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Six water companies banned from paying bonuses to senior bosses. Six water companies have been banned from paying bonuses to senior bosses, under new rules that come into force on Friday. Thames Water, Yorkshire Water, Anglian Water, Wessex Water, United Utilities and Southern Water have been told that they cannot issue bonuses for the financial year 2024/25, which concluded in April. They have all been banned under new rules which […]
England's biggest water company will pay over 122 million pounds. Thames Water has been fined £122.7 million after two investigations into wastewater and dividend payments – the largest penalty Ofwat has ever issued, the regulator said. The utility giant will pay £104.5 million for breaches of rules relating to its wastewater operations, after Ofwat said it “failed to protect the environment”. Ofwat chief executive David Black said: “Our investigation has […]
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