United Utilities and Pennon to hike dividends in line with inflation as customer bills rise Business United Utilities and Pennon Group plan to increase dividends as consumers grapple with significant bill increases over the next five years. The water firms on Wednesday both said dividends would rise in line with inflation each year until 2030, following Ofwat’s final determination in December. The regulator’s ruling, which sets customers’ bills for the next [...]
Pennon water flips to a loss after parasite outbreak Energy Losses at water company Pennon widened significantly as the group struggled to pay millions to fix a parasite outbreak that led to diarrhoea. Today, the South West Water owner said its underlying profit before tax had jumped from £19.1m in profit the first half of last year to £18.6m in losses. The results were in [...]
Pennon blames sewage leaks and pollution on ‘exceptionally high’ groundwater Business Water firms leaked over one trillion litres of water last year, new analysis from the Observer revealed earlier in the year.