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FOUND: 2 - What They Never Told You

Water companies raise bonuses to £9.1m despite record sewage discharges

Third of total comprises bonuses at Severn Trent as indebted Thames nearly doubles payouts to executives

The Guardian - UK

Don’t indulge the Thames Water whingers next week, prime minister

Labour should stand firm at its investors summit and remind attenders that the UK’s utilities sector is eminently investable

The Guardian - UK

Sewage-spilling English water firms could be denied ‘top marks’ in rankings

Exclusive: Regulator plans tighter rules to stop polluters from using four-star rating to justify high CEO pay

The Guardian - UK

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Every single water company in England and Wales now facing huge sewage investigation by regulator

Ofwat aim to conclude the cases against the water companies ‘as quickly as possible’ so the sector can focus on cleaning up the rivers and seas

The Independent UK

Every water firm in England and Wales under investigation over sewage spills

Ofwat opens cases against Severn Trent and three others, days after they faced criticism over huge bill rises

The Guardian - UK

The best long-term plan for Thames Water is to get it back on the stock market

The discipline of being a listed company should mean an end to the days of ultra-high leverage and opaque corporate structures

The Guardian - UK

Tone deaf utility bosses get usual reward for failure

City Comment: The strong case for nationalising Severn Trent

Evening Standard

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Severn Trent boss paid £3.2m despite firm’s fine for sewage spills in river

Liv Garfield’s pay included a £584,000 bonus despite firm’s £2m fine for spilling 260m litres of sewage into River Trent

The Guardian - UK

Severn Trent increases payout to shareholders despite its 60,000 sewage spills last year

Final dividend hiked by 9% as MPs write to Ofwat boss urging him to deny water firms’ requests in price review process

The Guardian - UK

Water firms in England and Wales urged to invest profits in cutting bills

Suppliers expected to charge average 6% more from April despite public anger at underinvestment and sewage dumping

The Guardian - UK

Revealed: watchdogs and water bosses had dinner at private London club to discuss future

Exclusive: Meal attended by Environment Agency and Ofwat chairs attacked as outrageous example of ‘regulatory capture’

The Guardian - UK

The biggest corporate gaffes of 2023

It's that time of the year again. Here are 15 of the City desk's best corporate gaffes of 2023

Evening Standard

Water regulator starts a ‘crackdown’ on bonuses about 30 years too late

Ofwat’s newfound interest in executive pay in the water industry is merely a tweak

The Guardian - UK

Ban bonuses to water company bosses, Ofwat told

Regulator under pressure to act after finding executive payouts at three English suppliers were not justified

The Guardian - UK

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Evening Standard

Severn Trent’s surprise £1 billion share sale points to wave of water industry spending

Shares rise after capital raising plans around new £13 billion 5-year business plan

The Guardian - UK

Severn Trent customer water bills to rise by almost 37% by end of decade

Firm raises £1bn in investment – half from Qatar’s sovereign wealth fund – to improve network over five years

The Guardian - UK

‘Unacceptable’: how raw sewage has affected rivers in England and Wales – in maps

Hundreds of thousands of raw sewage discharges were recorded last year. These maps show where these were and what the impact is

The Guardian - UK

Public could receive hundreds of millions as water firms face sewage lawsuit

Class action legal claim on behalf of 20 million householders in England and Wales could top £800m in compensation

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The Guardian - UK

Severn Trent likely to be allowed to charge customers £60m extra

Water firm tells investors it is on track to claim reward for exceeding its own customer service targets

The Guardian - UK

Severn Trent chief proposes ‘social purpose’ water firms amid utilities crisis

Liv Garfield seeks backing from Labour for reforms as government eyes temporary renationalisation of Thames Water

Evening Standard

Secret email from Severn Trent water boss to rivals: stick together to fend off nationalisation

‘Please don’t forward this email,’ begs £4m-a-year water chief Liv Garfield

Manchester Evening News

Neighbours 'sickened' by 'foul smells' after sewage and 'mushed up toilet paper' spills onto main road

"There's raw sewage, people have seen mushed-up toilet paper coming out of the drain"

Nottingham Post

Nottinghamshire neighbours 'sickened' as sewage spills onto main street

'It makes you think of medieval times with people throwing their muck in the street'

Nottingham Post

Severn Trent Water issues update on likelihood of hosepipe ban for Nottinghamshire

Temperatures are expected to rise further in Nottinghamshire over the next few days

Nottingham Post

Messages to pet owners and over water use amid 29C heatwave in Nottinghamshire

Households should use water wisely this summer

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