UK: Thames water profits surge

A consumer group called on Thames Water to share its success with customers after it reported a 34% rise in annual profits to £590.1m (€742m) today.

The water company said significant efficiency improvements delivered the turnaround, which followed an 8.4% decline in profits the previous year. With investment now running at £1bn (€1.25bn) a year, Thames said it had met its regulatory target on leakages for the second year in a row.