Thames Water reports surge in pollution incidents as debts swell December 10, 2024 Thames Water saw a 40 per cent increase in pollution incidents in the first half of its financial year as its debts continued to spiral. The company reported 359 so-called category one to three pollution incidents in the six months to September 30, blaming an especially wet spring and summer. Debt levels were £15.8bn at [...]
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. [...]
South West Water customers given £450m in subsidies while firm dished out £1.5bn in dividends November 25, 2024 South West Water customers were given nearly half a billion pounds in government subsidies to keep their bills down, despite the water firm shelling out three times that amount in dividends to shareholders over the same period. The Department of Environment, Food and Rural Affairs (Defra) has been giving people in South West Water’s catchment [...]
Severn Trent hikes dividend as profit nearly triples November 20, 2024 Coventry-headquartered Severn Trent was fined more than £2m for polluting the River Trent near Stoke in February.
Water firms’ industry body: Dividend payouts haven’t affected infrastructure investment September 1, 2024 Water companies would be in a similar state today even if they hadn't paid out millions in dividends, the boss of their industry body claimed.
Water firms warn of ‘material risk’ to stopping sewage leaks with Ofwat bill cap August 28, 2024 Plans to cap water bill increases at £19 per year would prevent suppliers from raising enough cash to improve performance, Water UK said.
Thames Water: Ofwat proposals ‘not tenable’ with supplier’s recovery as new bill hikes planned August 28, 2024 Debt-laden Thames Water has appealed to Ofwat to sign off on a five-year business plan to make it "investible."
Northumbrian Water: Revenue nears £1bn as supplier returns to profit August 28, 2024 Revenue at Northumbrian Water jumped towards £1bn as the supplier returned to the black during its latest financial year. The Durham-headquartered company has reported a revenue of £952.4m for the year to 31 March, 2024, up from the £899.9m it posted for the prior 12 months. Newly-filed accounts with Companies House also show the business [...]
Water regulator welcomes plan to boost customer compensation August 12, 2024 The water industry watchdog has said it “welcomes” the government’s plan to increase compensation for customers receiving poor services from water companies.
Government to double compensation for poor customer service from water companies August 12, 2024 Compensation for customers receiving poor services from water companies who are failing to meet standards could more than double under new Government proposals.