United Utilities cuts annual revenue outlook as costs, low consumption bite

(Reuters) – British water company United Utilities on Tuesday lowered its annual revenue forecast and said it expects a weaker half-year operating profit, weighed down by tepid consumption and higher costs.    The company forecast its first-half group revenue to be around 1% lower than year-ago figures due to lower-than-expected consumption by businesses.

(Reporting by Muhammed Husain in Bengaluru; Editing by Sherry Jacob-Phillips)