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THE TRUTH ABOUT: 30 | History Defined

Thames Water shareholder gives backing to crisis-hit firm

USS support for turnaround plan comes as water company buckles under £14bn debt burden

The Guardian - UK

Chairman of firm £14bn in debt has plush Edinburgh penthouse and beach pad

Ian Marchant is stepping down as chairman with the firm billions of pounds in debt.

Daily Record

Chairman of sinking Thames Water has beach pad with pool and penthouse apartment

Ian Marchant earns a fortune as chairman of the company that is leaking hundreds of millions of litres of water every day and has £14bn worth of debt

Daily Mirror

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Now, water bosses, you must show how capitalism can work for the common good

If there’s a lesson to be learned from the collapse of Thames Water, it is that utility giants have to pioneer a new kind of company

The Guardian - UK

The failures of privatisation can be found in our toxic rivers and our failing water companies

As Britain's biggest water company faces collapse and sewage fills our rivers, Liam Thorp says privatisation has left parts of our country in a state of near-collapse

Liverpool Echo

Exclusive: UK water giants recruit top staff from regulator Ofwat

Demands for an end to the ‘revolving door’ as ex-Ofwat directors are hired by key firms

The Guardian - UK

'It's time to blow fatcat water company bosses OUT of the sector and take back control'

Now that Thames Water is at risk of going under, they think they should get help from the government- meaning we taxpayers would be paying to clean up their mess.

Daily Mirror

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Water privatisation was right, says Michael Howard amid debt concerns

Tory peer says in light of Thames Water troubles that firms should not have been allowed to borrow so much

The Guardian - UK

London’s Super Sewer gets underground flower garden

Garden unveiled as project boss says it is ‘inconceivable’ that Thames Water’s financial woes will derail London’s new £4.5bn sewage system

Evening Standard

Thames Water with a dash of Ponzi scheme

Letters: Louis Berk thinks Bernie Madoff couldn’t have pulled off a better deception, Alan Gray is glad to hear of the water company’s ‘strong liquidity position’, and John Powell thinks Dŵr Cymru has the right idea

The Guardian - UK

Severn Trent chief proposes ‘social purpose’ water firms amid utilities crisis

Liv Garfield seeks backing from Labour for reforms as government eyes temporary renationalisation of Thames Water

The Guardian - UK

Thames Water fined £24,000 after leaving manhole uncovered during South Kensington works

The local council said the works posed a risk to the public

Evening Standard

Sadiq Khan: Thames Water crisis proves ‘privatisation hasn’t worked’

The mayor criticised the monopoly enjoyed by the company and claimed the Government had failed to regulate it

Evening Standard

Sewage in kitchens and ‘white elephant’ projects: why Thames Water is struggling

The shock departure of its chief executive this week is not the only problem the water company is facing

The Guardian - UK

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The Conversation

How Thames Water came to be flooded with debt – and what it means for taxpayers

Thames Water is reportedly on the brink of collapse. The UK’s largest water company, well known for its high levels of water leakage, sewage spills, executive pay and dividend payments, now appears to be flooded with debts that it cannot afford to pay.

The Guardian - UK

Labour MPs urge Keir Starmer to commit to nationalising water firms

Exclusive: Thames Water crisis prompts call for rethink on party’s decision to ditch nationalisation policy

Evening Standard

Thames Water’s annual profit figures may come out after MPs grill industry executives

London’s water provider usually publishes its accounts in the first week of July

The National (Scotland)

Question Time audience member urges UK to 'look to what Scotland's done'

A QUESTION Time audience member was applauded after she said that the Government south of the Border should “look to what Scotland’s done” ...

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The Independent UK

Thames Water crisis explained as utility giant serving 15m people faces collapse

The utility giant is struggling under a £14 billion debt pile

The Guardian - UK

Friday briefing: Could Thames Water’s cautionary tale end the UK’s love affair with privatisation?

In today’s newsletter: Guardian business correspondent Alex Lawson on how things got so bad for the private water company, and where we go from here

The Guardian - UK

In charts: how privatisation drained Thames Water’s coffers

Decades of underinvestment and bumper dividends have left the firm debt-laden and under investigation

Birmingham Post

United Utilities defends 'robust and prudent' finances in wake of Thames Water crisis

United Utilities recently agreed to hand more than £300m to its shareholders

Daily Mirror

Bosses at nine water firms pocketed £13million last year - while YOU face higher bills

It follows reports water firms are planning to hike household bills by up to 40% to meet costs of the sewage crisis

The Guardian - UK

Thames Water could delay accounts as turmoil in water industry grows

Firm refuses to say when it will publish annual report; pressure builds on regulator Ofwat

The Guardian - UK

Ministers must get a grip: no bailout for Thames Water’s backers

Any financial reconstruction of Thames is simple. Shareholders and bondholders are on the hook

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