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Welsh Water ordered to pay £44.7m for ‘unacceptable’ wastewater breaches


By Michael Griffiths

Welsh Water has been ordered to pay £44.7m by Ofwat after an investigation by the water regulator found “serious and unacceptable breaches” in its wastewater network.

Ofwat said that Welsh Water had failed to “operate, maintain and upgrade its wastewater assets adequately” to ensure they could cope with the flows of sewage and wastewater coming to them


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On The Beach shares hit by Middle East crisis

On The Beach has recorded a 12% drop in its share price after reporting a "significant slowdown" in demand following the conflict in the Middle East

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Trainline reports ‘robust’ results as rail sales rise

Trainline has reported a “robust” set of figures in its latest annual results, which the rail travel platform said was in line with its trading expectations

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Revolut secures UK banking licence

Revolut has received regulatory approval from the Prudential Regulation Authority (PRA) to launch as a bank in the UK

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Savills shares fall despite strong performance

Shares in Savills have dropped by over 7% in early trading, despite the company posting an 11.4% increase in underlying profit before tax, which totalled £145.3m in the 12 months to 31 December

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Aviva unit fined £10.6m by PRA for solvency error

A unit of Aviva, U K Insurance Limited (UKI Ltd), has been fined £10.6m by the Prudential Regulation Authority (PRA) over a Solvency II balance sheet miscalculation during 2023 and 2024

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L&G reports 6% profit increase as share price drops

Legal & General (L&G) has reported a "strong financial performance" in 2025, as its core operating profit jumped by 6% year-on-year to £1.62bn

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Capita swings to loss in 2025

Capita has revealed that it swung to a pre-tax loss of £170.9m in 2025, falling from a profit of £116.6m in 2024.

The business outsourcing company said the loss was exacerbated by a £73.7m impairment from its call centre business, which has seen a reduction in clients amid the rise of AI

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Persimmon shares up 7% following full-year results

Shares in Persimmon jumped by over 7% in early trading after the housebuilder recorded a 17% increase in group revenue, totalling £3.75bn in the year to 31 December

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Domino’s lands in line with expectations

Domino’s full-year results fell in line with expectations, following a "solid finish" over the Christmas trading period, it said

Swedish private equity group pumps fresh funds into Yorkshire Water

Yorkshire Water has announced that Swedish private equity group, EQT, has agreed to acquire a 42% stake in Kelda Holdings, the water firm’s parent company
Clarkson profits dip amid shipping market uncertainty

Shipping services provider Clarkson has announced a dip in pre-tax profit to £86.7m in 2025, falling from £112.1m a year earlier
Costain profits up as construction company closes year with record forward book

Costain has reported a 9.3% jump in adjusted operating profit to £47.1m in its latest annual results


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