Average water bill in England and Wales to rise by 36% over five years Firms accused of forcing households to pay for years of underinvestment after Ofwat agrees to increases to help fix sector The Guardian - UK · Dec 19, 2024
Thames Water bills will surge by £152 over the next five years in new blow to London households Company also fined £18 million by regulator for breaking rules on payment of dividends Evening Standard · Dec 19, 2024
Thames Water to get green light to hike bills by more than a third by 2030 Exclusive: Long-awaited decision by water regulator Ofwat falls short of utility’s requested 59% rise The Guardian - UK · Dec 18, 2024
Thames Water takes first step in restructuring in bid to avoid administration A High Court judge ruled on Tuesday that the utility’s restructuring plan could be put to creditors for approval. Evening Standard · Dec 17, 2024
Thames Water could run out of cash by March next year, High Court told Thames Water, England’s biggest water company, will run out of money by March if restructuring plans are not approved Evening Standard · Dec 17, 2024
Creditors in High Court row over Thames Water restructuring plans Thames Water, England’s biggest water company, will run out of money by March if restructuring plans are not approved. The Independent UK · Dec 17, 2024
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
Thames Water to pay customers up to 10 times as much in compensation for failures Under the new rules, Thames Water will have to pay customers much higher sums Evening Standard · Dec 17, 2024
OPINION - Selling Royal Mail to a Czech billionaire marks a bleak day for Britain We have long since got used to our corporate crown jewels being raided by foreign buyers: Roll-Royce Motors, Land Rover, Harrods, Heathrow, even Weetabix and Polos are all in the stewardship of overseas owners. Vital public services such as Thames Water are also not excluded from the list. Evening Standard · Dec 16, 2024
Swimming status of Ilkley’s River Wharfe in limbo over sewage pollution Stretch of river in West Yorkshire was first to get bathing status in 2020 but has since recorded poor water quality The Guardian - UK · Dec 16, 2024
Households ‘to be hit with hike in water bills of at least 20 per cent’ sparking backlash Environment secretary argues increase needed to fix UK’s sewage system ‘broken’ by Tories The Independent UK · Dec 15, 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
Thames Water boss defends six-figure bonuses and pushes for steep bills hikes Chris Weston’s comments come ahead of a crunch Ofwat decision next week on whether Thames Water can increase consumer bills by 59% Evening Standard · Dec 10, 2024
Thames Water boss defends bonuses and repeats calls for steep bills hikes Chris Weston’s comments come ahead of a crunch Ofwat decision next week on whether Thames Water can increase consumer bills by 59%. The Independent UK · Dec 10, 2024
Evening Standard · Dec 10, 2024 Thames Water debt hits £15.8bn but boss hails turnaround progress The crisis-hit utility reported a jump in pollution incidents and said a ruling by Ofwat later this month will be fundamental to its future
The Guardian - UK · Dec 10, 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 Independent UK · Dec 10, 2024 Thames Water reports 40% rise in pollution incidents as debts swell The company blamed an especially wet spring and summer as it reported 359 pollution incidents during the period.
Evening Standard · Dec 6, 2024 Utilities drag on FTSE 100 after Thames Water receives rescue bid The FTSE 100 moved 40.77 points lower, or 0.49%, to close at 8,308.61.
The Guardian - UK · Dec 6, 2024 Struggling Thames Water receives £5bn buyout offer from Covalis Deal would result in France’s Suez Group being brought in to manage restructure of water company
Evening Standard · Dec 6, 2024 Thames Water receives buyout offer from investment group Covalis Capital The plans would see French water firm Suez brought in to help run the company while Covalis breaks Thames Water up into smaller chunks.
The Guardian - UK · Dec 6, 2024 Investors up bets on Federal Reserve interest rate cut after US jobs data – as it happened Live, rolling coverage of business, economics and financial markets as American private sector adds 227,000 jobs in November
Evening Standard · Dec 6, 2024 What the papers say – December 6 Here are the top stories to round out the working week.
Evening Standard · Dec 4, 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.
The Guardian - UK · Dec 3, 2024 Public votes for top 10 best Christmas cracker jokes of 2024 Jokes ranging from political puns to Britpop gags were collated by U&Gold in keeping with tradition of lame one-liners