Smart grid communications specialist Sensus has urged the Government to develop a smart water network to drive efficiency and improve water management.

Thames Water is continuing with its efforts to engage and respond to stakeholders’ concerns about its proposals for the Thames Tunnel via its ongoing stakeholder engagement campaign. However, the company still appears to be facing opposition from a number of opposition groups on issues ranging from construction site location to the costs of the project.

Water industry regulator Ofwat has sought to reassure the financial community in its latest briefing to City analysts and investors in the water sector about its proposals for regulatory reform for the upcoming Price Review and beyond.

The BT Pension Scheme has bought a 13 per cent stake in Kemble Water, the Thames Water holding company, from funds managed by Australian investment bank Macquarie.

United Utilities and Anglian Water have gone out to tender on contracts worth £90m and £22m respectively.

Severn Trent Group has announced that its turnover stood at £1.77bn for the year ended 31 March 2012, an increase of 3.5 per cent on the previous year, but suffered a significant fall in group profit before tax.

Pennon Group PLC, owners of South West Water, has announced an increase of 9.8 per cent in profit before tax for the water company in their financial results year ended 31 March 2012.