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The Latest Breaking News from South West Water

Thames Water sinks to £1.6bn loss as debt mountain balloons

The struggling utility tumbled to a £1.65 billion pre-tax loss for the year to March 31 from profits of £157 million the previous year.

Evening Standard

Boss of South West Water owner Pennon to retire

Susan Davy said she will step down as chief executive and director on the South West Water parent firm’s board after 18 years with the firm.

Evening Standard

South West Water allowed to invest £24m rather than pay £19m fine

Campaigners say Ofwat ‘subservient to industry and its rampaging pursuit of profit’ after illegal sewage discharges

The Guardian - UK

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Water company agrees to pay £24 million after sewage leaks

The company agreed to pay the enforcement package after Ofwat’s investigation found a ‘range of failures’

The Independent UK

South West Water agrees to pay £24m after watchdog finds wastewater leaks

Ofwat said its investigation found a ‘range of failures’ in how the water company managed its wastewater treatment works and sewer network.

Evening Standard

Pennon water boss lands nearly £200,000 in share bonuses despite losses

The water firm revealed that chief executive Susan Davy was handed £191,000 in long-term share awards, with a total annual pay package of £803,000.

Evening Standard

Bonuses banned for 10 English water bosses over sewage pollution

Sanctions, including for Thames Water CEO, announced as part of new government powers under Water Act

The Guardian - UK

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Water sector suffering from ‘deep-rooted’ failures, review warns

The Government-commissioned review calls for reform of laws, regulation and company management and infrastructure.

Evening Standard

South West Water owner Pennon says losses deepened after Devon parasite outbreak

Last year’s incident in Brixham, south Devon, cost it about £21 million, pushing it deeper into an annual loss, it said.

Evening Standard

Devon residents without water to receive £200 compensation, says MP

South West Water said around 9,500 properties in the Torquay area were still affected after a pipe burst on Monday.

Evening Standard

Pennon costs surge to £36m after South West Water parasite outbreak in Devon

The outbreak in May last year left some people in hospital and hundreds ill after contamination of the water supply in Brixham.

Evening Standard

Nearly 4m hours of raw sewage dumped in England’s waters last year

Duration of spills by water companies up on previous year, in data described by environment secretary as ‘disgraceful’

The Guardian - UK

Water boss admits ‘devastating’ impact of parasite outbreak while pay rises

Pennon’s chief executive Susan Davy said her base salary was rising from £494,000 to £511,000 this year.

The Independent UK

Millions of Londoners face staggering £200-plus rise in water bills this year

The 16 millions customers served by beleaguered Thames Water will see a 31% hike within weeks, with average annual bills soaring to £639

Evening Standard

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The Guardian - UK

Water bills in England and Wales to rise by £123 on average this year

Largest price hike since privatisation is even more than the £86 predicted by Ofwat as companies add inflation on top

The Independent UK

Water bills set to rise an average £123 from April – check your area

The rise will take the average bill in England and Wales from £480 to £603 for the next year alone

Evening Standard

Yearly water bills to rise by average £123 from April 1

The rise, confirmed by industry body Water UK, will take the average bill in England and Wales from £480 to £603 for the next year alone.

Evening Standard

Why are water bills going up so much?

Households are facing the largest rise in water bills since the privatisation of the industry 36 years ago.

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The Guardian - UK

United Utilities and Pennon to increase dividend payments as water bills rise

Both will raise dividends in line with inflation, as South West Water and United Utilities bills to increase 23% and 32% over five years

The Independent UK

United Utilities and South West Water hike dividends amid bill increases

The companies said they had agreed 32% and 23% bill increases negotiated with regulator Ofwat last year.

The Independent UK

Sewage scandals and bill increases mark year of woe for water industry

Public fury swelled yet again at water companies’ worsening records on sewage as firms announced steep hikes to consumer bills.

Evening Standard

Pennon losses widen after South West Water’s parasite outbreak in Devon

London-listed company Pennon said the incident in Brixham, south Devon, cost it £16.3 million, contributing to deepening first-half losses.

The Guardian - UK

Thames Water credit ratings slashed to lower levels of junk as default fears grow

S&P and Moody’s cut ratings by five notches on risk troubled company will run out of cash

The Independent UK

South West Water faces court threat over sewage spill at Exmouth Beach in Devon

South West Water taken to court for spilling sewage at Exmouth beach

The Guardian - UK

Environment Agency considering legal action after sewage spill at Devon beach

South West Water could face prosecution after sewer burst at nearby treatment plant

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