Water industry regulator Ofwat has published details of the financial model it has developed as part of the price review to help it assess companies' business plans.
Fitch Ratings has revised its sector Outlook for UK utilities to negative from stable as a result of weakened fundamentals, growing political pressure and challenging regulatory determinations.
The UK Government is seeking to promote more inward UK investment from the Far East with the launch of a new initiative inviting market research companies to bid to undertake research for UK Trade & Investment (UKTI) Japan.
The Treasury has confirmed it will guarantee bonds worth up to £48.5 million in a new infrastructure guarantee for the Speyside Biomass Power project located in Moray, Scotland.
Research by pension consultants Barnett Waddingham has found that utilities firms within the FTSE 350 were one of a minority of sectors to see their combined pension deficits increase in 2013. The total deficit for the sector was £3bn compared with £2.2bn twelve months previously.
The UK has attracted the most inward investment projects in 2013/14 since records began in the 1980s, according to new data from UK Trade and Investment (UKTI).
Europe’s long-term lending institution, the European Investment Bank, has agreed to provide £100 million to Societe Generale Equipment Finance to support investment by UK based small and medium sized companies over the next two years.
The Government has highlighted Thames Water’s £4.2 billion Tideway Tunnel as a major opportunity for overseas investors to invest in UK infrastructure, together with flagging up the fact that a “Government Support Package will further protect investors”.
The UK has attracted the most inward investment projects since records began in the 1980s – with energy and infrastructure contributing around 310 (17.5%), second only to advanced manufacturing with 418, according to a new report from UKTI.
The UK Green Investment Bank plc has announced plans to raise a new £1bn fund with the publication today of its performance for the financial year to 31st March 2014.
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.