shareholders

Ofwat modifies licenses to boost financial resilience

Ofwat has modified the licences of water companies in England and Wales, with the exception of Wessex Water, to limit the amount of money shareholders can be paid if a water company is in financial difficulty. The regulator expressed disappointment that Wessex had not consented to the change and said it would "consider how to proceed".

21/07/2020

News

Pennon shareholders give green light to Viridor sale

Pennon shareholders approve the sale of waste management business Viridor to US private equity firm as the company focuses on opportunities in the water and wastewater sector.

28/05/2020

News

Energy efficiency investor raises £72m in share placing

Energy efficiency investor SDCL Energy Efficiency Income Trust (SEEIT) has raised £72 million in a share placing to fund future acquisitions.

18/04/2019

News

Drax shareholders revolt over executive pay increase

Almost a fifth of shareholders at Drax rejected a motion to approve its remuneration report increasing executive pay during the company’s annual general meeting.

18/04/2019

News

Weather hits SSE’s operating profits by £80 million in Q1

The company blamed the weather for a low output from renewable sources in a trading update, ahead of its annual general meeting (AGM) later today (19 July). Shareholders will be asked to back the proposed merger of the company’s retail arm with Npower at a general meeting after the AGM.

19/07/2018

News

SSE boss urges investors to back Npower merger

SSE’s chairman Richard Gillingwater has urged shareholders to vote through its deal to merge with fellow big six energy supplier Npower.

28/06/2018

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