- Water utility United Utilities said that chief operating officer Steve Fraser was leaving to become chief executive of Cadent Gas.

Fraser would depart later this year on a date to be confirmed.

'I would like to thank Steve for the significant contribution he has made to the operational progress we have made and for developing a strong and talented leadership team beneath him,' chief executive Steve Mogford said.

'He leaves us at a time when we are finishing this current five year regulatory period in a strong position and are well placed for the next, having received fast track status in Ofwat's assessment of our 2020-2025 business plan.'

At 10:08am: [LON:UU.] United Utilities Group PLC share price was +0.5p at 824.3p

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