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uk water sector

  • United Utilities: Banned bonus for FTSE 100 CEO revealed

    Business

    The amount top bosses at FTSE 100 giant United Utilities are set to lose in bonuses – after the water giant was named as one of six to be banned from handing out the payouts – has been revealed. Earlier this month, new measures in the Water (Special Measures) Act come into force which prohibited utility [...]

    United Utilities is a member of the FTSE 100 index.
  • Water industry requires fundamental reset, review finds

    Transport and infrastructure

    There is no single change radical enough to deliver the “fundamental reset” needed by the UK’s water industry, a much-anticipated review into the sector has found. The Cunliffe review has been led by former Bank of England deputy governor Sir John Cunliffe and is the largest since the sector was privatised in the late 1980s. [...]

    Macquarie is to invest £1.2bn into Southern Water in a move that could prevent a breach of its regulatory license.
  • United Utilities: Profit rises significantly as water bills hiked

    Business

    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 [...]

    Bills are set to rise by an average of 32 per cent over the next five years following a regulatory ruling by Ofwat.
  • Yorkshire Water hikes dividend despite pollution remaining ‘too high’

    November 29, 2024

    Yorkshire Water, which serves more than five million customers across the region, has hiked its dividend during the first half of its financial year despite pollution levels remaining “too high”. The provider paid out dividends totalling £37.5m in the six months to 30 September, 2024, up from the £17.7m during the same period in 2023. [...]

  • Thames Water in talks over £3.3bn emergency fundraising deal

    September 15, 2024

    Thames Water has been in contact with Brookfield Infrastructure Partners and Global Infrastructure Partners about a £3.3bn emergency fundraising deal to help pay off some of the struggling utility’s large debt pile, according to reports. The firm, which is the largest of Britain’s privatised regional monopolies, has set itself a deadline of early November to [...]

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