What now for Thames Water as investors turn off the taps? With £500m of emergency funding withdrawn, calls are growing for the stricken company to be taken into public ownership The Guardian - UK · Mar 30, 2024
Thames Water on road to state rescue amid investor standoff with Ofwat After regulator resists 40% increase in bills, shareholders deny request for more money – raising prospect of nationalisation The Guardian - UK · Mar 28, 2024
UK's Biggest Water Supplier Plunges Into Deeper Financial Crisis Debt-plagued Thames Water has failed to raise a major cash injection from shareholders, it revealed Thursday, blaming industry regulations that made its rescue plan "uninvestable". International Business Times · Mar 28, 2024
Thames Water boss under fire as he says bills have to go up by 40% The Communities Secretary branded the water company’s leaders ‘a disgrace’ and claimed the firm had acted in an ‘arrogant way’ towards its customers Evening Standard · Mar 28, 2024
Financial Crisis At UK's Biggest Water Supplier Worsens Debt-plagued Thames Water revealed Thursday that it failed to raise a major cash injection from shareholders, blaming industry regulations that made its rescue plan "uninvestable". International Business Times · Mar 28, 2024
Who will win in standoff between Thames Water’s investors and watchdog? Ofwat denies shareholder demands for higher bills and looser environmental regulation The Guardian - UK · Mar 28, 2024
Regulators urged to act over water companies’ record sewage discharge Government asked to put ‘people and planet before profits’ as analysis shows potential illegal discharging of raw sewage The Guardian - UK · Mar 27, 2024
Water companies in England face outrage over record sewage discharges Call for environmental emergency to be declared after data reveals 105% rise in raw sewage discharges over past 12 months The Guardian - UK · Mar 27, 2024
4m hours of raw sewage discharges in England in 2023, data expected to show Exclusive: Environment Agency figures to be released on Wednesday to reveal 129% increase in total discharges on previous 12 months The Guardian - UK · Mar 26, 2024
The fate of Thames Water hangs in the balance. So what are its options? Troubled utilities firm at risk of running out of money by end of April or of cash crunch The Guardian - UK · Mar 22, 2024
UK watchdogs say they will take action against ‘threatening’ debt collectors Joint letter from regulators targets finance and utility sectors for volume and tone of correspondence to vulnerable customers The Guardian - UK · Mar 18, 2024
Put Thames Water into special administration, Lib Dems tell ministers Party calls for firm to be wound up as it seeks shareholder bailout, higher bills and lower fines The Guardian - UK · Mar 15, 2024
‘I’ve seen solid waste float by’: Surrey riverside residents try to Stop the Poo The sewage treatment works at Horley seem to be crumbling, much like owner Thames Water itself The Guardian - UK · Mar 12, 2024
Come clean on secret taxpayer rescue plans for Thames Water, MP demands Exclusive: Sarah Olney to press in parliament for details of scheme being drawn up in event of supplier’s collapse The Guardian - UK · Mar 12, 2024
The Guardian - UK · Mar 12, 2024 Thames Water accused of ‘misleading’ customers over level of debt payments Britain’s biggest water company said just 3p in every pound that appeared on bills went to its lenders
The Guardian - UK · Feb 29, 2024 Ofwat accused of cover-up over dinners with water companies Calls for inquiry after regulator failed to declare hospitality with those it holds to account over sewage spills
Evening Standard · Feb 28, 2024 Hundreds of thousands of Thames Water customers may be unable to pay bills from April Prediction comes as Britain’s biggest water supplier battles to stabilise its finances
The Guardian - UK · Feb 28, 2024 Thames Water lobbying government to let it increase bills by 40% UK’s largest water company also calls for dividend payouts and lower fines for breaches to avoid taxpayer bailout
The Guardian - UK · Feb 28, 2024 Bitcoin surges through $60,000 in biggest monthly rally since late 2020 – as it happened Cryptocurrency buoyed by flows into new ETFs that track the value of bitcoin
Evening Standard · Feb 20, 2024 Joe Lycett vs Sewage on Channel 4 review: a frightening dive into Britain's filthy water problem The comedian turned investigative reporter is back and he’s lifting the lid on the appalling state of our sewage system
The Guardian - UK · Feb 12, 2024 Thames Water forecasts more leaks over next two years than predicted Revision will pile further pressure on firm to invest in infrastructure amid anger over its sewage-dumping record
The Guardian - UK · Feb 12, 2024 Ofwat’s scheme to fine poorly performing companies ‘a gimmick’ Lib Dems dismiss plan saying water fines need to go to consumers rather than to the Treasury
The Guardian - UK · Feb 7, 2024 Ofwat orders Thames Water to produce turnaround plan over sewage record Debt-laden firm had allowed rivers to become polluted and homes to be flooded with sewage, MPs hear
The Guardian - UK · Feb 4, 2024 ‘Elevated’ risk of hackers targeting UK drinking water, says credit agency Moody’s warning over hacking’s effect on debts may bolster water utilities’ plans to hike bills to cover needed investments
The Guardian - UK · Feb 2, 2024 Water firms in England and Wales urged to invest profits in cutting bills Suppliers expected to charge average 6% more from April despite public anger at underinvestment and sewage dumping