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Water utilities seek £550m from investors after sewage spills
The article argues that dividend payouts to shareholders, totaling about £80bn over roughly 35 years, have limited public wins as scrutiny of the sector grows.
The Guardian Business describes how the owners of water utilities, including South West Water, Bristol Water and Bournemouth Water, are tapping investors for £550m following sewage spills.
The piece cites remarks from UK Prime Minister Andy Burnham to the Labour party conference, saying the industry is a service where, in his view, “shareholders never lose” while the public does not win.
It also points to dividend payments of about £80bn over the past 35 years as an example of shareholder rewards.
The article further contends that the idea that shareholders never lose is outdated, while it frames public anger at the sector as widespread.