Thames Water creditors secure former Labour minister to drive rescue deal Stricken UK water supplier lines up John Hutton as independent chair designate if takeover goes ahead The Guardian - UK · Oct 20
Burnham urges officials to come up with more radical options for Thames Water Exclusive: Utility seen as ‘litmus test’ of PM’s promise to bring ‘essentials of life’ under public control The Guardian - UK · Oct 19
The water torture goes on at Thames. Sector-wide reform isn’t moving much faster If ‘public control’ bit is delaying overhaul, that needs to be nailed down sharpish or continued uncertainty could be costly The Guardian - UK · Oct 15
Thames Water asks for £2.4bn more to avoid going bust this year or early 2027 Water company tells creditors it will not survive long enough to agree refinancing deal without more money The Guardian - UK · Oct 15
English and Welsh water firms could be forced to return £107m via lower bills Yorkshire and Thames among providers facing penalties for missing performance targets, but bills could rise elsewhere The Guardian - UK · Oct 14
MPs urge ministers to break off Thames Water talks with US hedge funds Efra committee calls for emergency legislation enabling government to take public control of the company The Guardian - UK · Sep 18
Thames Water redraws mega-reservoir plan amid local opposition A targeted public consultation has opened on the 150bn-litre above-ground White Horse project in Oxfordshire The Guardian - UK · Sep 14
Thames Water creditors accused of ‘shuffling chairs on Titanic’ with plan for new board Campaigners say proposal for £10bn rescue deal in bid to avoid nationalisation is a ‘cosy stitch-up’ The Guardian - UK · Aug 24
Thames Water’s £1m payout to finance chief is ‘unacceptable’, says government department Utility firm’s payment criticised by Defra and campaign groups, with some urging Andy Burnham to nationalise it The Guardian - UK · Aug 10
Water bosses’ pay rises despite bonus ban and public fury over bills and pollution Exclusive: Eight companies expect to be covered by the ban for 2025-26, the Guardian can reveal The Guardian - UK · Jul 24
Burnham has forced greater clarity at Thames Water. Now he must choose Bondholders are suddenly showing flexibility after 18 wasted months at ailing utility company The Guardian - UK · Jul 21
Thames Water investors offer ‘golden share’ in bid to head off nationalisation Move would give government veto over big decisions and hostile takeovers, after Burnham’s call for greater public control The Guardian - UK · Jul 21
Thames Water creditors seek talks with Burnham as nationalisation looms Consortium preparing for potential legal battle amid reports new PM could put the company into temporary public ownership The Guardian - UK · Jul 19
Thames Water increases bonus payments to £4m despite uncertainty over future Annual results show struggling firm’s net debt has risen to £19.7bn, up from £17.7bn a year earlier The Guardian - UK · Jul 15
The Guardian - UK · Jul 15 China grows at one of lowest rates on record; Thames Water has funds to survive to year end – as it happened Thames Water says it has £515m cash in the bank as its debts swell to £18.5bn
The Guardian - UK · Jul 8 ‘More public control’: what will Burnham do about water and energy? In the fifth of a series on nationalisation, we look at utilities – including the cost of ending private ownership
The Guardian - UK · Jul 7 Thames Water creditors ‘will bid for company even if it is nationalised’ Group of 100 investors still discussing £10bn rescue proposal with officials from regulator Ofwat, says report
The Guardian - UK · Jul 1 ‘Complicated and expensive’: Burnham is right about the risks of nationalisation Track record of Welsh Water shows changing ownership status is not the answer to all the woes in the utilities sector
The Guardian - UK · Jun 28 Will Andy Burnham ‘go big’ in expanding the role of the state? In the first of a series on nationalisation, we look at the critical tests ahead for the PM-in-waiting, from choosing a chancellor to the future of Thames Water
The Guardian - UK · Jun 24 BT pension scheme lost £300m on Thames Water stake Loss came after decision to write off 8.7% equity stake in water company moving closer towards nationalisation
The Guardian - UK · Jun 16 The tide is turning on Thames Water: special administration looks best It is still not totally clear what the government wants but the political mood seems to be shifting towards a decision
The Guardian - UK · Jun 16 Thames Water nationalisation moves closer as government objects to rescue deal Environment secretary raises concerns that customers would face ‘undue burden’ from £10bn plan
The Guardian - UK · Jun 16 Brent crude falls to three-month low below $80 as Iranian oil tankers ‘resume shipping’ – as it happened Rolling coverage of the latest economic and financial news
The Guardian - UK · May 19 Thames Water rescue deal threatened by uncertainty over next prime minister Exclusive: Potential investors fear Andy Burnham could push to bring utility companies into public ownership
The Guardian - UK · May 17 Thames Water investors say temporary nationalisation would slow its recovery Comments come after Andy Burnham says he would renationalise water and other businesses as PM