Category Archives: Severn Trent

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

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Third of total comprises bonuses at Severn Trent as indebted Thames nearly doubles payouts to executives

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 almost doubled its payouts to executives, from £746,000 in 2021-22 to £1.3m in 2023-24, despite its CEO quitting halfway through the year.

Data from Companies House, analysed by the Liberal Democrats, show that overall bonuses increased from £9.013m last year to £9.127m this year.

The payouts pile further pressure on the regulator, Ofwat, to intervene in the decisions of water company boards. Last year, raw sewage was discharged for more than 3.6m hours into rivers and seas, a 105% increase on the previous 12 months.

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Labour used water industry analysis to argue against nationalisation

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‘Economically illiterate’ Defra letter sent to anti-sewage groups cites 2018 report commissioned by water companies

Labour used “economically illiterate” analysis paid for by water companies in order to argue against the nationalisation of the sector, the Guardian can reveal.

In an official letter recently sent to anti-sewage groups, civil servants cited a paper by the Social Market Foundation as a reason to avoid nationalisation as part of its review of the sector. The report from 2018 was commissioned by United Utilities, Anglian Water, Severn Trent and South West Water.

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Revealed: the ‘catastrophic scale’ of sewage spills in England and Wales

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Water companies have logged five sewage spills a day, every day, for a decade, analysis by the Observer shows

Water companies in England and Wales have averaged five serious sewage spills into rivers or seas every day over the past decade, the Observer can reveal.

Analysis of Environment Agency data has found that the 10 firms recorded 19,484 category 1-3 pollution incidents between 2013 and 2022, the most recent year recorded, an average of one every four and a half hours.

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FTSE 100 firms hand billions in dividend payouts to Qatar investors

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Critics say everyday UK consumer spending has funnelled billions to controversial World Cup host since 2010

Some of the UK’s largest listed companies including water and energy giants have handed almost £500m to Qatari state-owned investors this year, raising concerns that blue-chip company profits are supporting the controversial World Cup host.

The dividend payouts are the result of the Gulf nation’s investments in a raft of FTSE 100 firms, including Barclays, Shell and utility firm Severn Trent, which have reported strong profits amid a cost of living crisis and the worst UK drought in centuries.

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As drought hits, what are UK water company chief executives paid?

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Anger is growing over the huge sums handed to shareholders and executives

Britain’s biggest water companies have come under the spotlight as the nation swelters during what could become the worst drought in 500 years, with hosepipe bans introduced across much of England in an attempt to fend off shortages.

Anger is growing over the huge sums handed to their shareholders and executives, given the companies’ record on tackling leaks and pollution and their failure to build more reservoirs. Politicians and campaigners are now calling for water company bosses to have their bonuses banned until they tackle these issues.

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‘Monster’ fatberg blocks Birmingham sewer

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Mass weighing 300 tonnes not expected to be cleared until June, says water company

Engineers are working around the clock to clear a “monster” fatberg 1km long which is clogging a sewer in Birmingham.

The blockage is not expected to be removed until June, water services company Severn Trent said in a statement, adding that the fatberg was about four miles east of the city centre in Hodge Hill.

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