Northumbrian Water granted its CEO a 65% bonus hike, even as it landed on Ofwat’s list of the bottom six water firms.
£800 million class action lawsuit focuses on the UK’s privatized water monopoly over sewage issues
Six major UK water providers are under legal scrutiny due to allegations of not fully disclosing sewage releases into natural water bodies, which might result in substantial compensation demands.
South East Water pays £9m dividend despite heavy loss
Despite South East Water’s fall into a £74m pre-tax loss due to a surge in its debt expenses, the company has issued a multimillion-pound dividend.
Thames Water boss declines to express regret for her tenure at Ofwat, while cautioning that water bills are set to increase.
Cathryn Ross, the joint interim chief executive of Thames Water, has rejected any insinuations that her past oversight as head of the industry regulator contributed to the current financial predicament
Southern Water barred from paying dividends until at least 2025
Southern Water has been barred from issuing dividends until at least 2025 due to escalating inflation-linked debt repayments.
Emergency Plans Developed for the Potential Nationalisation of Thames Water
As Thames Water, a key utility firm, struggles to manage its staggering debt of £14bn, the government is formulating contingency strategies in case of the company’s failure.