Real Madrid top Deloitte Football Money League as Champions League revamp boosts Premier League’s rivals
Severn Trent paid over £2m to fight off bill overcharging lawsuit May 22, 2025 Severn Trent paid out more than £2m in legal fees to defend allegations it had overcharged millions of household consumers by underreporting sewage leaks. Professional costs increased by £2.3m last year, according to the firm’s annual report. These were mainly in relation to a class action claim brought against Severn Trent and a number of [...]
Record 81 criminal investigations opened into water firms May 20, 2025 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Thames Water: Bonuses from £3bn emergency loan ‘withdrawn’ May 20, 2025 Hefty bonuses to Thames Water bosses that were carved out of a £3bn emergency loan have been “withdrawn” following backlash, the government has announced. Environment secretary Steve Reed said on Tuesday he was “very happy indeed that Thames have now dropped those proposals. It was the wrong thing to do. They have now withdrawn their [...]
Ofwat: Water regulator courts investors with refreshed PFI deals May 16, 2025 Ofwat is courting investors with plans to guarantee risk and minimise competition as it looks for more than £50bn to upgrade the water sector’s second-rate infrastructure. Private investors will have the “right to collect” revenue from customers, “opportunities for upside”, “capped liabilities” and “investment positive” support from the government, according to a briefing paper seen [...]
United Utilities: Profit rises significantly as water bills hiked May 15, 2025 Profit at United Utilities jumped significantly ahead of the FTSE 100 giant hiking water bills for its more than seven million customers, it has been revealed. The Warrington-headquartered firm, which serves customers in the North West of England, has also proposed an increase to its final dividend of 4.2 per cent to 34.6p. The company [...]
Thames Tideway: Just how super is London’s new super sewer? May 14, 2025 “A national scandal,” Sadiq Khan said of the amount of sewage pumped into the River Thames last year. But it took more than the Mayor of London to spur national revulsion at the state of England’s longest river. Fast forward a few months and the spotlight had fallen on the 2024 Oxford-Cambridge boat race in [...]
Bosses insist bonuses are justified for running ‘hair raising’ Thames Water May 13, 2025 Bosses at Thames Water have defended taking hefty bonus payouts as Thames Water battles to stay afloat and pollution incidents soar. Chief executive Chris Weston and Chair Sir Adrian Montague are spearheading a turnaround at the crisis-hit utility, which narrowly avoided bankruptcy earlier this year via a £3bn emergency loan from creditors. It was revealed [...]
Thames Water: KKR ‘preferred partner’ for group March 31, 2025 The firm said it had selected KKR as a preferred partner following a "detailed assessment of proposals received".
Thames Water’s finance chief quits as firm continues trying to find a buyer March 28, 2025 Thames Water’s finance boss has quit midway through a key restructuring of the heavily indebted utility giant. Chief financial officer Alastair Cochran told the firm that he was stepping down on Friday morning. His sudden departure comes as Thames Water continues to try to find a buyer for the company to help steady its finances. Thames Water is England’s biggest water firm, with about [...]
Yorkshire Water forced to pay out £40m after ‘serious failures’ March 20, 2025 Yorkshire Water will have to pay out a £40m “enforcement package” to address a series of “serious failures” in its maintenance of sewage networks. The water supplier will pay out £36.6m over the next five years after the water watchdog Ofwat found repeated failures to properly invest in infrastructure. Environmentally sensitive areas will be targeted [...]