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In its sector comment on UK water companies published today, Moody's Investors Service says that water industry regulator Ofwat’s decision to pre-qualify two companies, Affinity Water Limited (Baa1 stable) and South West Water Limited (not rated), for a fast-tracked price determination will be credit positive for Affinity Water.

Business Stream, Scotland’s largest provider of non-household water and waste water services, has appointed Charlene Wallace as director of customer operations as it prepares for the opening of a competitive water market in England.

A £750,000 project to install three huge pipes in the dam at Anglian Water’s Pitsford reservoir got underway last week.

Costain’s Supply Chain Academy opened its doors for the fourth time recently, welcoming representatives from 15 companies to its offices in Manchester to get a better understanding of Costain’s business and its working culture.

Unilever has announced that it has acquired a majority stake in the Qinyuan Group, a leading Chinese water purification business for an undisclosed amount.

Specialist utilities software provider Gentrack is investing £5 million to develop its billing and customer relations systems.

Thursday, 06 March 2014 14:53

Xylem appoints new Chief Executive Officer

Leading global water technology company Xylem has announced that Patrick Decker has been named President and Chief Executive Officer.

Balfour Beatty has seen a 12% reduction in revenues in its UK construction divison, together with a £60 million profits shortfall, according to its latest financial results.

Integrated support services group Carillion has seen both its revenues and profits fall as a consequence of its decision to rescale its UK construction activities and focus on its support services division, which includes utility services.

Thames Water is due to start work on the next phase of a major £17.5 million scheme to reduce the risk of future sewer flooding to properties in the Maida Vale area of Westminster and neighbouring Brent.

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