EVPorated
26 May 2016
Share price fall UU is the only company that has reported this week, whose shares have subsequently suffered a fall. Clearly the market is unhappy with the performance and looking forward seems to have low confidence in any marked improvement. Looks like a change is needed to create some confidence
EVPorated
26 May 2016
Re: profits "Underlying profit after tax was £325 million, down £29 million".
turkey10
26 May 2016
Re: Strike looming - pensions The UU pension fund is in a very healthy position with a surplus of 275 million. It's a very well run company.
Hardboy
26 May 2016
Re: Strike looming - pensions Of all the people who complain about the Government or companies doing something to reduce their pension commitments, I have never heard one complain about having a longer life expectancy!
Happy Rabbit
26 May 2016
Re: profits EVP,Profit this year £397.5m. Last year was £271.2mWhat's the problem?Regards,
frog in a tree
26 May 2016
Re: Strike looming - pensions I might add that those that call for an end to so-called "gold plated pensions" are those that do not work for the company whereas those that are in receipt of the pensions do.As a shareholder in UU, I am in favour of the company rewarding its workers well. The calls for reduced pensions benefits are self-defeating since if retired workers are impoverished then it is the tax payers that will pick up the tab.Pension cuts are part and parcel of a business culture that sees nothing wrong in offshoring profits the avoid tax.The voice of reason,F
EVPorated
26 May 2016
profits "Profits up", either someone is lying or I am a fool. I see profit down by 9%.
EVPorated
26 May 2016
"Profits up", either someone is lying or I am a fool. I see profit down by 9%.
Hardboy
23 Mar 2016
Beaufort Securities' View United Utilities (UU..L <[link] , 913.0p) - BuyYesterday, United Utilities Group released a trading update for the year ended 31st March 2016 (FY 2016). The group’s revenue is expected to register marginal gains in FY 2016, with underlying operating profit meeting management expectations, albeit lower than that recorded for FY 2015. Reported operating profit would be impacted by additional costs and asset impairments incurred in relation to unprecedented flooding incidents in December 2015. The group expects higher debt at the end of the period than that recorded on 30th September 2015. The group expects a regulatory capital investment, including infrastructure renewals expenditure, of about £800m in FY 2016. The group has signed a joint venture (JV) agreement with Severn Trent to merge their non-household water and waste water retail businesses. United Utilities would declare its full-year results for FY 2016 on 26th May 2016.Our view: United Utilities expects its performance to be in line with expectations. The company reported higher revenues as a higher-than-expected volumes and a rise in sales of its non-regulated business offset the lower allowed regulated revenue for 2016. To enhance its asset base, United Utilities continued to make investments, leading to a slightly higher debt. Gearing remains within the target range of 55–65%, supporting a solid A3 credit rating for United Utilities Water. The group continued to improve customer satisfaction; its service incentive mechanism (SIM) scores slightly improved than those recorded last year. The signing of a JV agreement between United Utilities and Severn Trent would lead to synergies to provide efficient and cost-effective operations focused on better customer service and growth. We believe United Utilities offers attractive, long-term growth prospects, considering its extensive investment plans and partnerships. In view of the argument mentioned above, we retain a Buy rating on the stock.
Tricky_Dicky
29 Feb 2016
Re: Not a clue Most blue-chips offer a performance-related bonus scheme these days and it seems to be a two-edged sword, if the project you are on is doing badly and you are lower in the pecking-order you may get very little, if anything.A few may do better if they get on with the line manager and enjoy the branch politics, or are naturally very talented.
EVPorated
19 Feb 2016
Re: Not a clue As an ex UU employee I know for a fact that bonus up to 25% is paid, I only got 15% but those above me got more.
great bull
05 Feb 2016
Not a clue Some people posting on here don't have a clue, managers getting 25% bounus on top of their basic salary? I don't think so,what's happening is the company trying to take advantage of a long dip in the market, also people spouting no one wants administer the pension is quite laughable, the pension scheme has not long since won an award for being one of the best administered in the country, please get your facts correct before posting total rubbish on here.
turkey10
04 Feb 2016
Re: strike called off Nearly every employer is ending final salary pensions. Already gone from Local Government. It's not even possible to find someone to administer one these days. So staff at UU will have to come in line. But UU has a good reputation as an employer.
EVPorated
04 Feb 2016
Re: Strike looming My experience of UUW is that wages are high in comparison with those available locally, and particularly for managers. It needs to be remembered that all employees are on bonus with managers getting 25% of basic on top of an already high salary. It is little wonder that UUW has one of the highest cost to serve ratios in the industry. I reckon all that is just right for anyone wanting to buy a business that can be substantially improved by a vigorous shakedown, and that would include dealing with the gold plated pension scheme.
great bull
03 Feb 2016
Strike looming Unite and unison have called off the strike, the company have taken the proposal to change the final salary pension off the table till facts and figures emerge about ongoing costs, but GMB still want industrial action, the feeling at UU at the moment is that the average worker is getting down trodden while the managers have the snouts in the trough.
