Thames Water spent £136m on securing emergency funding, leaked document suggests ‘Atypical expenditure’ document suggests utility’s costs over 12 months outstripped the £130m it paid in fines The Guardian - UK · Jul 12, 2025
Boss of South West Water owner Pennon to retire Susan Davy said she will step down as chief executive and director on the South West Water parent firm’s board after 18 years with the firm. Evening Standard · Jul 11, 2025
South West Water allowed to invest £24m rather than pay £19m fine Campaigners say Ofwat ‘subservient to industry and its rampaging pursuit of profit’ after illegal sewage discharges The Guardian - UK · Jul 10, 2025
Water company agrees to pay £24 million after sewage leaks The company agreed to pay the enforcement package after Ofwat’s investigation found a ‘range of failures’ The Independent UK · Jul 10, 2025
South West Water agrees to pay £24m after watchdog finds wastewater leaks Ofwat said its investigation found a ‘range of failures’ in how the water company managed its wastewater treatment works and sewer network. Evening Standard · Jul 10, 2025
Thames Water Under Fire After Emergency Loan Was Given As 'Extravagant' £2.5m Bonuses Thames Water used funds from an emergency loan to pay £2.46 million in bonuses to 21 managers, despite the loan being intended to keep the troubled company afloat. International Business Times UK · Jul 9, 2025
Thames Water refuses to claw back bonuses paid using £3bn emergency loan Money was paid out from loan meant to stabilise firm’s finances weeks before it paused retention payments plan The Guardian - UK · Jul 9, 2025
Thames Water bosses recalled before MPs to face grilling on bonuses and rescue Ofwat has confirmed that £2.5 million of bonus payments made to 21 senior Thames Water executives in April cannot be clawed back. Evening Standard · Jul 9, 2025
Macquarie digs deeper for redemption at Southern Water. There was no alternative Infamous former owner of Thames Water coughs up more capital in bid to turn around badly performing utility The Guardian - UK · Jul 1, 2025
Southern Water owners to invest up to £1.2bn in troubled utility Australia’s Macquarie leads consortium putting up funds to help firm avoid breach of regulatory licence The Guardian - UK · Jul 1, 2025
The UK is getting drier. Could reusing greywater help? Experts say the average Briton uses too much water per day and societal change needs to start today to tackle looming water crisis The Guardian - UK · Jun 23, 2025
Thames Water lenders demand government effectively block campaigners from legal action Creditors owed £13bn say ministers should prioritise ‘environmental betterment over punitive enforcement’ The Guardian - UK · Jun 22, 2025
Government will not be lenient with Thames Water creditors, suggests Reed The company’s creditors have asked regulators to go easy over performance targets and fines for environmental failings. Evening Standard · Jun 19, 2025
Ofwat should have to approve water firms’ bonuses and dividends, say MPs Report says billpayer funds are being used irresponsibly, after news that Thames Water paid bonuses from £3bn loan The Guardian - UK · Jun 15, 2025
Evening Standard · Jun 15, 2025 Water sector needs ‘root-and-branch’ reform, MPs say The Environment, Food and Rural Affairs committee have said that the industry is ‘failing’ but water companies are ‘deaf to the crisis’.
The Independent UK · Jun 9, 2025 Thames Water lenders offer £17 billion rescue deal in return for looser rules The deal would also see “several billion” pounds’ worth of debt written off
The Guardian - UK · Jun 9, 2025 Thames Water creditors offer up £5bn as part of emergency turnaround plan Regulator Ofwat concerned that plans do not write off enough debt to secure investment-grade credit rating
The Guardian - UK · Jun 9, 2025 Thames Water’s creditors are being too greedy If group of lenders has any prospect of getting its proposal to fly, some of its big numbers will have to look very different
Evening Standard · Jun 9, 2025 Creditors table £17bn plan for Thames Water but call for regulatory leniency The lenders in the utility are proposing to invest another £3 billion in new equity and £2 billion of funding, but also write off billions of debt.
The Guardian - UK · Jun 9, 2025 MPs ask minister if he will claw back Thames Water executive bonuses Chair of troubled firm admits 21 senior managers were paid 50% of base salary on 30 April
The Guardian - UK · Jun 7, 2025 Bidders demand Thames Water granted immunity over environmental crimes Exclusive: ‘Ransom note’ requests would leave Environment Agency unable to prosecute company or management
Advnture · Jun 6, 2025 Is the tide turning for wild swimmers? Lawmakers step in to block bonuses for English water bosses behind surging lake and river pollution Weeks after Thames Water was fined £123 million for pollution and questionable payouts to investors, the UK government has banned bonuses for many of the nation's water company executives
Evening Standard · Jun 6, 2025 Water firms would be foolish to increase salaries to get around bonus ban – Reed Six firms have been banned from paying bonuses to senior bosses under new rules that came into force on Friday.
The Independent UK · Jun 5, 2025 The water firms banned from paying bonuses to senior bosses under new laws Campaign group River Action have called the move a “welcome step” but said that increased salaries should be prevented
The Independent UK · Jun 5, 2025 Six water companies banned from paying bonuses to senior bosses New rules ban bonuses if a water company does not meet environmental or consumer standards or does not meet financial resilience requirements.