profit Archives - Ocean and Coastal Futures

23 Oct 2024

Water companies raise bonuses to £9.1m despite record sewage discharges

Reported in The Guardian Bonuses for water company bosses in England and Wales rose to £9.1m this year despite record sewage discharges into rivers and seas. More than a third of that total comprised bonuses at Severn Trent, which was fined £2m this year for “reckless” pollution but lifted its bonuses to £3.36m. Thames Water […]

20 Mar 2024

Water firms’ profits in England and Wales almost double since 2019

News Water

Water companies in England and Wales have almost doubled their profits since 2019. During this parliament, which started in 2019, pre-tax profits at water companies have climbed by 82%, according to a Liberal Democrat analysis of Companies House data. It found that in 2022-23, England’s water firms made £1.7bn in pre-tax profits. This is up […]

15 Aug 2023

‘There are more important things than profit’

News Water

Our seas and rivers have never been in a worse state after years of neglect by the water companies. Now, we routinely check the sewage app alongside the weather. Meet the new CEO of Surfers Against Sewage who plans to turn the tide. Lyme Regis on the south coast of England is an old and […]