DARK SECRETS: 23 | Rare Historical Photos

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.

Evening Standard · Oct 25, 2024

Struggling Thames Water pushes for £3bn lifeline with cash due to run out in December

Fresh funds are ‘liquidity bridge’ to stabilise firm and give it time to secure long-term investment, says boss

The Guardian - UK · Oct 25, 2024

Thames Water reveals £3 billion emergency financing plan to keep it solvent until October 2025

Proposals could provide Thames with up to £3 billion of lifeline cash

Evening Standard · Oct 25, 2024

Rail, water, energy: the big projects likely to be in Rachel Reeves’ budget

Chancellor expected to promote range of infrastructure plans to boost economy, including reviving parts of HS2

The Guardian - UK · Oct 22, 2024

Water companies ask to raise bills by even more than first planned

Southern Water, Thames Water and others demanded steeper increases than set out earlier this year despite regulator Ofwat trying to reduce rises.

Evening Standard · Oct 22, 2024

Water companies push for higher bills again as customers face up to 84% hike

Utilities including beleaguered Thames Water have applied to the regulator, Ofwat, to hike tariffs so they can upgrade their networks

The Independent UK · Oct 22, 2024

Thames Water fined £67k for 'unsafe' central London works

Utilities giant ordered to pay out after ‘unsafe’ works left members of public ‘at risk’

Evening Standard · Oct 21, 2024

Water companies raise bonuses to £9.1m despite record sewage discharges

Third of total comprises bonuses at Severn Trent as indebted Thames nearly doubles payouts to executives

The Guardian - UK · Oct 20, 2024

Water firms ‘laying groundwork’ to appeal against Ofwat bill rise cap, says Moody’s

Credit rating agency expects English and Welsh companies to challenge regulator’s ruling with CMA watchdog

The Guardian - UK · Oct 15, 2024

Super sewer: Thames Water customers will pay £25 annual levy for another two decades to fund £4.5bn project

Seven new riverside piers, cycle superhighway reinstated - but tunnel boss won’t be swimming in the Thames, despite Sadiq Khan’s vision

Evening Standard · Oct 14, 2024