Category Archives: Severn Trent

FTSE 100 firms hand billions in dividend payouts to Qatar investors

Posted on by

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.

Continue reading...

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

Posted on by

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.

Continue reading...

‘Monster’ fatberg blocks Birmingham sewer

Posted on by

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.

Continue reading...