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United Utilities sees hit to earnings from dry summer

Reuters - UK Focus

March 26 (Reuters) - Water supplier United Utilities on Tuesday said its operating earnings for the fiscal year would be impacted by costs stemming from dry weather in the summer of 2018 while saying it expected underlying profit to rise compared to the previous year.

The FTSE 100 company, which supplies water to 3 million homes and 200,000 businesses in the north-west of England, said trading was in line with its expectations for the year ending in March 31. (Reporting by Muvija M in Bengaluru; editing by Patrick Graham)