We collect cookies to analyze our website traffic and performance; we never collect any personal data.Cookies Policy
Accept
Michigan Post
Search
  • Home
  • Trending
  • Michigan
  • World
  • Politics
  • Top Story
  • Business
    • Business
    • Economics
    • Real Estate
    • Startups
    • Autos
    • Crypto & Web 3
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Beauty
    • Art & Books
  • Health
  • Sports
  • Entertainment
  • Education
Reading: Ofwat probes funds to water bosses after Yorkshire row
Share
Font ResizerAa
Michigan PostMichigan Post
Search
  • Home
  • Trending
  • Michigan
  • World
  • Politics
  • Top Story
  • Business
    • Business
    • Economics
    • Real Estate
    • Startups
    • Autos
    • Crypto & Web 3
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Beauty
    • Art & Books
  • Health
  • Sports
  • Entertainment
  • Education
© 2024 | The Michigan Post | All Rights Reserved.
Michigan Post > Blog > Business > Ofwat probes funds to water bosses after Yorkshire row
Business

Ofwat probes funds to water bosses after Yorkshire row

By Editorial Board Published August 25, 2025 2 Min Read
Share
Ofwat probes funds to water bosses after Yorkshire row

The water trade watchdog is probing funds to the bosses of a string of suppliers following the revelation that Yorkshire Water’s offshore guardian firm had handed its chief government greater than £1m in beforehand undisclosed charges.

Business sources mentioned on Monday that among the greatest operators within the sector have been among the many recipients of Ofwat’s letter.

Disclosure of the regulator’s enquiries comes within the wake of a report in The Guardian which mentioned Nicola Shaw, the Yorkshire Water boss, had acquired funds of £660,00 from Jersey-registered Kelda in every of the final two monetary years.

A supply near Ofwat insisted that its investigation of comparable pay preparations had been deliberate previous to the reporting of Ms Shaw’s remuneration.

“We are currently reviewing water companies’ compliance with the performance-related pay prohibition rule.

“As a part of this evaluation, we’ve written to a number of firms to request extra info on the remuneration choices they’ve set out of their annual accounts.

“Where we find evidence that a company has breached the rule, we have powers to direct companies to take remedial actions which, if not complied with, can result in companies facing enforcement action – including financial penalties.”

Water trade pay has grow to be an more and more incendiary subject in latest months amid a slew of fines levied in opposition to operators throughout Britain for his or her failure to forestall leaks and main air pollution incidents.

TAGGED:bossesOfwatpaymentsProbesrowWaterYorkshire
Share This Article
Facebook Twitter Email Copy Link Print

HOT NEWS

All members of UN Safety Council besides US say Gaza famine is ‘artifical disaster’

All members of UN Safety Council besides US say Gaza famine is ‘artifical disaster’

World
August 27, 2025
18 Epic Labor Day Weekend Magnificence Gross sales You Have to Know

18 Epic Labor Day Weekend Magnificence Gross sales You Have to Know

It’s already Labor Day, and whereas I'm all the time a little bit (lots) unhappy…

August 27, 2025
Cookie Baking Ideas – Good Low cost Eats

Cookie Baking Ideas – Good Low cost Eats

Bake somebody joyful at the moment. Embody cookies. Undecided how? You possibly can discover ways…

August 27, 2025
'Non secular leaders' accused of utilizing followers as private servants, pressured laborers at name facilities in a number of states

'Non secular leaders' accused of utilizing followers as private servants, pressured laborers at name facilities in a number of states

TAMPA, Fla. (WFLA) – Two "self-professed religious leaders" had been indicted Wednesday on federal fees…

August 27, 2025
Market Discuss – August 27, 2025 | Economics

Market Discuss – August 27, 2025 | Economics

ASIA: The main Asian inventory markets had a blended day as we speak: • NIKKEI…

August 27, 2025

YOU MAY ALSO LIKE

Bonuses to rise for Ryanair employees recognizing outsized baggage

Ryanair employees are to get extra money for recognizing and charging for outsized baggage, the corporate's chief government has mentioned.…

Business
August 27, 2025

Wagamama-owner Apollo amongst suitors for espresso chain Costa

The funding big which owns Wagamama eating places is among the many potential suitors circling Costa, Britain's greatest excessive road…

Business
August 27, 2025

Power worth cap: The altering face of your invoice as poverty and local weather calls for develop

The small enhance in home vitality payments introduced right this moment confirms that costs have stabilised because the ruinous spikes…

Business
August 27, 2025

Thames Water agrees wonderful cost plan – as future hangs in steadiness

Money-strapped Thames Water has agreed a cost plan with regulators to cowl off a report wonderful that threatened to exacerbate…

Business
August 27, 2025

Welcome to Michigan Post, an esteemed publication of the Enspirers News Group. As a beacon of excellence in journalism, Michigan Post is committed to delivering unfiltered and comprehensive news coverage on World News, Politics, Business, Tech, and beyond.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 | The Michigan Post | All Rights Reserved

Welcome Back!

Sign in to your account

Lost your password?