Ofwat

Ofwat chief black to resign before Watchdog’s abolition | Money news Aitrend

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Ofwat chief black to resign before Watchdog’s abolition | Money news Aitrend

The director general of Ofwat must resign in a few months while the regulator of the besieged water of Great Britain is preparing to be abolished by the ministers. Sky News has learned that David Black is preparing to leave Ofwat following discussions with his board of directors, led by President Iain Chemin. The time … Read more

Thames Water fined £18m by Ofwat for breaching shareholder payment rules | Money News Aitrend

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Thames Water fined £18m by Ofwat for breaching shareholder payment rules | Money News Aitrend

The UK’s largest water company has been fined £18.2m for “unjustified” dividends which the regulator said broke shareholder payment rules. Thames water has been hit with a penalty by water regulator Ofwat over £195.8 million in dividends paid in October 2023 and March 2024. This is the first time Ofwat has used such enforcement powers … Read more