StockMarketWire.com - Northumbrian Water Group plc said trading had been in line with expectations for the period since October 1.

Second-half revenues and operating costs were expected to be similar to those for the first half.

Net interest for the year was expected to be around £20m higher than the previous year's level, due mainly to the impact of higher RPI on index-linked borrowings.

The group said the weather had caused delays in the capital investment programme at Northumbrian Water Limited. Group capital expenditure for the year, net of contributions, was now expected to be around £200m.

Discussions were continuing on a new £100m loan facility for NWL from the European Investment Bank and new facilities to replace the £125m of debt at Northumbrian Services Limited which matures in May.

Net debt was expected to be around £2.32bn at the March 31 year-end.

Results for the year will be announced on June 1.

Shares were down 0.6p at 296.1p.

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