Birmingham-based Severn Trent said on Wednesday that it had probably missed targets for stemming leaks from its pipeline network.
BBC: NEWS | Business | Water firms boost profit streams
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The water company Severn Trent is raising money by offering an inflation-linked corporate bond to the public, rather than to professional investors.
BBC: Severn Trent launches new bond for private investors
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It has warned of flooding in places including Gloucester, Oxford, Abingdon and York and raised concerns about slow-responding rivers including the Thames, Trent and Severn.
BBC: UK floods: Rescue boat take villagers to buy supplies