Northumbrian Water: Revenue nears £1bn as supplier returns to profit August 28, 2024 Revenue at Northumbrian Water jumped towards £1bn as the supplier returned to the black during its latest financial year. The Durham-headquartered company has reported a revenue of £952.4m for the year to 31 March, 2024, up from the £899.9m it posted for the prior 12 months. Newly-filed accounts with Companies House also show the business [...]
Thames Water: Ofwat hunt for independent ‘monitor’ already under way August 23, 2024 Ofwat’s search for an independent ‘monitor’ who will report on Thames Water’s progress and have access to company information is already under way, City A.M understands. The new appointment is part of a string of new measures that Thames has signed up to in order to avoid a hefty fine for breaching its licence conditions, [...]
Water regulator welcomes plan to boost customer compensation August 12, 2024 The water industry watchdog has said it “welcomes” the government’s plan to increase compensation for customers receiving poor services from water companies.
Moody’s slaps Thames Water’s debt with ‘junk’ rating July 24, 2024 Moody’s Ratings has lowered Thames Water’s highest tranche of debt to 'junk' in another blow to the struggling water firm.
Severn Trent given top environmental rating by regulator that just fined it £2m July 23, 2024 The Environment Agency has awarded Severn Trent the highest possible rating for its environmental performance despite having just fined the water company £2m for a sewage discharge that it said could have caused "catastrophic pollution".
King’s Speech: Ofwat will get new powers to tackle rogue water firms July 17, 2024 Ofwat will be granted fresh powers to ban bonus payments to water firm executives, who could also be held criminally liable for lawbreaking, according to a new bill outlined in the King’s Speech today.
Thames Water: London bills to rise by £99 in fresh Ofwat proposals as company placed in ‘turnaround’ regime July 11, 2024 Ofwat, the UK's water regulator, has set out a record £88bn spending package that would see Londoders' bills go up by an average of £99 in the next five years excluding inflation.
The Notebook: A key test for Labour? Dealing with the water industry June 24, 2024 There are many unknowns for the next government, but one thing's for sure, Labour will have a tough time sorting out the water industry.
Anglian Water: Price rises see revenue jump as shareholders handed bumper payday June 11, 2024 Price increases helped revenue at Anglian Water increase to £1.6bn as it plans to hand shareholders a payday of almost £90m, new figures have revealed.
Pennon hands boss near £300,000 bonus despite pollution record June 10, 2024 British water company Pennon has named David Sproul as chair designate, and he will succeed Gill Rider who will retire from the board next month, the firm said on Monday.
