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INSANE: 29 - The Real Truth

United Utilities agrees £1.8bn deal with Legal & General

The move comes after United Utilities defended its financial position in the wake of the unfolding situation at counterpart Thames Water

Birmingham Post

Inside the capital’s water crisis — are Londoners’ taps about to run dry?

After years of piling on debt and sucking out profits to pay shareholders rather than improve infrastructure, Thames Water is near collapse — leaving the city 24 hours away from having its supply turned off. Claire Cohen investigates

Evening Standard

Thames Water’s former CEO handed half a million pounds as higher bills help keep it afloat

Shareholders put in another £750 million to heavily indebted company

Evening Standard

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Tube train drivers to join strikes in late July; EasyJet cancels 1,700 flights, blaming Gatwick delays – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Debt-ridden Thames Water raises £750m but warns billions more needed

Last month government began drawing up contingency plans to take supplier into public ownership in case it collapsed

The Independent UK

Thames Water secures extra £750m from shareholders to help stave off nationalisation

Money follows £500m injection in March but troubled utility warns much more future funding needed

The Guardian - UK

South East Water spent more on dividends and debt than infrastructure

Company criticised after 6,000 households were left without running water last month

The Guardian - UK

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OPINION - Thames Water’s toxic mix of debt and sewage shows that privatisation has failed

Another day, another story about the literal s**tshow that our water companies have become.

Evening Standard

How to save money on your water bill

Households could see their water bills rise next year as providers aim to tackle sewage spills and meet environmental requirements.

The Week

Ofwat boss denies water industry badly regulated as he predicts higher bills

David Black says water firms’ debt is ‘their issue to sort out’ because regulator did not have powers to tackle problem until recently

The Guardian - UK

Rail firms unveil plans for mass closure of England’s ticket offices to ‘modernise’ railway – as it happened

Plans will ramp up battle with unions; boss of water watchdog says higher water bills are coming to fund infrastructure improvements

The Guardian - UK

Private equity is failing water companies again. Get these firms back on the stock market

Listing would allow the market to be admirably brutal – inflicting pain on the owners and forcing management changes

The Guardian - UK

Henley Regatta organisers say event marred by sewage pollution

‘Sewage pollution is harming the environment that we enjoy and respect so much’, the regatta’s chairman said

The Independent UK

Water firms discharged raw sewage 300,000 times last year, court hears

Vast majority of releases were illegal, high court told – as Thames Water is fined £3.34m for sewage dumping in separate case

The Guardian - UK

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Evening Standard

Thames Water fined £3.3 million for ‘reckless’ pollution incident near Gatwick

Thames Water was also found to have made a ‘deliberate attempt’ to mislead the Environment Agency over the spillage

The Independent UK

Thames Water fined £3.3 million after ‘millions of litres’ of sewage pumped into rivers near Gatwick

Thames Water had shown a ‘deliberate attempt’ to mislead the Environment Agency over the incident

Daily Mirror

Thames Water fined £3.3m after rivers turn black with sewage killing 1,400 fish

The firm has been fined £3.3m after more than 1,400 fish were killed when the sewage was dumped into the Gatwick Stream in Sussex and River Mole in Surrey in 2017

The Guardian - UK

Crisis, crisis, everywhere … why regulatory failure is at the heart of Britain’s many problems

Thames Water’s woes are a sign that basic oversight of critical industries simply isn’t happening, says Nick Butler of King’s College London

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The Guardian - UK

England’s water firms should pay to fix illegal discharges, high court to hear

WildFish charity says £56bn plan to reduce sewage dumping from storm overflows is illegal because it expects customers to foot bill

The Guardian - UK

Henley regatta organisers complain of sewage pollution from Thames Water

Concerns raised after tests found stretch of river used for world-famous event had dangerous bacteria

The Independent UK

Thames Water dumped ‘millions of litres’ of sewage in river killing more than 1,000 fish

Untreated sewage was pumped into River Mole near Crawley for six and a half hours, turning water black

The Conversation

Renationalising Thames Water would be a gamble – but there is another way to help clean up the industry

The privatisation of water companies in England and Wales was supposed to bring efficiency and investment to a vital sector that had been starved of public funding. But since 1989, the industry has failed to invest sufficiently in replacing antiquated pipes and sewage treatment systems.

The Guardian - UK

Ex-Thames Water owner accused of ‘money-grabbing’ cuts to Cadent pension scheme

Exclusive: Cadent Gas, owned by Australia asset manager Macquarie, is considering closing its defined benefit scheme

Edinburgh Live

Chairman of firm £14billion in debt splashed out on Edinburgh penthouse and beach pad

Ian Marchant is stepping down as chairman with the firm billions of pounds in debt. But he also boasts an impressive property portfolio with a penthouse in Edinburgh

The Guardian - UK

The Guardian view on private water companies: a disaster made in the City

Editorial: England has become an asset management society with predictably calamitous results

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