LATEST NEWSTagsFinance+investment

finance+investment

Environment Secretary Steve Reed champions private investment in nature recovery as the government launches a new call for evidence

Speaking to leading figures from financial institutions, property, retail and sustainability sectors at a roundtable event in London yesterday (12 June 2025), the Environment...

Rachel Reeves cuts Defra spending, but allocates extra funding for flood defences and nature recovery

The Spending Review 2025 was presented to Parliament by the Chancellor of the Exchequer, Rachel Reeves, yesterday (Wednesday 11 June 2025). Most departments will gain...

Plans for Thames Water’s rescue submitted to Ofwat, but with demands attached

Plans for Thames Water's rescue have been submitted to Ofwat amidst yet another week of controversy for the UK's largest water company. Following the news...

NI Fiscal Council says Northern Ireland’s water and sewerage needs greater investment, even if it’s “politically unpalatable”

A new report by the NI Fiscal Council highlights a growing crisis in the provision of water and sewerage services in Northern Ireland. The report...

Thames Water admits to £18.5m bonus payments despite new rules

The Environment, Food and Rural Affairs Committee has published a response from Sir Adrian Montague, Chair of Thames Water, which discloses that bonus payments...

Affinity Water secures Fair Tax Mark accreditation for a seventh consecutive year

Affinity Water has once again been recognised for its commitment to responsible tax conduct, securing the Fair Tax Mark accreditation for a seventh consecutive...

Philip Duffy writes to Ofwat regarding water industry category 1 incidents in relation to performance related pay rules

The Environment Agency's Chief Executive, Philip Duffy, has written to Ofwat regarding water industry category 1 incidents in 2024, in relation to performance related...

Anglian Water responds to bonus ban saying it fully supports financial reward being tightly linked to company performance

Anglian Water has responded to the government's new ban on bonuses for water company executives, saying it fully supports financial reward being tightly linked...

Welsh Water invests record amount of £629m in its water and wastewater networks

Dŵr Cymru Welsh Water invested a record £629 million in its network, a 31% year-on-year increase to maintain and improve its assets, according to...

Government’s new law sees unfair bonuses banned for six water companies with immediate effect

Bonuses have been banned for senior executives at six water companies, as new measures in the Water (Special Measures) Act come into force today...

Defra launches consultation on flood and coastal erosion funding rules

The Department for Environment, Food & Rural Affairs (Defra) has launched a consultation on flood and coastal erosion funding rules. 6.3 million homes and businesses in...

Scottish Water says pay dispute is “a matter for Scottish Water and its trade unions” in response to comments made at yesterday’s picket line

Scottish Water has responded to points made by the STUC (Scottish Trades Union Congress) at yesterday's picket line which included a call for the...

Striking Scottish Water staff to protest outside company’s offices in Glasgow today

Striking Scottish Water staff will demand bosses stop playing games and start talking about pay at a protest outside the company’s Shieldhall offices in...

Pennon Group reports revenue up but profit down after “demanding year”

Pennon Group PLC has published its full-year financial results for 2024/25. The results appear to reflect what Group Chief Executive Officer, Susan Davy, calls...

KKR pulls out of Thames Water deal

US private equity firm, KKR, has announced today it is pulling out of plans to buy the country's largest water company, Thames Water. KKR had...

£200 million pound injection into South East Water

South East Water has confirmed a £200m equity injection from its owners was made last month to further strengthen its financial resilience. The water company...

Ofwat launches consultation on rules for bulk charges for new appointees

Ofwat has launched a consultation setting out its proposal to issue new rules for incumbent English water companies to comply with, when setting their...

Anglian Water announces £500m shareholder equity injection

Anglian Water has announced that its shareholders have provided unconditional and legally binding commitments to inject £500m into the Anglian Water Group, pro-rata to...

Ofwat fines Thames Water nearly £123m following two investigations

Ofwat has announced the final decision in two investigations looking into the operations of Thames Water, who will face penalties totalling £122.7m. The water industry...

EFRA Committee wants answers from Thames Water’s Chair and CEO regarding “paused” bonuses

The EFRA Committee, which is appointed by the House of Commons to examine the expenditure, administration and policy of Defra, has written separately to...

Northumbrian Water wins Ofwat funding for three different ground-breaking projects

Northumbrian Water has been awarded a £9.5 million boost to kick-start three different ground-breaking projects, which will help to protect the region’s waterways and...

UK water companies face significant operational and financial challenges, says Fitch Ratings in new report

Credit rating agency, Fitch Ratings, has published a new report in which it says that UK water companies face significant operational and financial challenges...

Affinity Water’s innovative tariff trial delivers promising results for customers and the environment

An innovative tariff trial led by Affinity Water is showing strong early results in reducing customer bills and cutting water usage, a dual win...

Anglian Water fined a record £1.42 million for using unapproved materials in drinking water tanks that compromised water supply

Anglian Water has been fined a record £1.42 million at Northampton Crown Court following a prosecution by the Drinking Water Inspectorate (DWI) for drinking...

Scotland’s water industry regulator accused of failure, following inappropriate use of public money

The Public Audit Committee (PAC) has published its final report on the Water Industry Commission for Scotland (WICS), following its scrutiny of  the water...

Overall trust in water companies falls again as customers question fairness of bills

Fewer households believe the amount water companies charge is fair, with customers’ overall trust in the sector also hitting a new low. That’s according to...

MOSL announces successful projects from the fourth round of the Market Improvement Fund

MOSL has announced the successful projects from the fourth round of the Market Improvement Fund (MIF) on behalf of the Strategic Panel. For this round, the...

Consumer Council for Water says water companies must show more consistent ambition over support for vulnerable customers

Ahead of water companies across England and Wales finalising their vulnerability strategies on 30th June, the Consumer Council for Water (CCW) is urging them...

Thames Water executives to be questioned by MPs

The Environment, Food and Rural Affairs Committee (EFRA) will quiz the CEO, CFO and Chair of Thames Water in a public hearing of the...

Ofwat says water companies need to do better at sorting out customers’ complaints about bills – starting with better communications

Ofwat says that water companies must improve how they handle customer complaints about billing, with clearer and more effective communication being a crucial first...

New Portsmouth Water reservoir set to drive multi-million pound growth across South East

Portsmouth Water’s flagship Havant Thicket Reservoir project is set to drive multi-million pound growth across the South East, both during construction and following completion. An...

South East Water recognised for putting vulnerable customers first

South East Water’s commitment to providing excellent services for its vulnerable customers has been once again recognised with a prestigious BSI Kitemark™certification. Originally certified to...

Avove announces revenue increase of 23% and 60% increase in pre-tax profits in latest financial results

Independent utilities infrastructure business, Avove Limited, has announced a 23.7% increase in revenue, and a 60.9% increase in pre-tax profits. In its financial results for...

Two-day strike at Scottish Water in pay row starts today

Workers at Scottish Water will be on strike for two days this week in a dispute over pay. Staff will take strike action on Tuesday...

Leaf Water partners with South East Water to provide new billing service

Leaf Water has partnered with South East Water to provide tailored billing services for its customer frontline operations. This partnership covers both drinking and...

Report reveals more than a quarter of adults in England have considered withholding water bill payments as a result of recent sewage scandals

A new report from Surfers Against Sewage (SAS) has revealed that more than a quarter of adults in England have considered not paying their...

NEWS CATEGORIES

NEWS ARCHIVE