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Listed utilities have been having a hard time of it recently, but infrastructure funds have managed to maintain bull market returns. Nigel Hawkins looks at the top funds investing in the UK.
7 years ago
Ancala got outbid by Severn Trent for Dee Valley Water, but it found itself in a field of one when chasing Portsmouth. Katey Pigden asks whether we can expect more WOCs to change hands.
Environment secretary Michael Gove has accused some water companies of exploiting their monopoly power by “playing the system”.
"Aggressive dividends are at the heart of the public distrust"
Energy storage lost out in the latest capacity market auction, with a mere 153MW de-rated capacity agreeing contracts. But continued investor interest in a broad range of storage technologies suggests there is still hope for it yet.
Greencoat UK Wind has grown the value of its portfolio to over £1.4 billion after investing more than £500 million in wind generation in 2017.
Its financial results for 2017 saw profits dive, prompting Centrica to announce further job losses and cost cutting. Its share price has rallied, but has it done enough? Tom Grimwood reports.
Environment secretary Michael Gove is expected to be among the speakers at Water UK’s main annual event, the City Conference in London today (1 March).
The boss of Drax Power says he is confident the company will be able to secure capacity market contracts for new gas turbines, despite the record-low price in the latest auction.
A groundbreaking tidal power project planned for Swansea Bay can be delivered on the same terms as the Hinkley Point nuclear power station, a Conservative MP has claimed.
Yorkshire Water has announced another multi-million pound investment, which the company hopes will increase innovation, improve efficiency and keep customers’ bills “as low as possible”.
Drax Group has seen a rise in earnings despite the loss of £5 million due a fire at its Yorkshire power station which led to the temporary shut-down of two biomass units.
"The UK storage industry has expanded rapidly over the past two years"
8 years ago
"To be valued and trusted, every aspect of our business needs to be world class"
The utilities sector has been notoriously slow to embrace data analytics, but the progress it
The government has failed to keep track of the sums paid out under the renewable heat incentive (RHI) scheme to encourage the uptake of low carbon heating systems, the National Audit Office (NAO) has concluded.
Centrica has announced the loss of 4,000 jobs in the face of stiff competition and the looming price cap on energy tariffs.
Scottish Power profits have dipped after its retail arm saw its earnings halved during 2017, partly due to the loss of around 200,000 customers.
Portsmouth Water has been acquired by infrastructure investment manager Ancala Partners for an undisclosed sum, although Utility Week understands the deal could be worth around £150 million.
EDF Energy profits have plunged due to a drop in energy consumption and lower power prices during 2017.