finance+investment Archives - Page 3 of 30

Environment Secretary Steve Reed confirms changes to be fast-tracked in response to the IWC’s recommendations, with more to come in the Autumn

Government, Policy & Regulation 22 July, 2025

Speaking in the House of Commons yesterday (21 July 2025), Environment Secretary Steve Reed confirmed a number of recommendations from the Independent Water Commission...

Thames Water requests further deferral of its 2024 Price Review final determination referral

Government, Policy & Regulation 21 July, 2025

Thames Water has requested a further deferral of its 2024 Price Review final determination reference to the Competition and Markets Authority (CMA). Thames Water announced...

Infrastructure Pipeline kicks off new era of infrastructure delivery

Government, Policy & Regulation 18 July, 2025

The National Infrastructure and Service Transformation Authority (NISTA) has published details of hundreds of live UK infrastructure projects, with the aim of giving construction...

EFRA Committee pulls no punches in latest questioning of Thames Water bosses

Government, Policy & Regulation 16 July, 2025

The Environment, Food and Rural Affairs Committee met with Thames Water bosses yesterday to pose a series of questions to Sir Adrian Montague (Chair),...

Thames Water publishes annual results showing a loss before tax of £1.647bn

Water Company News 15 July, 2025

Thames Water Utilities Limited has published its annual results for the year to 31 March 2025 showing a pre-tax loss of £1,647 million. The company...

Ofwat launches consultation on proposed changes to the Guaranteed Standards Scheme for companies whose area is wholly or mainly in Wales

Government, Policy & Regulation 15 July, 2025

Ofwat has launched a consultation on proposed changes to the Guaranteed Standards Scheme (GSS) for companies whose area is wholly or mainly in Wales. The...

UK and France pledge joint funding for international biodiversity

Government, Policy & Regulation 14 July, 2025

Following the UK-France Summit and the State Visit of President Macron, the UK and France have committed joint financial support for the International Advisory...

Thames Water has several alternative options for a bidder, including a possible rescue bid backed by ex-Lib Dem peer

Water Company News 10 July, 2025

Thames Water has confirmed it has several alternative options for a possible rescue, following the withdrawal of KKR as preferred bidder last month. KKR had...

Thames Water recalled to EFRA Committee following disclosures and new financial concerns

Government, Policy & Regulation 9 July, 2025

Thames Water bosses have been recalled by the EFRA Committee to answer additional questions following recent disclosures and new financial concerns. The EFRA Committee will...

Fitch Ratings analytical team breaks down Southern Water’s latest equity support

Market Analysis & Research 9 July, 2025

Fitch Ratings has said that Southern Water’s receipt of a GBP1.2 billion equity support offer, led by funds managed by shareholder Macquarie Asset Management,...

Engineering firm receives funding boost to support pioneering green research

Awards, Charity & Funding 9 July, 2025

Northern Engineering Solutions has received a funding boost to continue its pioneering research into the treatment of mine water using microalgae. The process engineering firm...

Northern Ireland’s Infrastructure Minister Liz Kimmins says NI Water must operate within its budget allocation

Government, Policy & Regulation 4 July, 2025

Northern Ireland's Infrastructure Minister, Liz Kimmins, has said NI Water must operate within its budget allocation and do the best it can with available...

Tenfold increase for customer compensation when they’ve been failed by water companies

Government, Policy & Regulation 2 July, 2025

The UK government has announced that from today (2 July 2025), water companies will increase compensation payments to customers up to tenfold. Customers will automatically...

Thames Water seeks creditor approval to draw down an additional £157 million from a £1.5 billion emergency loan facility

Water Company News 2 July, 2025

Thames Water is seeking creditor approval to draw down an additional £157 million from a £1.5 billion emergency loan facility in July 2025. Britain's largest...

Southern Water secures offer of equity support package totalling up to £1.2 billion

Water Company News 2 July, 2025

Southern Water has received a commitment from its majority shareholder to invest £655 million in additional new equity, via a consortium led by funds...

Uisce Éireann publishes 2024 Annual Report highlighting a record €1.372 billion investment

Water Company News 1 July, 2025

Uisce Éireann has published its 2024 Annual Report, which details its comprehensive programme of work to deliver water services across Ireland. The utility invested a...

David Satti appointed as Chief Executive of WICS

Appointments & People 30 June, 2025

The Water Industry Commission for Scotland (WICS) has announced the appointment of David Satti as its new permanent CEO. David has extensive experience in economic...

UK government gathers business and environment leaders in support of UN nature agreement

Government, Policy & Regulation 27 June, 2025

The UK brought together foreign governments, Indigenous leaders, as well as leaders from business and finance representing trillions of pounds, to increase the flows...

River Action granted permission to proceed with legal challenge against Ofwat

Government, Policy & Regulation 25 June, 2025

Environmental charity River Action has been granted permission by the High Court to proceed with a legal challenge against the water regulator, Ofwat. River Action...

Thames Water may be required to restate its financial accounts for the year ended March 2024

Government, Policy & Regulation 23 June, 2025

According to a report by the Financial Times on Friday, Thames Water may be required to restate its financial accounts for the year ended...

Government publishes decade long Infrastructure Strategy to transform how infrastructure projects are planned and delivered

Government, Policy & Regulation 20 June, 2025

The Government has published a 10 Year Infrastructure Strategy which it says will deliver on its growth mission, as part of the Plan for...

Feargal Sharkey discusses the UK’s water woes with Toby Perkins MP in latest Committee Corridor podcast

Insight & Opinion 20 June, 2025

The latest episode of Committee Corridor, out this week, sees host Toby Perkins MP, Chair of the Environmental Audit Committee, sit down with...

Government to invest over £100m in water company fines to local environmental projects

Government, Policy & Regulation 19 June, 2025

The Government has announced it will invest water company fines into local projects across the country to clean up our rivers, lakes and seas. Over...

Almost £8 billion to be invested in flood defences over the next decade

Government, Policy & Regulation 17 June, 2025

The largest flooding programme in history will be announced by government this week, with a record £7.9 billion committed over ten years to protect...

‘Failing’ water sector needs ‘root and branch reform’ to address culture that is ‘deaf’ to ‘crisis’, says EFRA Committee

Government, Policy & Regulation 16 June, 2025

A failing water sector in which “water companies increasingly look like financial institutions rather than businesses servicing monopolised critical infrastructure” is in need of...

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

Government, Policy & Regulation 13 June, 2025

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

Government, Policy & Regulation 12 June, 2025

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

Water Company News 11 June, 2025

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”

Government, Policy & Regulation 11 June, 2025

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

Government, Policy & Regulation 10 June, 2025

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

Awards, Charity & Funding 10 June, 2025

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

Government, Policy & Regulation 9 June, 2025

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

Water Company News 9 June, 2025

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

Water Company News 9 June, 2025

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

Government, Policy & Regulation 6 June, 2025

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

Government, Policy & Regulation 6 June, 2025

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

Industry News 5 June, 2025

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

Industry News 4 June, 2025

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”

Water Company News 3 June, 2025

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

Water Company News 3 June, 2025

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

Water Company News 3 June, 2025

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

Government, Policy & Regulation 2 June, 2025

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

Water Company News 29 May, 2025

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

Government, Policy & Regulation 28 May, 2025

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

Government, Policy & Regulation 27 May, 2025

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

Awards, Charity & Funding 21 May, 2025

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

Market Analysis & Research 20 May, 2025

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

Water Company News 20 May, 2025

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

finance+investment

NEWS CATEGORIES

NEWS TAGS

NEWS ARCHIVE

NEWS CATEGORIES

NEWS TAGS

NEWS ARCHIVE

TRENDING THIS WEEK

TRENDING TODAY