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utilities

  • 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.

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