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778 articles in United Kingdom

Refinancing Vol 16, Issue 4 (April 2015)

  • The owners of a number of large privately owned UK water and sewerage companies are rushing to refinance holding company debt ahead of the general election on 7th May. In the last six weeks, the parent companies of Anglian Water, Thames Water, and Southern Water have replaced bank facilities worth £675 million with cheaper debt...
  • Both Veolia and Suez Environnement have also been refinancing their debt, taking advantage of the super-low interest rates resulting from Eurozone quantitative easing. Veolia cut €18.5 million off its annual interest bill by replacing older debt with...
  • Meanwhile, the owners of the Salalah power and water plant in Oman are looking to refinance $737 million of debt arranged at the height of the global financial crisis in 2009.

Sembcorp bows out of regulated UK water Vol 16, Issue 4 (April 2015)

Holding a low-growth UK company such as Bournemouth Water never made much sense for Sembcorp. How much sense does it make for new owner Pennon?

Europe Water In Brief Vol 16, Issue 4 (April 2015)

Suez Environnement drew more than €4 billion of investor demand for its new €500 million perpetual hybrid bond callable after seven years, whilst simultaneously buying back €306 million of an older, high-coupon hybrid issue.

UK WASCs elect to refi early Vol 16, Issue 4 (April 2015)

UK water companies have been scrambling to refinance holding company debt ahead of May’s general election. What is driving the trend?

Europe Water In Brief Vol 16, Issue 3 (March 2015)

Biwater Holdings slumped to a net loss of £6.2 million on revenues of £53.5 million (down 14.9%) in the year ended 31 March 2014, according to figures released earlier this month.

UK water rails against competition Vol 16, Issue 3 (March 2015)

Suggestions that Ofwat is still pursuing upstream competition in the UK water sector have been met with tangible resistance. By some.

Building resilience comes from within Vol 16, Issue 3 (March 2015)

Anglian Water’s CEO believes that not all highly leveraged water companies were born equal, and that a flexible approach to investment goes a long way.

The sting in AMP6’s tail Vol 16, Issue 2 (February 2015)

News of dividend cuts by some of the regulated UK water companies barely dented share prices this month. Have investors’ celebrations been too hasty?

Not yet news Vol 15, Issue 12 (December 2014)

  • Veolia Global Solutions boss Jean-Michel Herrewyn is standing down as CEO...
  • Suez Environnement’s move to a single “brand architecture” encompassing both water and waste globally will be announced in...

Rateable value Vol 15, Issue 12 (December 2014)

  •   Saudi Arabia’s National Water Company is looking to roll out its long-delayed joint ventures with the private sector...
  • Meanwhile, the Abu Dhabi regulator has pinned down how much it costs to produce and supply water to homes in the emirate, as part of a wide-ranging tariff reform that will see some users pay...
  • FEWA, the power and water utility for the Northern Emirates of the UAE, has also joined the regional rush to raise water prices...
  • UK regulator Ofwat, meanwhile, set its final price limits for the 2015-2020 period on 12 December, confirming that average bills for water and wastewater customers in England and Wales will fall by around...