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Company News

Pennon, one of the UK's largest infrastructure groups, and owner of South West Water, has backed yesterday’s budget as a budget for growth, regions and skills.

Northumbrian Water is investing £5.5 million in upgrading three of its sewage treatment works in County Durham.

Irish Water and Tipperary County Council have marked the official opening of the Burncourt Water Supply Scheme which will deliver a high quality and reliable water supply for over 3,500 local customers and support current and future development in the area.

Leading resource management company Veolia is to team up with Scottish Water Business Stream to create a new retail water market offering for businesses across the UK.

South West Water is sharing its success with customers after performing better than expected in the first year of its AMP6 2015-20 business plan.

Engineering group Costain has announced a strong performance, maintaining its record £3.9 billion forward order book, significant increases in both revenue and underlying operating profit and a recommended 15% increase in the final dividend, according to its final results for the year ended 31st December published this morning.

Carillion revenues rose 14% to £5.21bn in 2016 (£4.58bn in 2015), accompanied by £4.8 billion of new orders and probable orders in 2016 (2015: £3.7 billion), according to its final results for the year ended 31st December 2016 published this morning.

International support services and construction group Interserve has seen profits fall, the final dividend suspended and a “disappointing in its UK construction business, according to the annual results for the year ended 31 December 2016 published this morning.

Anglian Water is investing £1.2 million to wage a war on leaks from water pipes in Claydon near Ipswich.

Water industry regulator Ofwat is progressing its approach to a number of key issues for the upcoming Price Review 2019 for the water companies’ AMP7 2020-2025 investment programmes.

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