Thames Water’s cash crunch intensifies as bailout rumours swirl Water Thames Water faces a race against time to avoid collapse even after securing a short-term cash injection. The UK’s largest water company is set to run out of money as soon as September 2026 should it fail to secure a financial lifeline in the form of a recapitalisation deal. The utility company said the second [...]
Water firm Anglian to pay out £68m after breach of regulations Water Anglian Water is set to pay a £68.2m ‘redress package’ to improve the quality of its waste management after an investigation by the UK’s water watchdog found it had breached regulations. Ofwat found that Anglian Water had “fail[ed] to operate and maintain its wastewater assets adequately”, and that it was “systemically breaching” its duty to [...]
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 [...]
Pennon Group: FTSE 250 water firm swings to loss after parasite scandal June 3, 2025 Pennon Group, the British utility firm which owns South West Water, swung to a loss in the latest financial year after struggles driven by the Brixham water supply scandal. The FTSE 250 company made a loss of £35.1m for the year, which the firm said was in line with management expectations. It marked a steep [...]
Anglian Water gets £500m boost after criminal investigations May 23, 2025 Anglian Water has received a £500m boost from its shareholders just days after it was revealed it is facing a raft of criminal investigations. The company, which operates in the East of England, is owned by the Osprey Consortium which is made up of Canada Pension Plan Investment Board, Colonial First State and Industry Funds Management. [...]
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 [...]
Pennon Group records loss after parasite scandal March 31, 2025 Pennon Group, the British utility firm which owns South West Water, said in a trading update this morning that the costs of last year’s Brixham water supply scandal had forced it into a loss in the second half of last year. The water company said lower customer demand and inflationary cost pressures were offset by [...]
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. [...]
Higher bills fuel revenue surge at FTSE 100 United Utilities November 14, 2024 The increase, which was largely due to more expensive consumer bills, helped underlying operating profit jump 24 per cent to £335.7m.