Quilter analyst says UK water nationalization risk persists as Labour lifts public-ownership ban

Bitget2026/09/29 16:01

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Quilter analyst Phil Ross said UK utilities shares ended modestly lower during Andy Burnham’s Labour conference speech as policy uncertainty persisted.
Burnham confirmed plans to lift the ban on public ownership of water companies, keeping nationalization risk in focus for the sector.
Ross said state ownership remained a meaningful possibility for Thames Water, with a creditor plan still expected for Ofwat and government review.
He estimated equity costs plus required capex for a water industry acquisition could exceed GBP 200 billion, straining fiscal headroom.
Ross said the proposed GB Grid would likely have limited impact, citing roughly GBP 70 billion of planned networks capex by SSE and National Grid.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Quilter plc published the original content used to generate this news brief on September 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Quilter analyst says UK water nationalization risk persists as Labour lifts public-ownership ban

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