Thames Water wins court approval to secure ‘critical’ £3bn cash lifeline Decision came after protesters called on judges to block a financial bailout they say will cost customers £250 a year The Guardian - UK · Dec 17, 2024
Water supplies returning to ‘normal’ after treatment works fault Sutton and East Surrey (SES) Water said customers around Sutton, Morden and Epsom could be affected as it carried out essential repairs. Evening Standard · Dec 17, 2024
Residents warned of ‘complete loss of water supply’ after treatment works fault Sutton and East Surrey Water said its customers around Sutton, Morden and Epsom could be affected as it carried out ‘essential repairs’ on Monday. Evening Standard · Dec 16, 2024
Water companies urged to step up help on bills for vulnerable customers Regulator poised to reveal steep price rises as campaigners in England and Wales fear water will become unaffordable The Guardian - UK · Dec 15, 2024
Public anger over water bill rises is justified, says UK environment secretary ‘Complete reset’ of water industry needed in face of poor service, pollution and leaks, says Steve Reed The Guardian - UK · Dec 15, 2024
Cost of average UK Christmas dinner rises by 6.5%, says Kantar; Ashtead to move listing to US – as it happened Christmas dinner for four costs £32.57 as price of turkey and vegetables rises; wider grocery inflation climbs to 2.6% The Guardian - UK · Dec 10, 2024
Thames Water will run out of cash by March without £3bn emergency funding Britain’s biggest water supplier reports 40% increase in pollution incidents, blaming a wet spring and summer The Guardian - UK · Dec 10, 2024
Investors line up ahead of Thames Water deadline for £3.3bn equity raise Castle Water is said to be among those planning to put in potential bids for an equity cash injection into Thames Water. Evening Standard · Dec 4, 2024
Water firms push for higher shareholder returns as Ofwat considers bills increase Companies say higher returns are needed to ensure record infrastructure investment across industry is delivered The Guardian - UK · Dec 3, 2024
Cambridge water credits are a gift for developers Letter: Cambridge councillor Jean Glasberg on how large-scale developments can be pushed through by the government in an area that’s the driest in the country The Guardian - UK · Nov 28, 2024
Pennon losses widen after South West Water’s parasite outbreak in Devon London-listed company Pennon said the incident in Brixham, south Devon, cost it £16.3 million, contributing to deepening first-half losses. Evening Standard · Nov 27, 2024
Scottish Water launches £9 billion programme that 'could create 4000 jobs' SCOTTISH Water has launched an enormous £9 billion procurement programme ... The National (Scotland) · Nov 26, 2024
'First of its kind in Europe': Work completed on Scottish reservoir energy scheme CONSTRUCTION of a “first of its kind in Europe” hydro energy scheme has been completed at a Scots reservoir, the country’s water service has… The National (Scotland) · Nov 25, 2024
Which water companies are in financial trouble – and which paid out bonuses? As regulators try to clamp down on water company bonuses, the PA news agency breaks down what is going on at each firm around the country. Evening Standard · Nov 21, 2024
The Guardian - UK · Nov 21, 2024 Water companies blocked from paying bonuses out of customer money Regulator uses new powers to ensure investors pay at Thames, Yorkshire, and Dŵr Cymru Welsh Water
The Guardian - UK · Nov 20, 2024 Severn Trent’s profits triple as it fails drinking water risk rules Half-year profits of £192m come despite being ‘in penalty’ over quality
The Guardian - UK · Nov 10, 2024 Thames Water board split over two competing deals to save it from insolvency Split comes despite chair’s preference for deal from group including US hedge funds Elliott Partners and Silver Point plus others
Evening Standard · Nov 6, 2024 Two in five households will struggle with water bill increases, report warns The figure is more than double the 18% who say they have difficulty paying their current bill, the Consumer Council for Water said.
The Conversation · Nov 4, 2024 The lack of water in South Africa is the result of a long history of injustice – and legislation should start there Water scarcity is a serious problem in many parts of the world. It adds to inequalities between communities and keeps historical injustices in place. One of the countries where this is an issue is South Africa. The country has a semi-arid climate, frequent droughts and relatively low average annual rainfall.…
The Independent UK · Nov 4, 2024 Thames Water creditors try to rally more investors for £1.5bn rescue funding The water company’s lenders, including investment giants BlackRock, Abrdn and M&G, want more firms to take part in their rescue funding deal.
Evening Standard · Nov 3, 2024 Chris Packham joins protesters in central London at clean water march An estimated 15,000 people joined a range of environmental groups on the March for Clean Water to demand tougher action on protecting UK waterways.
The Guardian - UK · Oct 25, 2024 Struggling Thames Water pushes for £3bn lifeline with cash due to run out in December Fresh funds are ‘liquidity bridge’ to stabilise firm and give it time to secure long-term investment, says boss
Evening Standard · Oct 25, 2024 Thames Water reveals £3 billion emergency financing plan to keep it solvent until October 2025 Proposals could provide Thames with up to £3 billion of lifeline cash
Evening Standard · Oct 23, 2024 Demand for drinking water could outstrip supply by mid-2030s, Government warns Environment Secretary Steve Reed stressed the need for more reservoirs and better water infrastructure.
The National (Scotland) · Oct 23, 2024 Nationalising water in England 'would cost £100bn and won't resolve issues' THE UK and Welsh governments have announced the largest review of the water sector since privatisation – as the Environment Secretary claimed…