Summary
A s THE nation is now well aware, there are huge gains to be made in fixing leaking water pipes and attending to the sewage system. Entirely by coincidence, less than a month after Totnes MP Anthony Steen resigned over his expenses claims in May, South West Water saw its operating profit rise by 3.6 per cent to pounds191.6 million.
In January its parent group, Exeter-based Pennon was promoted to the FTSE 100, making it the only company based in Devon and Cornwall to be included in the list of top UK companies. Last month, it posted profits up 7 per cent to pounds259 million, with its Taunton- based waste wing, Viridor, seeing its profits rise by 12.7 per cent, making pounds65.5 million.See the full content of this document
Extract
Investment Up As Firms Look to the Future
However, SWW's 1.6 million regional consumers were less satisfied than the company's shareholders no doubt were with the 6 per cent increase in the full-year dividend to 21p a share. There were calls upon SWW to "share" its success with customers.
SWW chief executive Chris Loughlin said the company was aware tha...See the full content of this document
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