Is the government right to ban water company bonuses? Business It is safe to say the water industry is not in the government’s good books. Decades of underinvestment and mounting debt have led to a sewage spill crisis, sparking immense public outrage. Thames Water, the UK’s largest water supplier, has come to symbolise the sector’s woes as it teeters on the brink of administration. US [...]
Anglian Water gets £500m boost after criminal investigations Business Anglian Water has received a £500m boost from its shareholders just days after it was revealed it is facing a raft of criminal investigations. The company, which operates in the East of England, is owned by the Osprey Consortium which is made up of Canada Pension Plan Investment Board, Colonial First State and Industry Funds Management. [...]
Record 81 criminal investigations opened into water firms Water Over 80 criminal investigations into water firms have been launched since the general election, which if proven could leave bosses facing five years in jail and firms on the hook for hundreds of millions of pounds, the environment watchdog has said. The Environment Agency has used new powers handed to it by the government to [...]
Thames among British water and sewerage firms slapped with new class action January 14, 2025 Water companies, including Thames Water, are set to be hit with a new class action after law firm RPC issued a formal letter notifying of the legal proceedings
Column: Water, water everywhere… October 23, 2024 Or why the latest twist in the sewage tale suggests a rebalancing of Labour’s priorities England’s water system made a splash again this week, hitting the headlines as the government announced their latest move to – as they put it – clean up the industry. An independent review, led by none other than the former [...]
Ofwat orders water firms to pay £157.6m for missing performance targets October 8, 2024 Water companies will have to pay a £157.6m penalty after missing key targets on reducing pollution, leaks and supply interruptions while customer satisfaction continues to fall, Ofwat has said. Not one company achieved the regulator’s top category of “leading” while Anglian Water, Welsh Water and Southern Water fell into the lowest category of “lagging” while [...]
Water lobby accused of ‘spin’ after claiming public lack knowledge October 1, 2024 The UK's biggest water companies have faced stinging criticism for the amount of sewage leaked into British rivers and seas in recent years.
Strix: Kettle safety manufacturer looks for growth in key markets September 18, 2024 Strix saw a jump in revenue during the first half of the year as the kettle manufacturer looks to position itself for continued growth opportunities.
Water bosses risk prison time as government launches crackdown September 4, 2024 Bosses of water companies who obstruct watchdog investigations could face up to two years behind bars, as the government unveils tough new laws to ramp up enforcement. The Water (Special Measures) Bill was introduced in Parliament on Wednesday and will grant sweeping new powers to the Environment Agency (EA), the Drinking Water Inspectorate and Ofwat [...]
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.