In the past two years, water companies have paid out a total of £2.5 billion in dividends while also seeing their debt increase by £8.2 billion.

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Financial Times 2w ago

In the past two years, water companies have paid out a total of £2.5 billion in dividends while also seeing their debt increase by £8.2 billion. - Financial Times

Quick Summary:

All 16 companies have been criticised for service failures, including tipping unknown quantities of sewage into waterways, high leakage rates or water outages.

Other debt-laden water companies are wrestling with higher financing costs on borrowings, as well as historically steep construction, energy and labour prices.

Water UK, which represents the industry, said investors have pledged to inject £6.5bn in new equity as well as raising debt as part of their £96bn investment plan by 2030.