The Latest Breaking News from London Valley Water

MPs urge government to take troubled Thames Water into public control

IN FULL

The Independent UK · Sep 18

MPs urge ministers to break off Thames Water talks with US hedge funds

Efra committee calls for emergency legislation enabling government to take public control of the company

The Guardian - UK · Sep 18

Thames Water’s £10 billion creditor rescue deal should be ditched, say MPs

The Efra Committee said bondholder takeover plans are not in the best interests of Thames Water, customers or the environment.

Evening Standard · Sep 17

£10bn Thames Water rescue bid poses ‘unfair costs to customers’ – minister

Environment Secretary Emma Reynolds has warned the proposals to rescue the stricken utility do not sufficiently protect consumers or the environment.

Evening Standard · Jun 16

Government raises doubts over £10bn rescue deal for troubled Thames Water

The Environment Secretary said she had written to regulator Ofwat to say the rescue bid did not sufficiently protect consumers’ interests.

Evening Standard · Jun 16

Billionaire Trump donor in line to make millions from Thames Water bid

Paul Singer is founder of a leading creditor in the hedge fund consortium locked in talks with the UK government

The Guardian - UK · May 19

Castle Water vows to create 2,000 jobs at Thames Water in fresh bid approach

The utility firm has returned with an improved proposal for Thames, which is in advanced talks with creditors and regulators to secure funding.

Evening Standard · Nov 17, 2025

Thames Water bidder says it is offering £1bn extra cash injection

Castle Water says restructuring plans do not go far enough and extra funds will help resolve pollution crisis

The Guardian - UK · Nov 17, 2025

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 · Oct 2, 2025

Thames Water creditors ask for up to 15 years’ leniency from river pollution rules

Lenders say a ‘full return to legal, regulatory and environmental compliance’ under new rescue plan would not be completed until at least 2035-2040

The Guardian - UK · Oct 2, 2025