In a strategic update released this morning, Pennon Group PLC has announced the launch of a fully underwritten £550 million rights issue and rebased dividend to support c.£1 billion of additional investment.

Fitch Ratings' Head of UK Utilities, Yeshvir Singh is warning that the Prime Minister’s strengthened Water Bill announcement does not alter sector risk - and that the resolution of Thames Water’s restructuring remains a major risk.

Thames Water Utilities Ltd and its subsidiary, Thames Water Super Senior Issuer PLC have launched a fifteenth set of consent requests seeking access to £170 million in further funding in October.

Lloyds Banking Group has called for a ’national security mindset’ on infrastructure resilience in the UK – as recent heatwaves, flooding, drought, and an £11 billion annual adaptation funding shortfall have exposed how the UK's critical infrastructure is no longer fit for purpose.

Latest analysis from CDP, the global non-profit that runs the world’s only independent environmental disclosure system, shows companies spread across the globe are anticipating an almost $400 billion hit in future impacts from water challenges such as droughts disrupting critical trade routes.