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 [...]
UK water firms could face £2bn in fines over next five years, Moody’s warns August 15, 2024 UK water companies could be hit with a total of roughly £2bn in fines over the next five years, Moody's has estimated, warning that more demanding proposals from the industry regulator increase risk in the sector.
Thames Water books £200m dividend bill as cash reserves dwindle July 9, 2024 In its annual results, the embattled water company confirmed that its liquidity at the end of June was £1.8bn, "sufficient to found our operations for the next 11 months".
Utilities are no longer ‘simple defensive’ plays June 17, 2024 The green energy transition is upending the way the world does business. Nowhere is that more apparent than in the utility sector.
Pennon hands boss near £300,000 bonus despite pollution record June 10, 2024 British water company Pennon has named David Sproul as chair designate, and he will succeed Gill Rider who will retire from the board next month, the firm said on Monday.
Severn Trent: revenue and profit up at water firm May 22, 2024 Water firm Severn Trent has seen an uptick in turnover, profit before tax and adjusted earnings per share in the year to March, raising its dividend to shareholders despite rising sewage spills.
Risky debt investors flood into Thames Water debt as regulator plots carve-up April 28, 2024 Thames Water is currently buckling under a £15bn debt pile, and the price of its bonds has collapsed over fears it might go into administration.