2 in 5 households say they will find it difficult to afford water bill increases
Two in five households across England and Wales say they will find it difficult to afford the increases to water bills being proposed by...
Southern Water successfully issues £300m bond
Southern Water has announced it has secured £300 million of additional debt financing following the completion of a bond issuance on 4th November, 2024.
The...
Welsh Water reports largest ever half year capital investment for first 6 months of 2024/25
Dŵr Cymru Welsh Water delivered its largest ever half year capital investment for the six months between April and September 2024. Capital expenditure for...
S&P Global Ratings further reduces Thames Water Utilities Finance PLC’s debt rating
Following the announcement by Thames Water of a proposed liquidity extension transaction, S&P Global Ratings has further reduced Thames Water Utilities Finance PLC's debt...
Thames announces proposed transaction to extend its liquidity runway
Thames Water Utilities Limited has announced a proposed transaction to extend its liquidity runway, including up to £3.0bn of new money in addition to...
£100k boost for water efficiency projects across Scotland
One of the UK’s largest water retailers has doubled its funding to Scotland’s public sector organisations to help fund water efficiency projects across the...
Clancy reports record results for the 2023-24 financial year
Clancy has announced record results for the 2023-24 financial year, as the family-run infrastructure specialist sees rising demand for its expertise across water, energy...
Pennon, the only water-based business to receive Fair Tax accreditation 7 years in a row
One of the largest employers in the South West, Pennon Group, has been awarded the Fair Tax Mark for the seventh year in a...
South West Water launches two new tariffs to trial fairer ways of charging customers
South West Water is set to launch two new innovative tariff trials as it looks to find fairer ways to charge customers, while protecting...
Complaints rise as water companies fail to address customers’ concerns on the environment and water meters
Water companies’ failure to deal with customers’ concerns over environmental performance and water meters has fuelled a steep rise in complaints to the consumer...
Tariff increases accelerate to record-breaking levels as utilities invest in resilience, according to newly released global water tariff survey report
Global Water Intelligence (GWI)’s recently released Global Water Tariff Survey 2024 report provides telling insight into the global landscape of water tariffs.
The average increase...
Coalition of nature groups say the 2% of water company budget to be spent on natural infrastructure isn’t enough
A coalition of nature groups (including Wildlife and Countryside Link, Rivers Trust, The Wildlife Trusts and Angling Trust) has released analysis of water company...
RSK completes preferred equity raise with total investment increasing to £520 million
RSK Group has completed its strategic investment agreement, securing a £520 million capital injection to support the significant growth aspirations of the group.
In June,...
Thames Water makes contingency plan to release cash reserves
Thames Water has entered into discussions with its financial stakeholders to release cash reserves, which would require majority creditor consent.
As at 31 August 2024,...
Regulators and industry drive plans to step up support for vulnerable consumers
Vulnerable customers will be able to access support services more quickly and easily, thanks to a project driving forward priority services register (PSR) data-sharing...
Naylor Industries plc reports continued progress in a “transformational year”
Naylor Industries plc, the construction materials manufacturer, has reported continued progress in a “transformational year” with a £10m investment programme and reshaping at the...
Ofwat launches consultation on change of ownership for Portsmouth Water Limited and Leep Networks (Water) Ltd
Ofwat has launched a consultation on the change of ownership affecting two regulated companies, Portsmouth Water Limited and Leep Networks (Water) Ltd.
The consultation assesses:
...
Water companies urge Ofwat to reconsider investment cut
Water companies have collectively warned Ofwat that its draft decision to cut proposed investment puts urgent improvements at risk.
In its submission to the...
GMB says water company claims that capping bills will create sewage risk is ‘absolute balderdash’
The GMB Trade Union, which represents over 10,000 workers in the water and wastewater industry, has said that water companies’ claims that plans to...
Ofwat confirms actions for Thames Water following investment credit rating downgrade
Ofwat has confirmed the implementation of commitments from Thames Water, effective immediately, to remedy its licence breach in losing its investment grade credit ratings....
Goldman Sachs Alternatives completes acquisition of majority stake in Adler & Allan
Adler & Allan, a leading provider of environmental risk reduction and advisory services, has announced that the Private Equity business within Goldman Sachs Alternatives...
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