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FOUND: 2 - What They Never Told You

Rescue plan at Thames Water is still too murky

Creditors’ breezy description of their proposal gives a few selected highlights but lacks anything to reassure the poor old customers

The Guardian - UK

Thames Water to do fewer improvement projects under lenders’ new rescue plan

New consortium says infrastructure projects must be cut back to make beleaguered company viable again

The Guardian - UK

Reeves says Thames Water should find ‘market-based solution’

Chancellor aims to reassure creditors but says ministers are planning for all options including special administration

The Guardian - UK

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Thames Water agrees payment plan for £123m sewage and dividend fines

Ofwat gives the company breathing space as it scrambles to secure funding to avoid nationalisation

The Guardian - UK

Thames Water to pay fifth of record £122.7m fines by end of September

The remaining 80% is dependant on the financial security and future of the debt-laden water supplier, but a backstop has been set for March 31 2030.

Evening Standard

Thames Water agrees new £122m fine payment plan amid concerns over its future

Campaign group River Action slammed it as a ‘sweetheart deal’

The Independent UK

‘Even Puerto Rico paid its bill’: Thames Water creditor suggests backers are safe

Creditors of US territory’s were protected during municipal default, says Assured Guaranty’s chief executive

The Guardian - UK

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Thames Water says new Abingdon reservoir could cost bill-payers up to £7.5bn

Price rise to three times original budget is a blow to government’s reservoir expansion plans

The Guardian - UK

Hong Kong’s CKI a leading contender to buy Thames Water, reports say

The infrastructure company is among those lining up to acquire the struggling utility if it collapses

The Guardian - UK

Thames Water: advisers appointed to plan for company’s potential collapse

FTI Consulting seen as frontrunner to advise on placing the utility into a special administration regime

The Guardian - UK

Government lines up insolvency firm in case of Thames Water collapse

Contingency plans could see Britain’s biggest water firm placed into a special administration regime.

Evening Standard

Labour MPs urge Thames Water to recover £2.5m paid to executives in April

Exclusive: Letter to water company sets out demands, including resolving most severe cases of pollution

The Guardian - UK

Charity in legal action against minister for failing to act over Thames Water

River Action says failure to publish and put into practice policy on nationalisation of failing water firms is unlawful

The Guardian - UK

The UK’s Thames Water Could Be Renationalized - What Lessons Can Be Learned?

A completely privately run public water system is an experiment few countries have decided to try.

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The Guardian - UK

‘Outwitted’: have water companies managed to sidestep Labour’s bonus ban?

Concerns loophole in 2025 act allows payouts at firms that repeatedly pollute England’s waterways with sewage

Evening Standard

Thames Water still in ‘crisis mode’ as turnaround set to take a decade

The UK’s largest water supplier also revealed a sharp increase in pollution incidents over the past year.

The Guardian - UK

FTSE 100 share index hits 9,000 points for the first time; US inflation rate rises to 2.7% – as it happened

London stock market hits new peak, Thames Water reports £1.6bn loss, and Rachel Reeves outlines ‘Leeds reforms’ for financial services

The Guardian - UK

Thames Water announces hosepipe ban as dry weather depletes reservoirs

Restrictions to come into effect in Gloucestershire, Oxfordshire, Berkshire and Wiltshire from 22 July

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The Guardian - UK

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

International Business Times UK

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.

The Guardian - UK

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

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

What would happen if Thames Water is temporarily renationalised?

The government could put the struggling utility into a special administration regime – but what does this involve?

The Guardian - UK

Thames Water court case shows there are alternatives to massive infrastructure

It is what we might call the HS2 fallacy: new reservoirs as tall as high-rise buildings that boost water companies’ assets

The Guardian - UK

Thames Water lenders demand government effectively block campaigners from legal action

Creditors owed £13bn say ministers should prioritise ‘environmental betterment over punitive enforcement’

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