United Utilities has taken off today after the water company cut its dividend by less than expected to meet the requirements of the industry regulator's price review.It will rebase the dividend to 30p a share for fiscal 2010/11 from 34.3p this year. Experts had thought it might fall by 20-25%.Severn Trent, which announced a 'one-off' cut of 10p in its dividend on Tuesday, is also higher, giving Gas, Water & Multiutilities a big lift.On the downside, comments from Barclays chairman Marcus Agius about the 'tsunami of regulatory pressure, public pressure, opinion pressure and political pressure' facing the financial services in general, and banking in particular, had banks in the red. Standard Chartered, Royal Bank of Scotland and Lloyds, which has said today a further 585 jobs will disappear, joined the decline.Top performing sectors so far todayForestry & Paper 4,009.10 +1.61%Travel & Leisure 4,279.90 +1.61%Gas, Water & Multiutilities 4,213.99 +1.58%Beverages 8,113.19 +1.51%Pharmaceuticals & Biotechnology 9,086.79 +1.49%Bottom performing sectors so far todayMining 21,419.43 -2.17%Industrial Metals 4,803.60 -1.05%Personal Goods 10,869.34 -1.05%Banks 4,713.92 -0.93%Construction & Materials 3,548.03 -0.86%