UK set to face ‘sluggish’ growth in the face of sticky inflation and Bank of England interest rate hikes
Ed Warner: Forget WrestleMania, Super Bowl or the Olympics – London mayor should seek hefty portfolio of sporting events
Ofwat: Thames Water has ‘significant issues to address’ as industry pays £1.4bn to shareholders October 26, 2023 Water regulator Ofwat has named the four worst performing water companies, with troubled Thames Water among those being urged to address big holes in their finances. Ofwat, which oversees the water sector in England and Wales, said Thames Water, Southern Water, SES Water and South East Water need to deliver a turnaround in their financial [...]
Ofwat boss fails to rule out more supplier struggles after Thames Water woes July 5, 2023 Water suppliers will not be allowed to rack up debts and underinvest again following Thames Water’s financial troubles, Ofwat vowed yesterday.
Ofwat boss fails to rule out more supplier woes after Thames Water troubles July 5, 2023 Water suppliers will not be allowed to rack up debts and underinvest again following Thames Water’s financial troubles, the boss of industry watchdog Ofwat vowed yesterday. Chief executive David Black told the House of Lords yesterday that it can now “stop dividends” and “lock cash coming out of companies” if water firms are not in [...]
Water firms struggle with pollution incidents, says damning Ofwat report December 8, 2022 Serious pollution incidents have increased this year, revealed Ofwat in a collection of highly critical reports on the water industry.
Ofwat clampdown on water exec bonus pay: Brits will NOT foot bill if performance targets missed March 30, 2023 Customers will not have to fund bonus payments if suppliers fail customer and environmental performance targets.
Ofwat to focus on credit ratings as it defends lack of debt limits for water suppliers December 2, 2022 Boosting the financial resiliency of each water supplier is more important than taming overall sector debt, argued Ofwat.
Darren Jones: Labour’s powerful business committee chair ‘sick’ of Ofwat failings amid Thames Water woes June 28, 2023 Darren Jones, the Labour MP who chairs the business and trade committee, has slammed Ofwat's regulation of the water industry.
Ofwat orders Thames Water and Southern Water to return £80m to customers November 15, 2022 Two of the UK's leading water companies will have to return more than £80m to customers, confirmed watchdog Ofwat.
Ofwat offers carrot and stick approach to water firms with £300m innovation fund December 13, 2022 Ofwat will raise the size of its innovation fund to £300m, as it looks to encourage companies to improve customer service.
Ofwat clamps down on dividend payments for water suppliers who won’t clean up their act March 20, 2023 Ofwat will be able to stop the payment of dividends if they risk the financial resilience of water companies.