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United Utilities sales on the up

TIP UPDATE: Sales rise in line with inflation, but underlying profits are expected to fall in the second half of the year for Britain's largest listed water utility
March 26, 2012

United Utilities reported full-year sales were up 3 to 4 per cent and management says the group is on track for a good financial performance.

IC TIP: Buy at 602p

Underlying operating profits are expected to be lower in the second half and full-year regulatory capital expenditure will be up to £700m.