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The Latest Breaking News from Thames

Thames Water funding crisis: the key players in the row over its future

In latest twist to finger-pointing standoff, debt-stricken supplier’s parent company has defaulted on loan

The Guardian - UK · Apr 6, 2024

Thames Water parent tells creditors it has defaulted on debt

Missed interim payment raises prospect of restructure or collapse of troubled company

The Guardian - UK · Apr 5, 2024

Chinese lenders key as Thames Water’s owner seeks time to pay debts

ING, AIB and two Chinese state-owned banks expected to agree extension on £190m loan

The Guardian - UK · Apr 4, 2024

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OPINION - Thames Water wants to raise prices 40%, spill more sewage and not be fined - after lining shareholders' pockets

Early last year, regulator Ofwat at last woke up to the exploitation of the complex financial structures around our water companies. Holding companies had been allowed to borrow against water firms’ assets to increase dividends to shareholders.

Evening Standard · Apr 4, 2024

Thames Water hires restructuring advisers amid fears of collapse

Crunch talks expected after investors refuse to secure short-term cashflow and parent company due to repay £190m loan

The Guardian - UK · Apr 1, 2024

What now for Thames Water as investors turn off the taps?

With £500m of emergency funding withdrawn, calls are growing for the stricken company to be taken into public ownership

The Guardian - UK · Mar 30, 2024

Thames Water on road to state rescue amid investor standoff with Ofwat

After regulator resists 40% increase in bills, shareholders deny request for more money – raising prospect of nationalisation

The Guardian - UK · Mar 28, 2024

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Who will win in standoff between Thames Water’s investors and watchdog?

Ofwat denies shareholder demands for higher bills and looser environmental regulation

The Guardian - UK · Mar 28, 2024

The fate of Thames Water hangs in the balance. So what are its options?

Troubled utilities firm at risk of running out of money by end of April or of cash crunch

The Guardian - UK · Mar 22, 2024

Put Thames Water into special administration, Lib Dems tell ministers

Party calls for firm to be wound up as it seeks shareholder bailout, higher bills and lower fines

The Guardian - UK · Mar 15, 2024

‘I’ve seen solid waste float by’: Surrey riverside residents try to Stop the Poo

The sewage treatment works at Horley seem to be crumbling, much like owner Thames Water itself

The Guardian - UK · Mar 12, 2024

Thames Water accused of ‘misleading’ customers over level of debt payments

Britain’s biggest water company said just 3p in every pound that appeared on bills went to its lenders

The Guardian - UK · Mar 12, 2024

Thames Water absent from industry’s £180m anti-pollution drive

Ministers disappointed by decision of one of worst sewage dumpers not to join England-wide initiative

The Guardian - UK · Mar 11, 2024

Hundreds of thousands of Thames Water customers may be unable to pay bills from April

Prediction comes as Britain’s biggest water supplier battles to stabilise its finances

Evening Standard · Feb 28, 2024

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The Guardian - UK · Feb 12, 2024

Thames Water forecasts more leaks over next two years than predicted

Revision will pile further pressure on firm to invest in infrastructure amid anger over its sewage-dumping record

The Independent UK · Jan 10, 2024

Eton College pupils forced to stay away at start of term as flooding blocks sewers

Thames Water apologises to staff and pupils as college forced to bring back remote learning

The Guardian - UK · Jan 10, 2024

Eton mess: start of school term delayed as flooding causes toilets to back up

Problems with Thames Water-run sewers from recent rains force pupils at £46,000-a-year school to learn remotely

Evening Standard · Jan 8, 2024

Few drops of comfort for new Thames Water boss

City Comment: The ex-military man will surely have no illusions about the scale of the challenge in front of him

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The Guardian - UK · Jan 2, 2024

Thames Water’s second largest investor slashes value of its stake

USS’s write-down of almost two-thirds comes after utility admitted it cannot afford debt repayments

The Guardian - UK · Dec 15, 2023

Thames Water owner hit by second credit rating downgrade in six months

Moody’s move comes as it warns of ‘materially’ increased risks that regulators will block dividend flow

Evening Standard · Dec 14, 2023

Thames Water appoints Chris Weston as £850,000 a year CEO

Former boss of FTSE 250 power company Aggreko will run London's 15 million customer utility from 8 January

The Guardian - UK · Dec 12, 2023

If Thames Water has to be nationalised, so be it. Ofwat should not be bullied

MPs should demand shareholders invest on fair terms for customers. If they refuse, they should be wiped out

International Business Times · Dec 12, 2023

Thames Water Says Needs More Time For Financial Turnaround

Struggling UK utility firm Thames Firm needs more time to turn around its fortunes after announcing a slump in profits and mounting debt, one of its bosses said Tuesday.

The Guardian - UK · Dec 12, 2023

Thames Water apologises to MPs for ‘confusion’ over £500m loan

Labour MP calls firm’s finances an ‘absolute shambles’ as Ofwat vows it is prepared to put it into administration

The Guardian - UK · Dec 12, 2023

Thames Water apologises after 200 tankers of raw sewage left in Surrey town

Raw sewage held in open tanks in Camberley for six months during hottest summer on record

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