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The Latest Breaking News from Chris Weston

Thames Water plans to restart desalination plant – after drought has ended

Utility company’s plant, which has only run five times, now has an estimated total cost of £500m

The Guardian - UK

Andy Burnham urged to nationalise 'disgraceful' Thames Water as more supply problems hit London

Scandal-hit company faces growing anger after it boosts its chief executive pay to £1.2 million and dishes out £4 million in bonuses

Evening Standard

Thames Water set to be placed in special administration by Andy Burnham

The utility has warned that it will run out of cash by the end of the year unless a deal can be agreed between its creditors, Ofwat, and the government

Evening Standard

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Andy Burnham ‘to put Thames Water into special administration regime’

Thames Water’s chief executive Chris Weston has called for urgent clarity from the prime minister-in-waiting over his plans for the sector

The Independent UK

Thames Water payouts for top bosses ‘fly in the face of fairness’, says minister

The firm’s annual report showed £4.09m was paid out to senior executives, while top boss Chris Weston saw his pay boosted by a near-£100,000 award.

Evening Standard

Thames Water boss seeks urgent clarity from new PM as funding set to dry up

Chris Weston said the firm has enough funding until October unless it can agree further funding from creditors.

Evening Standard

Dollar firms as cracks emerge in peace deal, pound dips on Starmer uncertainty

Global markets faced jitters as U.S.-Iran tensions escalated, impacting oil prices and the Strait of Hormuz. Despite peace talks, threats from President Trump and Tehran's actions cast a shadow. Meanwhile, the British pound weakened amid political uncertainty, and the Japanese yen neared a two-year low, with authorities watching currency movements…

The Economic Times

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Stocks climb and dollar up amid Iran talks uncertainty

Asian and European shares have risen, the greenback is near six-week highs and oil has edged up as progress remains unclear in talks to end the Iran war.

AAP

Australian shares shoot up after Trump walks back tariff threat

The de-escalation fuelled a rally in global share markets as buyers ride the ‘Trump Always Chickens Out’ trade strategy

The Guardian - AU

Be warned: big tech elitism beyond dot-com bubble peak

Hype around artificial intelligence fuelled most of 2025's market rally but circular investment deals and speculative returns could pose future risks.

AAP

Complaints from Thames Water customers rocket more than 70% after bill hikes

Higher bills allowed Thames Water to return to profit and boost investment

Evening Standard

Thames Water lenders submit new rescue plan to avoid nationalisation

The London & Valley Water group of creditors has outlined plans to write off around £4 billion, or 25%, of the debt they hold in Thames Water.

Evening Standard

Labour MPs urge Thames Water to recover £2.5m paid to executives in April

Exclusive: Letter to water company sets out demands, including resolving most severe cases of pollution

The Guardian - UK

Thames Water still in ‘crisis mode’ as turnaround set to take a decade

The UK’s largest water supplier also revealed a sharp increase in pollution incidents over the past year.

Evening Standard

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Evening Standard

Thames Water boss receives £1m despite doubling in 'serious' pollution

Thames Water also reveals it made a £1.6 billion loss last year

The Guardian - UK

Thames Water warns nationalisation is likely if emergency creditor talks fall

Company slumps to a £1.6bn annual loss as it blames rainfall for rise in pollution incidents

The Guardian - UK

FTSE 100 share index hits 9,000 points for the first time; US inflation rate rises to 2.7% – as it happened

London stock market hits new peak, Thames Water reports £1.6bn loss, and Rachel Reeves outlines ‘Leeds reforms’ for financial services

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 Guardian - UK

Ministers to block Thames Water paying bosses bonuses out of emergency loan

Exclusive: Firm close to insolvency says using £3bn loan to pay ‘substantial’ bonuses is vital to retain senior managers

The Guardian - UK

Yvette Cooper left to spin the unspinnable after Starmer’s ‘island of strangers’ speech

Home secretary insists prime minister meant everything he said on immigration – except the stuff he didn’t mean to say

The Guardian - UK

Thames Water finances were ‘hair raising’, chair tells MPs

Adrian Montague also said some bosses in line for payouts of ‘50% of salary, very substantial bonuses’

Evening Standard

Thames Water warns customers of potential restrictions as drought risk looms

Chief executive Chris Weston said the company is doing ‘all we need to’ to prepare for potential water shortages.

Evening Standard

Thames Water chairman apologises to customers but defends bonuses for bosses

Sir Adrian Montague revealed to MPs how close the company had come to running out of money in the last year, calling the situation ‘hair-raising’.

Latin Times

Stock Markets Mostly Rise As Investors Eye Trade Talks

Investors were also keeping tabs on China after President Xi Jinping and other top leaders last week discussed plans to boost consumption in the world's number two economy.

The Guardian - UK

Green campaigners attempt citizen’s arrests of Thames Water executives

Chris Weston and Alastair Cochran targeted by group who accuse them of causing a public nuisance

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