- Water supplier United Utilities booked a 7.7% rise in first-half profit as it grew regulated revenue and its financing expenses fell.

Pre-tax profit for the six months through September rose to £212.5m, as revenue rose 4.6% to £916.4m.

Underlying profit, which stripped out movements in the value of assets, rose 23% to £196.9m.

United Utilities declared an interim dividend of 13.76p, up 3.9% on-year.

'We have responded well to the challenges brought about by the impact of more variable weather and have created a platform for continuing strong operational performance,' chief executive Steve Mogford said.

'We will continue to provide a great service to our customers and create long-term value for all of our stakeholders.'

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