Water Company Stocks Rally as Regulator Greenlights Price Hike
Thursday, 11 July 2024, 21:20
Water Firms' Stock Rally
Shares in water companies experienced a surge following regulatory approval for price increases.
Positive Investor Sentiment
Investors responded favorably to Ofwat's decision, with competitors such as Severn Trent, United Utilities, and Pennon witnessing notable stock price gains.
- Severn Trent: Up by 3.7%
- United Utilities: Added 2.6%
- Pennon: Surged by 9.7%
The market's reaction suggests confidence in the sector's growth potential.
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