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The Latest Breaking News from Thames

Thames Water ‘close to deal that would spare it new Ofwat fines until 2030’

Offer reportedly put forward by creditors hoping to save struggling firm from being renationalised temporarily

The Guardian - UK

Investors tell Thames Water to ‘eat humble pie’ over failed takeover and open bids

CK Infrastructure says watchdog should intervene to let other firms bid after KKR pulled out

The Guardian - UK

Thames Water rescue deal talks rumble on interminably but its future remains unclear

As negotiations enter a ninth month, an outcome is thought to be weeks away and the devil is still in the detail

The Guardian - UK

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Thames Water lenders float new £10bn rescue plan

Latest effort involves paying off fines worth hundreds of millions of pounds as part of bid to stave off financial collapse

The Guardian - UK

Channel 4’s Dirty Business is a clarion call to nationalise the water industry

As the drama shows, private firms no longer able to pollute the coast of England of Wales just switched to rivers instead

The Guardian - UK

Thames Water halts plans to hand £2.5m retention bonuses to bosses

The firm was expected to hand £2.46 million to 21 senior executives in so-called retention awards.

Evening Standard

Thames Water defers controversial £2.5m in bonuses to bosses

Heavily indebted utility puts back ‘retention payments’ for 21 executives until new year amid search for rescue deal

The Guardian - UK

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Refinancing is delayed at Thames Water. If Ofwat is playing hard, it should keep going

Discussions are ‘taking longer than expected’, which may mean regulator is tearing chunks out of creditors’ proposal

The Guardian - UK

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 talks over rescue plan ongoing as bill hikes drive revenues higher

The struggling supplier said customer complaints soared by three-quarters to 55,158 in its first half after it hiked bills substantially in April.

Evening Standard

Thames Water’s profits surge amid bill hikes and rise in complaints

The utility giant, which currently owes more than £17bn, saw revenues rise by 42 per cent

The Independent UK

Thames Water faces collapse as crisis talks take ‘longer than expected’

Debt-ridden utility company warns of ‘material uncertainty’ despite seeing profits rise to more than £400m

The Guardian - UK

People living along polluted Thames file legal complaint to force water firm to act

Residents claim raw sewage and poorly treated effluent as result of Thames Water’s failings are threat to health

The Guardian - UK

What really happened when the Sex Pistols appeared on the Bill Grundy show

Pistol on Disney+ dramatised the Sex Pistols' appearance on the Bill Grundy Show in December 1976. The truth is even better than the show

Louder

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Evening Standard

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.

The Guardian - UK

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

Evening Standard

Thames Water delays challenging watchdog’s ruling on bills amid rescue plan

The UK’s biggest water firm said it had agreed with Ofwat to defer the case until further notice.

The Guardian - UK

The bills are water torture – and so is the regulatory process in England

Five suppliers can raise charges but Ofwat is able to celebrate a minor moral victory. The whole process feels surreal

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The Guardian - UK

Millions in England face higher water bills after regulator backs more price rises

Competition watchdog agrees to requests from Anglian, Northumbrian, South East, Southern and Wessex to increase charges

The Guardian - UK

There are no good options at Thames Water. But temporary renationalisation is cleaner

Creditors may well succeed in their plea for lower standards, but at this point customers deserve to see some proper detail

The Guardian - UK

Polly McDonald obituary

Other lives: Television production assistant and manager who later turned to giving careers advice to media professionals

The Guardian - UK

Hard to believe it happened! 70 unforgettable (and unforgivable) shows from 70 years of ITV

From TV so controversial the Foreign Office tried to ban it … to Emmerdale Farm. As the broadcaster hits 70, we look back on the highlights – and lowlights

The Guardian - UK

Thames Water paid £1m-plus to corporate spooks firm part-owned by Starmer adviser

Exclusive: Hakluyt – formerly run by Varun Chandra – has been advising utilities company as it tries to avoid renationalisation

The Guardian - UK

Rescue plan at Thames Water is still too murky

Creditors’ breezy description of their proposal gives a few selected highlights but lacks anything to reassure the poor old customers

The Guardian - UK

Thames Water to do fewer improvement projects under lenders’ new rescue plan

New consortium says infrastructure projects must be cut back to make beleaguered company viable again

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