Moody’s warns UK water sector outlook remains negative
In its January overview of the 2024 Outlook for the UK water sector, Moody’s is warning that the outlook remains negative, reflecting rising social risks.
BlackRock to buy Global Infrastructure Partners in $12.5 billion deal to create world’s second-biggest infrastructure firm
BlackRock, Inc. and Global Infrastructure Partners, a leading independent infrastructure fund manager, have today jointly announced that they have entered into an agreement for BlackRock to acquire will acquire 100% of the business and assets of GIP for a total consideration of $3 billion of cash and approximately 12 million shares of BlackRock common stock worth about $9.5 billion at Thursday’s close.
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Thames Water - report says Ofwat created "twisted" incentives for management to “run company into the ground to maximise short term returns & leave it, bloodless, to next set of owners”
A new report is suggesting that Ofwat created "twisted" incentives for management to “run the company into the ground to maximise short term returns and leave it, bloodless, to the next set of owners” and that investors should have spotted three key red flags.
Thames Water's second largest investor writes value of holding down from £955.8m in 2022 to £364.4m in 2023
The Universities Superannuation Scheme Ltd (USSL) the largest private pension fund in the UK and Thames Water’s second largest investor, has written the value of its holding down from £955.8 million in 2022 to £364.4 million in 2023.
Statkraft to acquire major Loch Ness pumped storage hydro project from Intelligent Land Investments Group
Norway-headquartered Statkraft, Europe’s largest renewable power generator, has agreed to acquire the Red John Pumped Storage Hydro Scheme, from Intelligent Land Investments Group (ILI).
Financial woes at Thames Water continue as Fitch Ratings downgrades holding company Kemble to 'CCC'
Fitch Ratings has downgraded Thames Water’s holding company Kemble Water Finance Limited's Long-Term Issuer Default Rating (IDR) and senior secured debt rating to 'CCC' from 'B'. The Recovery Rating remains 'RR4'.
Yorkshire Water – US investor looking for the exit?
US investment firm Corsair Infrastructure Partners is considering selling its 30% share in Kelda Group, owners of Yorkshire Water, according to a report in The Sunday Times.
FT warns Thames Water debts have risen to over £18 billion as result of parent company loans
A report in today’s Financial Times entitled "Thames Water owners pile group with debt" says that Thames Water's debts have risen to over £18 billion – up from just over £15 billion from 31 March 2022.
UK Export Finance - £226m deal will see UK firms win £100m in export contracts to build new 350km drainage system in Iraq
The UK’s export credit agency has secured £226 million in financing for the Iraqi government to develop over 350km of drainage infrastructure - the transaction is expected to support over £100 million in UK export contracts.
Ofwat welcomes additional £4.6 billion of investment to the water sector since 2020
The water sector has attracted £4.6 billion in additional money from shareholders since 2020, according to Ofwat’s annual Monitoring Financial Resilience Report (MFR) published today for the year ended 31 March 2023.
News Showcase
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South West Water explores new approach to sludge dewatering in UK-first municipal trial
South West Water has hosted the first municipal trial of the Fournier Rotary Press in the UK, assessing its potential to improve sludge dewatering performance and support future biosolids standards. -
Uniwater strengthens its UK presence with acquisition of Hy‑Ram Engineering
Uniwater has acquired Hy-Ram Engineering, a specialist in tooling, products and hire for the water sector, based in Mansfield, England. -
Enpure Ltd and Clean TeQ Water Ltd in new collaboration for Moving Bed Ion Exchange-based nutrient removal
Enpure Ltd and Clean TeQ Water Ltd have announced a collaboration agreement to bring Clean TeQ Water's Moving Bed Ion Exchange-based nutrient removal technologies to water utilities across the UK. -
BactoSense ID cuts wastewater and bathing water bacteria testing from days to minutes
Near-real-time microbial monitoring of wastewater discharge and bathing waters is now possible thanks to the BactoSense ID solution created by Swiss-based bNovate Technologies.
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Other Latest News
- United Utilities tenders £720 million AMP8 contract for Design and Integration Partner
- Yorkshire Water tenders £361 million AMP8 contract for end-user computing equipment and services
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- Uisce Éireann progresses work on €29.5 million Ballinamuck Water Treatment Plant upgrade
- WICS annual report on Scottish Water’s performance flags up growing concerns around delivery of several longer-term commitments
- United Utilities' Barrow project reaches major milestone as piling work begins
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Southern Water showcases last footage inside Yew Hill Reservoir before filling
Southern Water has released film and images showing what it’s like to walk inside Hampshire’s expanded Yew Hill underground reservoir for the very last time, before it gets filled with water. -
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.
Top Stories
- United Utilities tenders £720 million AMP8 contract for Design and Integration Partner
- Yorkshire Water tenders £361 million AMP8 contract for end-user computing equipment and services
- WICS annual report on Scottish Water’s performance flags up growing concerns around delivery of several longer-term commitments
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