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.
£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.
Ondo InsurTech Plc (LON:ONDO) Southern Water agreement
Second water company to introduce LeakBot – Southern Water agreement announced Ondo InsurTech Plc (“Ondo”), the London-listed leader in claims prevention technology for home insurers, is pleased to announce an
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.
Despite 300,000 instances of sewage spills, the regulatory body has levied fines on only four firms.
The regulatory authority for the environment took legal action against merely four water companies for overstepping their overflow permits from 2018 to 2022, despite the occurrence of hundreds of thousands
Industry leader states that a rise in water bills will fund a £10bn investment.
The Water UK chair has affirmed that while the companies will initially front the investment, they will recuperate the funds via increments to the water bills.
Londoners cut off from water supply as burst pipe floods streets
A large pipe burst Monday morning in north London, flooding streets and causing traffic chaos.