United Utilities has issued a profit warning after being hit by lower consumption and higher costs.
The North West water company added that its half-year revenue is now forecast to be about 1% lower than for the same period in 2021. It also said its full-year revenue is also expected to be lower than previous guidance.
United Utilities posted a revenue of £932.3m for the six months to September 30, 2021, while its full-year revenue, for the 12 months to March 31, 2022, was £1.9bn.
