Southern Water successfully secures £300 million of additional debt financing
Southern Water has successfully secured £300 million of additional debt financing following the completion of a bond issuance yesterday.
Thames Water – rival creditor groups seek agreement on recapitalisation plan
Rival creditor groups who own Thames Water debt are attempting to reach an agreement on a recapitalisation plan which would offer the water company a £1.5 billion lifeline, according to Sky News.
S&P Global Ratings downgrades Southern Water debt “on challenging financing conditions”
S&P Global Ratings has downgraded Southern Water’s debt to BBB- “on challenging financing conditions” - the rating remains on CreditWatch with negative implications, where they were placed on 23rd August 2024.
Financial Times – S&P ratings downgrade sees Thames Water debt slide further into “junk” status
The Financial Times is reporting this morning that S&P has downgraded Thames Water's credit rating – tipping the UK’s largest water and sewerage company debt further into “junk“ status.
International Investment Summit secures £63 billion of private investment and nearly 38,000 UK jobs
Nearly 38,000 UK jobs are set to be created across the UK after a total of £63 billion of investment was announced around yesterday’s International Investment Summit.
Clean energy investment worth billions unlocked ahead of Investment Summit
Thousands of jobs in green industries have been announced as the UK Government welcomes more than £24 billion of private investment for pioneering energy projects ahead of the International Investment Summit on 14th October.
Moody's Ratings warns again over Thames Water troubled financial situation
Moody's Ratings is once again warning over its concerns about Thames Water's troubled financial situation, following its announcement on 26 September that it was downgrading the water company’s credit rating to Caa1 negative – effectively junk bond status.
Southern Water finances under pressure – utility seeks c£4bn funding from investors
Southern Water’s finances are coming under pressure, according to a report by the Financial Times this morning.
Water Tech AI firm raises further funding to accelerate business expansion
FIDO AI Ltd – the software company helping to rapidly improve global water resilience using AI-led non-revenue water (NRW) reduction and curated water data insights - has announced that it has raised Series B funding required to further scale its business.
Directors of Thames Water Utilities Holdings Ltd assess fair value of subsidiary company Thames Water as nil
The Directors of Thames Water Utilities Holdings Ltd (TWUH) have assessed the fair value of Thames Water as nil, according to Thames Water Utilities Holdings Ltd's Annual Financial Statements for the year ended 31 March 2024 published this morning.
News Showcase
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Barhale completes two Rapid Action Taskforce Spills projects for Severn Trent
Barhale has completed work on two separate Rapid Action Taskforce Spills projects it is carrying out for Severn Trent. -
Börger UK relocates to larger premises as sales continue to grow
Börger UK, which has firmly established itself as a leading pump brand since it was set up in Staffordshire in 2004, has moved into bigger, brand-new premises in Shrewsbury. -
Register for HUBER Technology UK webinar on water intake screens for municipal and industrial applications
HUBER Technology UK & Ireland are inviting people to register for their March webinar where they will be providing information about HUBER water intake screens for municipal and industrial applications. -
Sulzer launches global Water Treatment Center of Excellence for integrated water solutions
Sulzer has launched a new global Center of Excellence (CoE) for Water Treatment Solutions - the CoE consolidates Sulzer’s wastewater treatment expertise in a unified and global manner.
Expert Focus
News Sections
Other Latest News
- Royal Borough of Kingston tenders £432m contract for Development Partner for district heat network using waste heat from Thames Water Hogsmill STW
- South East Water Chair resigns after MPs declare “no confidence" in leadership team to turn failing company around
- Plymouth City Council announces Development Partner for £4.2 billion heat network based on waste heat source from South West Water Central Plant
- United Utilities announces equity issue to raise gross proceeds of c. £800 million for AMP8 investment
- Environment Agency imposes £76,000 penalty on South East Water for water supply breach
- Northumbrian Water - County Durham trial could boost river protection work
Watch
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Scottish Water completes £235m investment in two-way connection between drinking water networks
Hear how Scottish Water has completed its £235 million Ayrshire Glasgow Resilience Project - customers across Greater Glasgow, Ayrshire and East Renfrewshire will now benefit from a more secure and resilient water supply. -
United Utilities accelerates investment to reduce spills from storm overflows across Northwest
Hear how United Utilities is accelerating its investment to reduce spills from storm overflows across the Northwest. -
Working for WSP - what if you could build a career as unique as you? With us, you can
Find out more about the remarkable career opportunities on offer at WSP - scroll down to watch the inspirational video.
Top Stories
- Royal Borough of Kingston tenders £432m contract for Development Partner for district heat network using waste heat from Thames Water Hogsmill STW
- South East Water Chair resigns after MPs declare “no confidence" in leadership team to turn failing company around
- Plymouth City Council announces Development Partner for £4.2 billion heat network based on waste heat source from South West Water Central Plant
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