382 articles about "Thames Water"
Ofwat’s suggestion that UK water companies share financial outperformance with customers could weaken the sector’s credit quality.
The removal of Cayman Islands financing vehicles from UK water company structures looks like a colossal waste of billpayers’ cash.
Johnson Matthey revealed this month that it has taken an £11 million goodwill impairment hit relating to its water technologies business, in order to reflect lower growth assumptions.
The regulator’s incumbent chairman was one of the major beneficiaries of financial engineering when he served as CEO of Anglian Water. Now he is under pressure from government to ensure companies share any financial outperformance with customers.
Cape Town delays Day Zero; Hunter Water’s meticulous planning; Thames gives up on desal; Jordan re-thinks Red-Dead plans; Colombian concession attracts international big-hitters; Fixing damaged goods in Spain and Iraq; NJ deals up for renewal; all the latest project news from around the world.
Canadian pension fund OMERS Infrastructure has agreed to increase its stake in Thames Water to around 32%.
With the engineering sector consolidating, and an unusually large number of infrastructure assets changing hands, last year was a big year for dealmakers – topped, of course, by the deal of the decade: Suez’s acquisition of GE Water.
The ratings agency has unveiled its most comprehensive analysis yet on the impact that Ofwat’s proposed price settlement could have on UK water companies’ debt service costs.
A sequence of new bonds shows an increasing willingness among borrowers to diversify their sources of funding. What’s next?
Rising debt service bills crimped mid-year profit margins at many of the UK’s water and sewerage companies. A tough price review could put dividends under further pressure.