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United Utilities sees profit slightly higher

LONDON (Reuters) - United Utilities <UU.L>, Britain's largest listed water company, said its annual underlying operating profit is expected to be slightly higher than last year due to a tight rein on costs. The company, which will announce its full-year results on May 23, said it is trading in line with its expectations and will invest at least 750 million pounds in the year ending March 31, up from 680 million a year ago.

Household water bills set to rise by 3.5 pct in England, Wales

* Increase to come into effect from April 1 * Highest average bill still South West Water LONDON, Feb 5 (Reuters) - Household water and sewerage bills in England and Wales are set to rise by 3.5 percent or around 13 pounds ($20.46) over the next year, the water industry regulator Ofwat said on Tuesday. The increase will take into account an inflation rate of 3 percent and will mean a total average bill of 388 pounds in 2013-2014, the regulator said.
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