- Pennon, which owns South West Water, Bristol Water and Bournemouth Water, is tapping investors for £550m after a series of sewage spills.
- Prime minister Andy Burnham criticised the industry at the Labour party conference, saying water is "a service where the shareholders never lose and the public never win".
- The columnist argues shareholders have their uses because they can be squeezed for cash, framing the equity raise as a way to make investors pay for the industry's failings.
Quotes
“a service where the shareholders never lose and the public never win”
“Owner of South West Water, Bristol Water and Bournemouth Water is tapping its investors for £550m after sewage spills”