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Thames Water slapped with £18m fine by Ofwat for dishing out 'unjustified' dividends
4 days, 20 hours ago

Thames Water slapped with £18m fine by Ofwat for dishing out 'unjustified' dividends

Daily Mail  

Thames Water has been handed an £18.2million fine after regulator Ofwat used powers to crack down on firms paying 'unjustified' dividends for the first time. The regulator said Thames Water made interim dividend payouts totalling £37.5million to its holding company, Thames Water Utilities Holdings Limited, in October last year and further payouts of about £158.3million in March 2024. The ruling …

Company Thames Water Thames Ofwat Water Slapped
United Utilities raises shareholder payout despite Windermere pollution
1 month, 1 week ago

United Utilities raises shareholder payout despite Windermere pollution

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy United Utilities has hiked dividend …

Windermere United Utilities Ofwat Water Company Utilities Raises
Polluting water companies to face lighter punishments despite public outrage
1 month, 3 weeks ago

Polluting water companies to face lighter punishments despite public outrage

The Telegraph  

Failing water companies face lighter punishments under a climbdown being prepared by the industry regulator, risking an increase in leakages, water supply interruptions, and pollution. Investors in Britain’s water sector have rounded on the watchdog, claiming its hardline stance risks deterring further foreign investment in the industry at a time when it is crying out for billions of pounds of …

Water Thames Water Companies Ofwat Lighter Punishments
Water firms to return £158m to customers over leaks and pollution failings
2 months, 2 weeks ago

Water firms to return £158m to customers over leaks and pollution failings

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Water companies will have to …

Water Companies Million Sector Water Companies Ofwat
Southern Water rows back on plans to pay out £275m in dividends
2 months, 2 weeks ago

Southern Water rows back on plans to pay out £275m in dividends

The Telegraph  

Southern Water no longer plans to hand out £275m in dividends after claiming the payments are not “appropriate”. The reversal comes after Southern Water’s initial business plan, which is still available on its website, listed annual dividend payments between 2025 and 2030. “This is in addition to the £1.6bn already injected by shareholders since 2021 – more than any dividends …

Water Plan Southern Southern Water Ofwat Dividends
Thames Water seeks 45pc bill rise as it piles pressure on Ofwat
8 months ago

Thames Water seeks 45pc bill rise as it piles pressure on Ofwat

The Telegraph  

It emerged on Monday that feared US hedge fund Elliott, owner of Waterstones, has been buying up debt in Thames Water in a bid to profit from its recent turmoil, the Financial Times reported. The need for increased revenues at Thames Water has been made increasingly acute after shareholders, such as China’s sovereign wealth fund, cut off funding last month. …

Water Bill Thames Water Thames Ofwat Seeks 45Pc
Anglian Water customers could face £91 annual bill increase
1 year, 7 months ago

Anglian Water customers could face £91 annual bill increase

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Anglian Water customers could face an increase on their bills of £91 a year – …

Water Companies Plan Increase Bill Bills Water Companies
Wastewater firms miss targets for tackling pollution or sewage floods
2 years, 4 months ago

Wastewater firms miss targets for tackling pollution or sewage floods

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. “No amount of financial penalties can undo the damage caused by wastewater companies polluting the environment or ease the …

Environment Climate Independent Pollution Companies Penalties Southern Water