Pennon Group’s latest trading update published this morning has flagged up its strong investment grade credit rating and the launch of its £2.5 billion Euro Medium Term Note (EMTN) programme in July with an inaugural £400 million public bond issuance.
Stephen Timms MP, Chair of the House of Commons Work & Pensions Committee, has written to the Trustees of the Water Companies Pension Scheme to raise concerns about its decision to pay a £12 million scheme surplus to an employer, Bristol Water, instead of using the surplus to boost members’ pensions.
Owners of South West Water and Bristol Water Pennon Group have reported a rise in profits and resilient operational and financial performance with the publication this morning of its results for the first half of 2021/22.
May Gurney has been awarded a new 16-month contract with Bristol Water worth £20m per annum.
Water industry regulator Ofwat has launched a new consultation on the completed acquisition of a 70% stake in Bristol Water by Canada-based Capstone Infrastructure Corporation.
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 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 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.
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.