May Gurney has posted promising financial results this morning as it enjoyed a 22 per cent rise in revenues and an underlying pre-tax profit of £28.4m.

South West Water was ordered to pay £32,967 in fines and costs in court last week for a series of illegal sewage discharges into Salcombe harbour.

Thames Water is continuing with its efforts to engage and respond to stakeholders’ concerns about its proposals for the Thames Tunnel via its ongoing stakeholder engagement campaign. However, the company still appears to be facing opposition from a number of opposition groups on issues ranging from construction site location to the costs of the project.

The BT Pension Scheme has bought a 13 per cent stake in Kemble Water, the Thames Water holding company, from funds managed by Australian investment bank Macquarie.

Severn Trent Group has announced that its turnover stood at £1.77bn for the year ended 31 March 2012, an increase of 3.5 per cent on the previous year, but suffered a significant fall in group profit before tax.

Pennon Group PLC, owners of South West Water, has announced an increase of 9.8 per cent in profit before tax for the water company in their financial results year ended 31 March 2012.

Martin Baggs, Chief Executive of Thames Water has said that “a national water grid is not going to happen in my lifetime” when he appeared as the keynote speaker at the Institute of Water annual conference in London yesterday.