Mark Kleinman: Nationwide’s pride should be dented by member election bid Business Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his City AM column Nationwide’s pride should be dented by member election bid ‘Proud to be different’, ran the long-running Nationwide advertising slogan. Well, quite: it’s hard to see any of Britain’s big high street banks making quite the same mess [...]
Sparking interest: Could utilities stocks power your portfolio? Investing The FTSE 100 isn’t known as the flashiest of stock markets, lacking the might of the trillion-dollar tech stocks of the US or the glamorous luxury conglomerates of France. But what it lacks in shine, it makes up for in reliability, with the index reporting a 21.5 gain in 2025, its strongest calendar year performance [...]
United Utilities taps shareholders for £800m as it unveils investment plans Energy One of UK’s largest listed water company United Utilities is making a submission to the regulator to increase its investment capacity in a bid to fuel expansion plans. The FTSE 100 firm is calling for Ofwat to lift its AMP8 budget, the five year investment period running until 2030, to £11.5bn from £9bn, to match [...]
United Utilities: Banned bonus for FTSE 100 CEO revealed June 23, 2025 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 [...]
Thames Water: Water boss bonus ban comes into force June 5, 2025 Six water companies including crisis-hit Thames Water will be banned from paying bonuses to senior bosses. New measures in the Water (Special Measures) Act come into force on Friday, prohibiting utility firms that oversee “poor environmental and customer outcomes” from offering bonuses to senior bosses. The companies impacted are Thames Water, Yorkshire Water, Anglian Water, [...]
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 [...]
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 [...]
United Utilities and Pennon to hike dividends in line with inflation as customer bills rise January 29, 2025 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 [...]
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
Water firms look to increase bills amid fears of £400m National Insurance hit December 8, 2024 Water companies are hoping billpayers will carry the cost of a £400m hit from rising national insurance contributions over the next five years, previously announced in the Autumn Budget. The accumulated cost to all water firms’ in England and Wales comes to £80m per year, water industry sources told the Sunday Times. Firms have now [...]