United Utilities shares gain on persistent talk of possible interest from infrastructure funds
United Utilities [LON:UU] shares gained 2.5% yesterday, 6 April on persistent talk of possible interest from infrastructure funds, the Financial Times reported. The newspaper’s market report section did not cite a source for the speculation.
The article noted that the volume of United Utilities shares traded yesterday was the highest since December.
United Utilities’ share price closed 23.0p up at 929.5p in London yesterday, giving the UK-based utility company a market capitalisation of GBP 6.33bn (EUR 7.83bn).
Financial Times
FT - United Utilities gained 2.5 per cent to 929.5p on the highest daily volume since December. Dealers retreaded persistent speculation that it might be a target for infrastructure funds.