Pennon Group Plc, owners of South West Water, has today issued an upbeat interim trading statement saying that financial performance since 1 October 2009 has been in line with management expectations.
The Group also said that South West Water remains on track to meet its AMP4 regulatory contract targets. On 18 January 2010, SWW announced that it had decided not to ask Ofwat to refer its Price Determination to the Competition Commission. The Group has now fixed or put in place swaps to cover £733m of South West Water debt to the end of the upcoming AMP5 investment cycle which runs from April 2010 to March 2015.
Despite current economic conditions, Viridor, Pennon Group’s waste management and renewable energy subsidiary, is performing well and remains confident of delivering continued full year growth in profits.
Last month the Pennon Board announced its intention to continue to pursue a progressive policy of growing the Group dividend in real terms, at least up to 2014/15 and expects to be able to provide further detail with its Preliminary Results on Tuesday 25 May 2010.
The interim dividend for the year ending 31 March 2010 of 6.95p per share will now be paid to shareholders on 1 April 2010 - 6 days earlier than previously announced.
Amiblu, a global leader in Glass Reinforced Plastic (GRP) pipe systems for wastewater, stormwater, drinking water, irrigation, hydropower, and industrial applications, has announced the appointment of Martyn Turton as its Sales Director for the UK & Ireland, driving strategic market development in the infrastructure and water sectors, effective immediately.
As a project manager at Metasphere, a Grundfos-owned remote telemetry company at the cutting edge of innovation, Fey McHarg, has witnessed firsthand how the intelligent harnessing of data, specifically through the data-as-a-service model, is fundamentally reshaping and revolutionising the water sector.
Attendees at next month’s National Civils Show, Floodex, National Drainage Show and Waterways Management on 26th and 27th November are set to benefit from an expert speaker line-up and the opportunity to visit a wide range of exhibitors all co-located in one place at Excel, London, one of the UK’s leading international exhibition and convention centres.
Tackling leakage is one of the fastest and most cost-effective ways for utilities to bolster water security, writes Ben Crabtree, Product Line Director, Ovarro, revealing how the potential of smart technologies is being demonstrated around the world.
Hear how United Utilities is accelerating its investment to reduce spills from storm overflows across the Northwest.
Find out more about the remarkable career opportunities on offer at WSP - scroll down to watch the inspirational video. 
What is to be done about the UK’s failing utilities? Listen to Professor Dieter Helm explore the options to tackle the UK’s failing utilities – Thames Water, the Royal Mail and Network Rail in particular.