Households ‘to be hit with hike in water bills of at least 20 per cent’ sparking backlash Environment secretary argues increase needed to fix UK’s sewage system ‘broken’ by Tories The Independent UK · Dec 15, 2024
Water companies urged to step up help on bills for vulnerable customers Regulator poised to reveal steep price rises as campaigners in England and Wales fear water will become unaffordable The Guardian - UK · Dec 15, 2024
Public anger over water bill rises is justified, says UK environment secretary ‘Complete reset’ of water industry needed in face of poor service, pollution and leaks, says Steve Reed The Guardian - UK · Dec 15, 2024
Thames Water boss defends bonuses and repeats calls for steep bills hikes Chris Weston’s comments come ahead of a crunch Ofwat decision next week on whether Thames Water can increase consumer bills by 59%. The Independent UK · Dec 10, 2024
Thames Water boss defends six-figure bonuses and pushes for steep bills hikes Chris Weston’s comments come ahead of a crunch Ofwat decision next week on whether Thames Water can increase consumer bills by 59% Evening Standard · Dec 10, 2024
Thames Water debt hits £15.8bn but boss hails turnaround progress The crisis-hit utility reported a jump in pollution incidents and said a ruling by Ofwat later this month will be fundamental to its future Evening Standard · Dec 10, 2024
Thames Water will run out of cash by March without £3bn emergency funding Britain’s biggest water supplier reports 40% increase in pollution incidents, blaming a wet spring and summer The Guardian - UK · Dec 10, 2024
Thames Water reports 40% rise in pollution incidents as debts swell The company blamed an especially wet spring and summer as it reported 359 pollution incidents during the period. The Independent UK · Dec 10, 2024
Struggling Thames Water receives £5bn buyout offer from Covalis Deal would result in France’s Suez Group being brought in to manage restructure of water company The Guardian - UK · Dec 6, 2024
Thames Water receives buyout offer from investment group Covalis Capital The plans would see French water firm Suez brought in to help run the company while Covalis breaks Thames Water up into smaller chunks. Evening Standard · Dec 6, 2024
Investors line up ahead of Thames Water deadline for £3.3bn equity raise Castle Water is said to be among those planning to put in potential bids for an equity cash injection into Thames Water. Evening Standard · Dec 4, 2024
Water firms push for higher shareholder returns as Ofwat considers bills increase Companies say higher returns are needed to ensure record infrastructure investment across industry is delivered The Guardian - UK · Dec 3, 2024
Too many households let down and abandoned after sewer floods – report Some customers had to clean up sewage themselves, with compensation often not covering the costs according to Ofwat and the CCW. Evening Standard · Nov 27, 2024
Water companies in England ‘using loopholes’ to avoid paying for outages Ofwat CEO says rules must be changed so that customers left without water get compensation automatically The Guardian - UK · Nov 26, 2024
Evening Standard · Nov 26, 2024 Ofwat boss denies failing to regulate water firms despite huge debts David Black said water companies need to make ‘changes across the board’ but he ‘wouldn’t agree’ that regulators have failed.
The Guardian - UK · Nov 21, 2024 Water watchdog is chasing its tail on executive bonuses Ofwat hasn’t stopped recipients getting their bonuses but its increased powers in other areas are meaningful
Evening Standard · Nov 21, 2024 Which water companies are in financial trouble – and which paid out bonuses? As regulators try to clamp down on water company bonuses, the PA news agency breaks down what is going on at each firm around the country.
The Independent UK · Nov 21, 2024 Water firms blocked from using billpayer cash for ‘unjustifiable’ bonuses Thames Water is among nine firms that must ensure owners and shareholders pick up the tab for £6.8 million of executive bonuses.
The Guardian - UK · Nov 21, 2024 Water companies blocked from paying bonuses out of customer money Regulator uses new powers to ensure investors pay at Thames, Yorkshire, and Dŵr Cymru Welsh Water
Evening Standard · Nov 21, 2024 Scandal-hit Thames Water blocked from paying 'undeserved' bonuses for top bosses from customers' money Eight other water firms won’t be using customers’ funds to pay bonuses
Evening Standard · Nov 21, 2024 Nine water firms halted from using customer cash to pay for £6.8m of bonuses Ofwat said its new powers had been applied to bonuses worth £6.8 million, or 73% of the overall total, across the water sector.
The Independent UK · Nov 21, 2024 Water firms blocked from using customer cash for ‘undeserved’ £6.8m boss bonuses Watchdog stops nine from from funding bonuses through customers – but bosses will still get their cash from shareholders
Evening Standard · Nov 20, 2024 Severn Trent profits nearly triple despite non-compliance risk on water quality The company serves about 4.6 million homes and businesses across the Midlands and Wales.
Evening Standard · Nov 19, 2024 Southern Water gets rating downgrade amid ‘challenging funding conditions’ Southern’s latest downgrade by Fitch follows a similar move by ratings agency Moody’s earlier in November.
The Independent UK · Nov 18, 2024 Thames Water: Fears of more bill hikes as £38bn bill revealed A new report has said Thames Water is in worse financial straits than already thought