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 The Guardian - UK · Dec 3, 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
Ofwat boss denies failing to regulate water firms despite huge debts David Black said water companies need to make ‘changes across the board’ but he ‘wouldn’t agree’ that regulators have failed. Evening Standard · Nov 26, 2024
Central London has a new fountain! Burst water main outside Victoria Station causes chaos Burst water main near Victoria Station forces closure on major central London road during rush hour Evening Standard · Nov 26, 2024
Water companies now have to release live sewage spill data – here’s why more transparency is the key to cleaner rivers For the first time, anyone in England can now access real-time information of where combined sewer overflows (CSOs) are discharging untreated wastewater into our waterways. This week, all water companies published details of how anyone can access the status of thousands of “event duration monitors”, devices that are placed on… The Conversation · Nov 22, 2024
Water firms blocked from using billpayer cash for ‘unjustifiable’ bonuses Thames Water is among nine firms that must ensure owners and shareholders pick up the tab for £6.8 million of executive bonuses. The Independent UK · Nov 21, 2024
Scandal-hit Thames Water blocked from paying 'undeserved' bonuses for top bosses from customers' money Eight other water firms won’t be using customers’ funds to pay bonuses Evening Standard · Nov 21, 2024
Water firms blocked from using customer cash for ‘undeserved’ £6.8m boss bonuses Watchdog stops nine from from funding bonuses through customers – but bosses will still get their cash from shareholders The Independent UK · Nov 21, 2024
Nine water firms halted from using customer cash to pay for £6.8m of bonuses Ofwat said its new powers had been applied to bonuses worth £6.8 million, or 73% of the overall total, across the water sector. Evening Standard · Nov 21, 2024
Southern Water gets rating downgrade amid ‘challenging funding conditions’ Southern’s latest downgrade by Fitch follows a similar move by ratings agency Moody’s earlier in November. Evening Standard · Nov 19, 2024
Thames Water: Fears of more bill hikes as £38bn bill revealed A new report has said Thames Water is in worse financial straits than already thought The Independent UK · Nov 18, 2024
Thames Water’s IT ‘falling apart’ and is hit by cyber-attacks, sources claim Exclusive: Company relies on obsolete tech and there are troubling security gaps, Guardian investigation suggests The Guardian - UK · Nov 18, 2024
What the papers say – November 18 These are the stories making headines to start the week. The Independent UK · Nov 18, 2024
Floods, explosions and asbestos: Thames Water faces potential problems on all fronts Exclusive: Senior managers say they are forced to press ahead with orders for vital items without approval The Guardian - UK · Nov 17, 2024
The Guardian - UK · Nov 17, 2024 Thames Water supply ‘on knife-edge’ with £23bn repairs needed Exclusive: Company has failed to tackle serious safety concerns or upgrade vital IT systems, Guardian investigation reveals
Evening Standard · Nov 15, 2024 Housing developments in London flushing raw sewage directly into rivers Seven housing developments in north and west London are found to be flushing sewage directly into rivers that flow into the Thames
The Guardian - UK · Nov 14, 2024 Southern Water’s debt downgraded to junk status by Moody’s Company close to technical default on some of its debt, underlining UK industry’s precarious state
The Guardian - UK · Nov 13, 2024 Thames Water should explain its murky logic on fundraising Transparency around this emergency process has been miserable as company looks for approval to borrow £3bn more
The Guardian - UK · Nov 13, 2024 Thames Water gains key support from creditors for £3bn funding lifeline Utilities firm says 75% of class A bondholders back emergency package aimed at staving off collapse
Evening Standard · Nov 13, 2024 Thames Water rescue deal reaches ‘important milestone’ in creditor backing The heavily indebted utility company has agreed a deal for £3 billion in extra funding, but it needed 75% of its senior creditors to agree to it.
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 9, 2024 Hidden London: Crossness Pumping Station, the cathedral of sewage Sir Joseph Bazalgette was the Willy Wonka of this particular chocolate factory, explains Steven Elliot James
The Guardian - UK · Nov 4, 2024 Thames Water is desperate for cash. But board should still exploit bondholder rivalry Jostling for position before eventual debt-for-equity swap gives opportunity to fight for £3bn lifeline with least worst terms
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 · Oct 25, 2024 Thames Water: Why does the struggling water firm need emergency funding? Thames Water has said it is seeking up to £3 billion in emergency loans in order to stay afloat until at least October next year.