Watchdog's Price-Cap Shock Puts Damper On Water Firms [Edition 2]
Evening Standard - London › July 23, 2009
Linked as:
Summary
THE water regulator today signalled the end of the good times for the water companies as an unexpectedly tough price-cap decision by Ofwat sent utilities shares tumbling.
Shares in Midlands giant Severn Trent fell as much as 8%, and there were significant drops at the other quoted water comp anies, United Utilities (the old North West Water), Northumbrian Water (which also owns Essex and Suffolk Water) and Pennon (the renamed South West Water).See the full content of this document
Extract
Watchdog's Price-Cap Shock Puts Damper On Water Firms [Edition 2]
In the years since privatisation, Ofwat has repeatedly allowed the regional monopoly water companies generous ris...
See the full content of this document
Sponsored links
