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Defra tries to get everyone on the same page on storm overflows
Defra is consulting until 24 January on new draft information and guidance on storm overflows, which it has prepared in collaboration...
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Nov 24, 20242 min read
Environment secretary: water failures are failures of regulation and governance
“The failures are failures of regulation and governance,” environment secretary Steve Reed told the Environment, Food and Rural Affairs...
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Nov 24, 20242 min read
Severn Trent reports buoyant results and bumper capex
Severn Trent announced half year results on 20 November. Earnings before interest and tax rose to £297.8m by 16.7%, underpinning a...
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Nov 24, 20241 min read
Barclays reiterates equity finance challenge for water
UK water remains the highest-risk regulated asset in Barclays’ investor survey, which has just been updated from April. The report said:...
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Nov 24, 20241 min read
Cash release approved by Thames’ bondholders
Thames Water announced on 18 November that its Security Trust and Intercreditor Deed (STID) proposals have been accepted by a sufficient...
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Nov 24, 20241 min read
Fitch downgrades Southern Water
Fitch downgraded Southern Water’s rating on 19 November to BBB- from BBB, with a Rating Watch Negative. The agency said the downgrade...
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Nov 24, 20241 min read
Ten out of 16 companies cause Ofwat financial resilience concern
Ten companies caused Ofwat concern in terms of financial resilience in 2023-24, according to the regulator’s latest Monitoring financial...
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Nov 24, 20241 min read
Government heads off most Special Measures amendments at Report Stage
Government amendments to the Water (Special Measures) Bill were agreed at Report Stage in the Lords last week. Moved by Baroness Hayman...
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Nov 24, 20242 min read
Most WASCs’ performance unworthy of customer-funded bonus payments
Ofwat is to claw back £1.5m of bonuses paid to executives at Thames Water (£770,000), Yorkshire Water (£616,000) and Welsh Water...
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Nov 24, 20242 min read
National near real-time storm discharge data goes live
England’s water industry, via trade body Water UK and the industry’s open data collaboration, Stream, has launched the ‘National Storm...
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Nov 24, 20242 min read
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