financetom
Business
financetom
/
Business
/
UK regulator proposes $33 million enforcement on South West Water
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
UK regulator proposes $33 million enforcement on South West Water
Jul 9, 2025 11:40 PM

July 10 (Reuters) - British water regulator Ofwat said

on Thursday that it has proposed a 24-million-pound ($32.7

million) enforcement package on South West Water for "failures

in managing its wastewater treatment works and network".

Pennon, which owns the South West Water utility,

said in a separate statement it would work on reducing spills

and address environmental pollution by 2030 under the

enforcement package, which was in lieu of penalty of 19 million

pounds.

($1 = 0.7348 pounds)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Ex-Goldman banker Leissner sentenced to two years in prison in 1MDB case
Ex-Goldman banker Leissner sentenced to two years in prison in 1MDB case
May 29, 2025
NEW YORK (Reuters) -Former Goldman Sachs banker Tim Leissner was sentenced to two years in prison by a judge in a New York court on Thursday after playing a key role in a multi-billion dollar scandal involving Malaysia's sovereign fund 1MDB. Malaysian and U.S. authorities estimated $4.5 billion was stolen from 1MDB in an elaborate scheme that spanned the globe...
Volkswagen in 'fair' talks with Washington on tariffs, says CEO
Volkswagen in 'fair' talks with Washington on tariffs, says CEO
May 29, 2025
BERLIN (Reuters) -Volkswagen is holding fair and constructive talks with the United States government on tariffs and wants to make further investments in the country, CEO Oliver Blume told German newspaper Sueddeutsche Zeitung. So far, we have had absolutely fair, constructive discussions, Blume told the newspaper in an interview published on Friday. I was in Washington myself and we have...
Ex-Goldman banker Leissner sentenced to two years in prison in 1MDB case
Ex-Goldman banker Leissner sentenced to two years in prison in 1MDB case
May 29, 2025
* Leissner cooperated with authorities, aiding 1MDB investigation * Goldman Sachs ( GS ) fined $3 billion, Malaysian unit pleaded guilty * Ex-colleague Roger Ng previously sentenced to 10 years, transported to Malaysia for probes * Malaysian minister urges maximum jail term for Leissner (Adds Malaysian minister's response; paragraphs 13-14) By Saeed Azhar NEW YORK, May 29 (Reuters) - Former...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved