Finance and Investment
New Chancellor Rishi Sunak has set out details of additional funding for flood infrastructure in the UK in today’s Budget speech, together with announcing the establishment of a new Nature for Climate Fund.
Fitch Ratings agency has has downgraded Wessex Water to 'BBB' from 'BBB+' and holding company Wessex Water Ltd's (WWL) Long-Term Rating to 'BBB-' from 'BBB' – the outlook is stable.
The Association of British Insurers (ABI) is warning that insurers expect to make payments to customers hit by the recent Storms Ciara and Dennis of over £360 million, according to initial estimates.
Moody's Investors Service has downgraded Sutton and East Surrey Water’s senior secured underlying debt rating from Baa1 to Baa2 and also confirmed Anglian Water’s current ratings – the outlook on both companies’ ratings is negative.
S&P Global Ratings has announced that it has downgraded four UK water utilities, after they accepted the final determination of Ofwat’s price review (PR19) in December.
- S&P and Moody's ratings agencies downgrade Welsh Water following Ofwat's Final Determination
- World Economic Forum report warns over half the world’s total GDP exposed to risks from nature loss
- Mark Carney to play key role in UN climate change conference in Scotland
- Fitch Ratings warns Ofwat Final Determinations better than draft - but rating pressure persists
Latest Tenders
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United Kingdom – Coventry: Biosolids recycling and associated services. Deadline: PME 01.04.2025 March 12, 2025
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United Kingdom – Glasgow: Supply of Low Emission Structural Steel & Rebar. Deadline: 04.04.2025 March 6, 2025
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United Kingdom – Belfast: Collection & Transportation of Water & Wastewater Samples. Deadline: RFI March 6, 2025
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Expert Focus
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Thames Water starts work on £20 million pipe upgrade in Islington February 13, 2024
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