UK water company supplying Midlands and Wales; FTSE 100 constituent
Campaigners have urged the government to reform or reverse privatisation of the water sector amid protests, petitions and a surge of public concern following a series of sewage pollution incidents and a high-profile documentary.
Water companies have reported higher executive pay despite a 2025 bonus ban aimed at curbing lavish payouts after pollution concerns and environmental penalties. Multiple firms show retention payments and raises for chief executives, with regulators promising action while households face rising bills and drought pressures.
The UK has seen a record-hot July and persistent drought across large parts of England and Wales. Hosepipe bans remain in force as cooling rain is forecast to be patchy and limited this weekend. Forecasters warn that heat and dry conditions will continue into next week, with a potential return of hotter spells in parts of the country.
Ofwat has provisionally allowed five of 13 water companies in England and Wales to raise charges by about £3.4bn by 2030 to fund infrastructure upgrades, address PFAS and support housing and data-centre growth. Bills for several firms will rise in 2027–28 and 2029–30, with final confirmation due after consultation in December.