Fitch Ratings has revised its sector Outlook for UK utilities to negative from stable as a result of weakened fundamentals, growing political pressure and challenging regulatory determinations.
The UK Government is seeking to promote more inward UK investment from the Far East with the launch of a new initiative inviting market research companies to bid to undertake research for UK Trade & Investment (UKTI) Japan.
The Treasury has confirmed it will guarantee bonds worth up to £48.5 million in a new infrastructure guarantee for the Speyside Biomass Power project located in Moray, Scotland.
Research by pension consultants Barnett Waddingham has found that utilities firms within the FTSE 350 were one of a minority of sectors to see their combined pension deficits increase in 2013. The total deficit for the sector was £3bn compared with £2.2bn twelve months previously.
The UK has attracted the most inward investment projects in 2013/14 since records began in the 1980s, according to new data from UK Trade and Investment (UKTI).
Europe’s long-term lending institution, the European Investment Bank, has agreed to provide £100 million to Societe Generale Equipment Finance to support investment by UK based small and medium sized companies over the next two years.
The Government has highlighted Thames Water’s £4.2 billion Tideway Tunnel as a major opportunity for overseas investors to invest in UK infrastructure, together with flagging up the fact that a “Government Support Package will further protect investors”.
The UK has attracted the most inward investment projects since records began in the 1980s – with energy and infrastructure contributing around 310 (17.5%), second only to advanced manufacturing with 418, according to a new report from UKTI.
The UK Green Investment Bank plc has announced plans to raise a new £1bn fund with the publication today of its performance for the financial year to 31st March 2014.
Institutional investors in the regulated water sector have described the current 2014 Price Review by industry regulator Ofwat as worse than 2009, according to a new survey.
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.
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.
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.
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.