FCA & Rules 7 October 2026, 12:33 BST

South West Water owner taps investors to fix infrastructure after sewage spills

Trade Hub UK regulation desk (2026-10-07): Pennon slashes dividend and launches £550m cash call ‘to drive improved outcomes for customers and communities’Burnham, take note: water shareholders have… Primary source: original at The Guardian (theguardian.com).

By The Guardian

Pennon slashes dividend and launches £550m cash call ‘to drive improved outcomes for customers and communities’

Burnham, take note: water shareholders have their uses

The owner of embattled South West Water has slashed its dividend and launched a cash call to investors as it attempts to fund infrastructure investment, days after it was hit by a record £7.9m fine for hundreds of sewage spills.

London-listed Pennon said on Wednesday it would tap investors for £550m, as part of a £1bn investment “to drive improved outcomes for customers and communities”.

Source: The Guardian