Anger over profits made by parent company of South West Water

More than 50 people in Devon have been made ill from contaminated water, as South West Water's owner pockets £166m profit.
There have been calls for the owners of the water company Pennon Group, who are embroiled in the parasitic outbreak in Devon affecting thousands of people, to relinquish dividend payments to shareholders.
Read more: news.sky.com/story/briixham-p...
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[@vincescotian8083]

Emmm... No £11M provided from the Water restoration fund v £78Bn in Dividends paid by English Water Companies to shareholders to maintain the level of Sewage

[@NatWestC]

South West Water Said the water was safe to drink, then they said don’t drink it the next day? Then they find out the valve was broken? So what’s the truth? How long was the valve broken or has it not been tested properly? SWW have messed up big time….

[@wildandbarefoot]

The value of investments can go down as well as up. About time shareholders took a severe hit.

[@williamyoung9401]

Or maybe we shouldn't privatize EVERYTHING in our economy?

[@williamyoung9401]

If the residents had simply bought more Corporate water stock, they could use the dividends to buy bottled water. Problem solved!

[@gerrylast]

Sort of, but paying salaries in excess of 500k to bosses that seem happy to pump sewerage over residents is a little rude imo. Time the residents just got together and took one of these companies to court over polluting our waterways, and/or our water supplies.

[@honourthefire9182]

Stop allowing banks like JP Morgan to have shares in UK water. There beholding to shareholders not the maintenence of UK rivers. Wake up. This is a catastrophe in the making.

[@ScottishRoss27]

*English water and English rivers.