Sunday Times says water firms have “siphoned off profits”
A report in yesterday’s Sunday Times newspaper says that six of the UK’s largest water companies have taken £11 billion in dividends during the past decade and paid only £1.7 billion in corporation tax. Average customers’ bills have increased by 55% over the period.
Easing of EU rules will help small firms access vital finance
The EU is to make it easier for companies to raise essential finance for investment.
Autumn Budget highlights range of issues for UK water sector
Today’s Autumn Budget statement contains a number of measures which could impact on the UK water sector, including an overhaul of the planning infra regime, increased tax relief for shale gas, easier access to funding and moves to tackle tax avoidance by large corporation.
NAO warns on above-inflation water bills for next 17 years and concerns about Ofwat
A new report from the Government’s spending watchdog the National Audit Office is warning that water bills will continue to rise above the rate of inflation for the next 17 years. The report also expresses concerns about water industry regulator Ofwat's role.
World Bank sees up to $1 trn global climate-related investment potential
IFC, a member of the World Bank Group, has published research highlighting up to $1 trillion of investment potential in renewable energy, resource efficiency, and climate change adaptation – including $70 billion in improved water usage - across Emerging Europe, Central Asia, and the Middle East and North Africa.
Europe’s non-performing loans now total more than €1.2 trillion
European non-performing loans (NPLs) held by banks have increased to €1.2 trillion (up by nearly €100 billion in 12 months) driven mainly by reported increases in Italy, Greece, Spain and Ireland, says PwC in its latest market update.
Moody's says stable outlook for UK water sector reflects anticipated solid performance
The outlook for the UK water sector remains stable on expectations that it will maintain its solid performance until the end of the current five-year regulatory period in March 2015, says Moody's Investors Service in its Industry Outlook report on the sector published today.
Moody's warn low interest rates could increase credit risk for UK utilities
Persistent low real interest rates would negatively affect UK regulated utilities' fair value leverage, liquidity and interest cover, which could lead to companies needing to deleverage to maintain key financial metrics in line with their assigned rating, says Moody's Investors Service in two Special Comment reports on UK regulated utilities published today.
IFC Global Infrastructure Fund completes $1.2 bn fundraising
IFC Asset Management Company, a wholly-owned subsidiary of the International Finance Corporation has today completed fundraising for its infrastructure equity fund, with a total of $1.2 billion raised, up from its target of $1 billion.
CBI warns over faltering speed of delivery on infrastructure
The CBI, the UK's leading business organisation, is warning that businesses are concerned that two years of positive Government infrastructure policy announcements will not translate into delivery on the ground and could undermine the return to sustainable growth.
News Showcase
-
Albion Water appoints new Director of Business Development
Albion Water, the first NAV (New Appointment & Variation) to have been established in1999 and now under the ownership of SDS Water Group, has appointed Andy Holland as its new Director of Business Development. -
Webinar to explore moving indirect potable water reuse to full implementation
UK water companies are invited to join an upcoming webinar which will explore how the sector can take indirect potable reuse (IPR) from concept to full-scale operational reality. -
Kohtari CEO says joined-up water intelligence needed to predict, not just react - not more data
James Sumsion, CEO of predictive water intelligence specialists Kohtari, says the water sector needs to take a giant leap forward, so that it can anticipate and act upon water quality issues - rather than merely react. -
IED compliance – using automated sliding floodgates to support secondary containment at water and sewerage company sites
Ray Moulds, Sales Director at Flood Control International, takes a look at how automated sliding floodgates are supporting secondary containment at water and sewerage company sites.
Expert Focus
News Sections
Other Latest News
- Ofwat confirms provisional approval of £3.4 billion of further funding for 13 water companies
- United Utilities - giant tunnel boring machine emerges at Knutsford after completing underground drive
- Completion of £4.5 million Greatham Marsh Restoration Scheme sees return of tide for first time in over 200 years
- National Cyber Security Centre adds water sector example to Secure Connectivity Principles for Operational Technology
- Cambridgeshire business to benefit from water efficiency drive
- Met Office issues Amber Extreme Heat warning as temperatures set to peak at 37°C in places
Watch
-
Scottish Water completes £235m investment in two-way connection between drinking water networks
Hear how Scottish Water has completed its £235 million Ayrshire Glasgow Resilience Project - customers across Greater Glasgow, Ayrshire and East Renfrewshire will now benefit from a more secure and resilient water supply. -
United Utilities accelerates investment to reduce spills from storm overflows across Northwest
Hear how United Utilities is accelerating its investment to reduce spills from storm overflows across the Northwest. -
Working for WSP - what if you could build a career as unique as you? With us, you can
Find out more about the remarkable career opportunities on offer at WSP - scroll down to watch the inspirational video.
Top Stories
Login / Register
New Account Registrations
To register for a new account with Waterbriefing, please contact us via email at waterbriefing@imsbis.org
Existing waterbriefing users - log into the new website using your original username and the new password 'waterbriefing'. You can then change your password once logged in.