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Private equity giant KKR pulls out of plans to invest in Thames Water

The utility said it would take forward discussions with ‘certain senior creditors’ on an alternative plan to stabilise its finances.

Evening Standard

Bank of England governor warns Trump tariffs have ‘blown up’ global trade system – as it happened

Rolling coverage of the latest economic and financial news, as MPs quiz the Bank of England about interest rates, and trade wars

The Guardian - UK

Thames Water preferred bidder KKR pulls out of rescue deal

Future of troubled supplier in doubt as US private equity group says it cannot proceed with acquiring £4bn stake

The Guardian - UK

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Good news at last for wild swimmers? UK water company bosses hit with record £123m fine after 'failing to protect the environment', polluting rivers and lakes with raw sewage

Following two investigations, the largest water company in the UK has been slapped with the penalty for polluting rivers and for paying out cash to investors while failing customers

Advnture

Thames Water fined record £123m over sewage breaches and dividend payments

Regulator Ofwat said Thames had ‘let down its customers and failed to protect the environment’ as it issued the water industry’s biggest ever fine.

The Independent UK

Why was Thames Water fined? London utility company to pay £123m

Thames Water has been hit with a record fine due “to a significant breach of the company’s legal obligations”

Evening Standard

"I would rather see less sh*t being pumped into our rivers." As water bosses are fined £123million for pollution failures and questionable pay outs, we look at how AI water monitoring could help wild swimmers stay safer

The new tech is proving successful in helping swimmers assess the risk of getting sick from bacteria-polluted water but campaigners say it isn't enough

Advnture

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Britain's biggest water firm hit with record fine over sewage and dividends

Britain’s biggest water company has been fined almost 123 million pounds or $166 million for releasing sewage into rivers and streams while paying dividends to its shareholders

The Independent UK

UK politics: minister defends Labour’s justice record after warnings of threat to public safety – as it happened

Housing minister says previous government left prison system in state of ‘criminal neglect’ amid warnings over early release plan

The Guardian - UK

Thames Water hit with £123m of fines over sewage and dividend breaches

As Ofwat imposes record fine for environmental failing, minister says ‘era of profiting from failure is over’

The Guardian - UK

Water company given largest penalty ever by Ofwat

IN FULL

The Independent UK

US Sen. Duckworth visits Taiwan to discuss regional security and trade

Strongly pro-Taiwan U.S. Sen. Tammy Duckworth is visiting the self-governing island democracy to discuss regional security and relations with the U.S. Duckworth will hold a series of high-level meetings with senior Taiwan leaders during her visit Wednesday and Thursday

The Independent UK

Thames Water hit with record £123m fine from watchdog

Ofwat issues largest ever penalty to water giant after two investigations into wastewater and dividend payments

The Independent UK

Thames Water hit with biggest ever fine of £122.7m over pollution and dividends

Regulator Ofwat said the utility giant ‘failed to protect the environment’ and issued the combined penalty as part of two separate investigations.

Evening Standard

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Evening Standard

Thames Water hit by record £123 million fines over "betrayal of customers"

Huge penalties relate to “systemic” wastewater failures and breaches of rules over dividend payments

The Guardian - UK

Heathrow ‘responded well’ to power outage, review finds; Ofwat fines Thames Water £123m – as it happened

‘The evidence confirms that Heathrow made the right decisions in exceptionally difficult circumstances,’ Ruth Kelly finds

The Guardian - UK

Bridal bucket is the best wedding gift

The Guardian - UK

Thames Water boss ordered to tell MPs if executives received bonus payments

Chris Weston, boss of Britain’s biggest water company, faces questions over ‘paused’ executive bonus scheme

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The Independent UK

Record number of water sector criminal investigations launched as sewage issues rise

“Water companies have too often gone unpunished” said the environment secretary

The Guardian - UK

Thames Water and Anglian Water face 53 criminal investigations over sewage

Firms among England and Wales suppliers facing record 81 investigations as sources say ‘polluter will pay’ for their cost

The Guardian - UK

Thames Water’s arrogance over retention bonuses is breathtaking

Government and Ofwat unlikely to revive scheme handing out ‘very substantial’ payments for remaining on payroll

Evening Standard

Thames Water drops bonuses due for bosses after Government criticism

Environment Secretary Steve Reed confirmed the proposals had been dropped during an Environment, Food and Rural Affairs Committee session with MPs.

The Guardian - UK

Water companies should be taken into public ownership now

Letter: We have suffered a catalogue of mismanagement – £78bn has been paid in dividends and rivers and streams are full of sewage, writes Adrian Ramsay MP. Plus, a letter by Martin Cooper

Evening Standard

Thames Water chairman rows back on comments over bonuses for bosses

Sir Adrian Montague said he may have ‘misspoken’ during an Environment, Food and Rural Affairs (Efra) committee session with MPs last week.

The Guardian - UK

Thames Water: big bonuses due from emergency £3bn loan ‘withdrawn’

Environment secretary makes announcement after company’s chair said he ‘may have misspoken’ to MPs

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