Bank of England leaves UK interest rates on hold in 6-3 split; UK shipmaker Harland & Wolff rescue agreed – business live
Final UK interest rate decision of the year, as Spain’s Navantia agrees a deal to purchase Harland & Wolff’s four shipyardsThames Water to get green light to hike bills by more than a third by 2030Thames Water has been fined £18.2m for paying “unjustified” dividends to shareholders.Ofwat has ruled that Thames breached its licence obligations by paying £37.5m of interim dividend payments in October 2023, and a further £158.3m in March 2024.“Ofwat’s £18 million penalty and clawing back the value of £131 million in unjustified dividend payments is a clear warning to the whole sector: We will take action against companies who take money out of these businesses, where performance does not merit it.” Continue reading...
Final UK interest rate decision of the year, as Spain’s Navantia agrees a deal to purchase Harland & Wolff’s four shipyards
Thames Water has been fined £18.2m for paying “unjustified” dividends to shareholders.
Ofwat has ruled that Thames breached its licence obligations by paying £37.5m of interim dividend payments in October 2023, and a further £158.3m in March 2024.
“Ofwat’s £18 million penalty and clawing back the value of £131 million in unjustified dividend payments is a clear warning to the whole sector: We will take action against companies who take money out of these businesses, where performance does not merit it.” Continue reading...
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