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The Latest Breaking News on Droughts

Thames Water’s £3bn loan to stave off collapse despite ‘eye-watering’ terms

The emergency funding deal prevents Thames Water from falling into temporary nationalisation, but opponents have said they will appeal the ruling.

Evening Standard

Water firms appeal to watchdog for higher customer bill increases

On Tuesday, Southern Water, Anglian Water and South East Water asked the competition regulator to reconsider bill increase plans.

The Independent UK

Judge approves emergency plan to keep Britain’s largest water company afloat

A judge has approved an emergency plan to keep Britain’s largest water company afloat and averted a possible temporary government takeover

The Independent UK

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Thames Water to discover if restructuring plan has been approved on Tuesday

The High Court heard several days of arguments over whether the plan should be approved earlier in February.

Evening Standard

Scottish Water execs see bonuses soar by a third in one year amid worker pay dispute

SCOTTISH Water executives have seen bonuses jump by over a third in one year amid workers pay dispute.

The National (Scotland)

Water bills in Scotland ‘will be £113 cheaper’ than in England and Wales

Scotland's water bills will be £113 cheaper than in England and Wales despite an upcoming price hike from Scottish Water.

The National (Scotland)

Thames Water appeals to CMA over regulator's decision on bills

Thames says Ofwat’s ruling “does not support the investment and improvement that is required for Thames Water”

Evening Standard

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Thousands of Londoners face being without running water for four days

Thames Water says it has fixed the leak but warns some customers may still experience a temporary loss of water

Evening Standard

A state clean-up may be the best bet for Thames Water

Temporary nationalisation isn’t guaranteed to deliver shock needed, but upgrading operations is priority lost in legal drama

The Guardian - UK

Thames Water investigated over delayed river clean-up schemes

Regulator Ofwat’s enforcement case into whether company breached obligations follows Guardian investigation

The Guardian - UK

New blow for Thames Water as watch-dog threatens huge fines over environmental failings

Utility could face huge fines as a result of enforcement action by Ofwat

Evening Standard

US inflation unexpectedly rises to 3% in January – as it happened

Surprise rise in inflation on the back of higher food prices makes Federal Reserve interest rate cuts less likely, in a blow to Donald Trump

The Guardian - UK

Country estate fined £28,000 for taking too much water from rare chalk stream

The Environment Agency said the Ilchester Estates ‘deliberately flouted’ its licence for abstracting water from the Dorset Frome.

The Independent UK

Feeding frenzy: how army of advisers is making millions from Thames Water

Court case points to sizeable fees being racked up as firm seeks £3bn loan to try to avoid temporary nationalisation

The Guardian - UK

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The Guardian - UK

Thames Water may get just £500m in usable cash by borrowing £1.5bn, court told

Struggling firm’s resources to be depleted due to expensive fees and interest costs in restructuring deal

The Guardian - UK

Thames Water may need £10bn investment to repair finances, high court hears

Struggling company may require significantly more resources than roughly £6.3bn it previously indicated

The Guardian - UK

Thames Water ‘putting gun to head’ of court over £3bn debt, investors claim

Water company argues that its favoured offer should be approved or it will face temporary nationalisation

The Independent UK

Thames Water restructure plans a ‘bridge to nowhere’, MP’s barristers tell court

Barristers for Charlie Maynard, MP for Witney in Oxfordshire, told the High Court that plans to restructure the utility were a ‘poor short-term fix’.

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The Independent UK

Thames Water running out of money ‘a risk which cannot be run’, High Court told

The High Court will consider whether to sanction plans to restructure the utility following a four-day hearing in London.

The Guardian - UK

Campaigners to use Thames Water high court case to push for temporary nationalisation

Judge to rule on utility’s plea for £3bn debt lifeline as MPs and charities say emergency loan too costly for customers

The National (Scotland)

Second union could go on strike at Scottish Water

A second union has announced its workers could go on strike at Scottish Water.

Evening Standard

Millions of Londoners face staggering £200-plus rise in water bills this year

The 16 millions customers served by beleaguered Thames Water will see a 31% hike within weeks, with average annual bills soaring to £639

The Independent UK

United Utilities and South West Water hike dividends amid bill increases

The companies said they had agreed 32% and 23% bill increases negotiated with regulator Ofwat last year.

The Guardian - UK

Water industry promises £22bn of environmental investment, funded by rising bills

The Environment Agency has secured a commitment to carry out 24,000 actions over the next five years

The National (Scotland)

Scottish Water bills to rise in April amid 'more extreme' weather

Water bills in Scotland are to rise by 9.9 per cent in April, Scottish Water has announced.

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