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14.10.26 - 08:06
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Businesses could be barred from non-essential water use amid supply threat (The Guardian)
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Golf clubs, private schools and car washes may face tighter rules from water companies as England's drought continuesThree water companies are seeking to impose severe restrictions on businesses as the drought continues across most of England, putting rivers and wildlife under huge pressure.Golf clubs and private schools could be barred from using mains water to irrigate playing fields and courses, and commercial car washes stopped from operating, under “non-essential use bans” being sought by the companies. Continue reading......
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07.10.26 - 19:42
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Burnham, take note: water shareholders have their uses – they can be squeezed for cash | Nils Pratley (The Guardian)
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Owner of South West Water, Bristol Water and Bournemouth Water is tapping its investors for £550m after sewage spillsSouth West Water owner taps investors after sewage spillsWater is “a service where the shareholders never lose and the public never win,” Andy Burnham, the prime minister, told the Labour party conference last week, reflecting the popular feeling towards the English industry.And, of course, his big-picture point is familiar: the £80bn, or thereabouts, that has been paid in dividends over the past 35 years represented over-the-top rewards for investors in many cases. It is easy to agree the public was taken for a ride. Continue reading......
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07.10.26 - 16:30
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South West Water owner taps investors to fix infrastructure after sewage spills (The Guardian)
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Pennon slashes dividend and launches £550m cash call 'to drive improved outcomes for customers and communities'The owner of embattled South West Water has slashed its dividend and launched a cash call to investors as it attempts to fund infrastructure investment, days after it was hit by a record £7.9m fine for hundreds of sewage spills.London-listed Pennon said on Wednesday it would tap investors for £550m, as part of a £1bn investment “to drive improved outcomes for customers and communities”. Continue reading......
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