United Utilities increases profit by more than £100m as it seeks more bill rises

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United Utilities increases profit by more than £100m as it seeks more bill rises
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Bills have been on the up since April 2023 which has helped the water company for the northwest of England grow revenues to more than £1bn.

Water company United Utilities has reported hundreds of millions in profit as it seeks to further increase customer bills. The utility serving seven million customers in the northwest of England recorded £335.7m in underlying operating profits for the first half of this year, up nearly 23% from £271.1m a year ago. It comes as the firm has requested bills rise 32% to make them among the most expensive in England and Wales.

1m for the six months to the end of September 2024, both lower than a year earlier. Boss's pay Bonus and benefits payments worth £1.416m were paid to two executives on top of £1.128m in base pay, according to analysis of company filings done by the Liberal Democrats. It's down compared with 2022/2023 when three executives were given £1.6m in base pay and £2.456m in bonuses and benefits. Read more:Water giant United Utilities strikes £1.

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