UK Water Bills to Rise Further as Competition Watchdog Approves Partial Increases
Ondo InsurTech PLC (LON:ONDO) Northumbrian Water to trial LeakBot
Northumbrian Water to trial LeakBot following the success of other Water Company activity
United Utilities hiked its dividend to £113m despite a 63pc fall in profits
Despite declining profits, United Utilities, a leading water supplier known for its high pollution levels, announced a substantial £110 million dividend for its shareholders.
Last year, ten water companies did not pay taxes, even though some discharged sewage.
The ‘super deduction’ scheme introduced by Rishi Sunak during his tenure as chancellor post-Covid enabled the water industry to secure £97 million in tax rebates.
Northumbrian Water chief escalates sewage dispute with a boosted bonus
Northumbrian Water granted its CEO a 65% bonus hike, even as it landed on Ofwat’s list of the bottom six water firms.