The FTSE 100 dropped by 0.5% as investors responded to news of British insurer Aviva’s £3.6 billion acquisition of Direct Line. Retailer B&M led the index with a 2.7% gain,
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.
£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.
The UK’s Supreme Court is set to consider a landmark case regarding sewage in the country’s waterways.
On Monday, one of the UK’s largest privatised water companies will argue in the Supreme Court that it should not be held responsible by private landowners and individuals for sewage
Thames Water boss Sarah Bentley on £2m a year gets £727,000 windfall
Sarah Bentley, Thames Water’s boss, will receive a total amount of £727,000 in two single payments. This comes within days of being criticised by the Environment Agency over the company’s
Thames Water boss Sarah Bentley on £2m a year gets £727,000 windfall
Sarah Bentley, Thames Water’s boss, will receive a total amount of £727,000 in two single payments. This comes within days of being criticised by the Environment Agency over the company’s
Share Talk Expected Market Updates For The Week Ahead – 27th September 2021
This week’s market sectors and industries under review include Pennon and United Utilities, catering to water suppliers and fashion lovers.