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Articles for Ofwat, search results for dividend

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 …

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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 …

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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 …

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Troubled Thames Water braces for enormous fines in latest Ofwat crackdown
5 months, 1 week ago

Troubled Thames Water braces for enormous fines in latest Ofwat crackdown

The Telegraph  

Thames Water is bracing for an avalanche of fresh fines running into the hundreds of millions of pounds as it battles to stave off emergency nationalisation. The Telegraph understands Thames is facing steep penalties from Ofwat, the industry regulator, for a catalogue of mistakes and scandals including unsanctioned dividend payments, sewage dumping, and missing basic performance targets. Ofwat is also …

Ofwat Crackdown Thames
Thames Water under threat of nationalisation as shareholders refuse to inject £500m lifeline
8 months, 3 weeks ago

Thames Water under threat of nationalisation as shareholders refuse to inject £500m lifeline

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Thames Water’s sewage treatment works have come under scrutiny The …

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Thames Water dividend payouts in spotlight after shareholders pull funding
8 months, 3 weeks ago

Thames Water dividend payouts in spotlight after shareholders pull funding

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 The UK’s largest water company …

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Thames Water asked to explain how dividend payment does not break Ofwat rules
1 year ago

Thames Water asked to explain how dividend payment does not break Ofwat rules

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 Ofwat has asked Thames Water …

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Water bills will rise by 35pc in biggest hike ever to fix sewage crisis
1 year, 2 months ago

Water bills will rise by 35pc in biggest hike ever to fix sewage crisis

The Telegraph  

Household water bills will rise more than £150 a year as the industry brings in major new investment to fix the sewage crisis. “Water companies are seeking regulatory approval to reduce overflow spills into rivers and seas as fast as possible and to doubling the number of households receiving support to pay their bills. Approving the plans is necessary so …

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