Summary
The parent company of South West Water faced a backlash from consumer watchdogs and MPs last night after unveiling a 16 per cent jump in profits.
Exeter-based Pennon Group, which owns the region's water supplier, notched up operating profits of pounds175 million. The pre- tax figure of pounds111 million was up 24 per cent.See the full content of this document
Extract
Fury As Water Profits Soar
It was the water company, which covers more than 700,000 households and 1.5 million people in the region, that contributed to the lion's share of the stock market-pleasing figures for the year to March 31.The company last year put up bills by 12.5 per cent.
Oper...See the full content of this document
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