Intertek shares rocket as Swedish private equity firm hikes bid for the company Business Shares in laboratory testing company Intertek rocketed in morning trading on Tuesday after Swedish private equity firm EQT launched a fresh £8.9bn bid for the company. The stock jumped 7.4 per cent to £51.61p, with shares up 13.3 per cent since the start of the year, after the Swedish firm proposed its third offer to [...]
Is the government right to ban water company bonuses? Business It is safe to say the water industry is not in the government’s good books. Decades of underinvestment and mounting debt have led to a sewage spill crisis, sparking immense public outrage. Thames Water, the UK’s largest water supplier, has come to symbolise the sector’s woes as it teeters on the brink of administration. US [...]
Thames Water: Water boss bonus ban comes into force Transport and infrastructure 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, [...]
Yorkshire Water forced to pay out £40m after ‘serious failures’ March 20, 2025 Yorkshire Water will have to pay out a £40m “enforcement package” to address a series of “serious failures” in its maintenance of sewage networks. The water supplier will pay out £36.6m over the next five years after the water watchdog Ofwat found repeated failures to properly invest in infrastructure. Environmentally sensitive areas will be targeted [...]
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
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. [...]
Water lobby accused of ‘spin’ after claiming public lack knowledge October 1, 2024 The UK's biggest water companies have faced stinging criticism for the amount of sewage leaked into British rivers and seas in recent years.
Thames Water fined £104m over wastewater failures in landmark Ofwat investigation August 6, 2024 Three water companies are facing fines totaling £168m for failing to properly manage their wastewater treatment works and networks, Ofwat has announced today.