Water Management 2 April 2026 - 24 April 2026

United Utilities Group PLC’s £800 Million Raise Puts Its £11.5 Billion Water Plan in Focus
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United Utilities Group PLC’s £800 Million Raise Puts Its £11.5 Billion Water Plan in Focus

United Utilities raised £800 million by issuing 60.98 million new shares at 1,312 pence each, with trading set to begin May 5. The funds will support an expanded £11.5 billion investment programme through 2030. Shares fell 2.8% Friday after the fundraising, despite an 11% surge the previous day. The company reported annual underlying revenue of £2.58 billion and profit after tax of £730 million.
May 3, 2026
South East Water Crisis Hits Kent Housing and Home Sales as £22 Million Ofwat Fine Decision Nears (Ofwat)
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South East Water Crisis Hits Kent Housing and Home Sales as £22 Million Ofwat Fine Decision Nears (Ofwat)

Tonbridge and Malling Borough Council now requires planning applicants to prove water capacity, citing South East Water’s inability to support growth beyond 6,318 new homes by 2042—far short of the 19,700 homes in the draft plan. Ofwat is consulting on a proposed £22 million penalty for earlier supply failures affecting over 286,000 people. Some approved housing schemes are being re-examined.
April 2, 2026