifts United Utilities’ upgrade effort from talk to actual funding. The company is chasing extra water and wastewater capacity—needed for new housing, data centers, clean-energy sites—while making its case to regulators and investors that it can bankroll growth and still keep leverage within the 55%-65% target band.