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The Latest Breaking News from Thames

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

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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

The Guardian - UK

Reeves says Thames Water should find ‘market-based solution’

Chancellor aims to reassure creditors but says ministers are planning for all options including special administration

The Guardian - UK

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Thames Water agrees payment plan for £123m sewage and dividend fines

Ofwat gives the company breathing space as it scrambles to secure funding to avoid nationalisation

The Guardian - UK

Thames Water to pay fifth of record £122.7m fines by end of September

The remaining 80% is dependant on the financial security and future of the debt-laden water supplier, but a backstop has been set for March 31 2030.

Evening Standard

Thames Water agrees new £122m fine payment plan amid concerns over its future

Campaign group River Action slammed it as a ‘sweetheart deal’

The Independent UK

‘Even Puerto Rico paid its bill’: Thames Water creditor suggests backers are safe

Creditors of US territory’s were protected during municipal default, says Assured Guaranty’s chief executive

The Guardian - UK

Thames Water says new Abingdon reservoir could cost bill-payers up to £7.5bn

Price rise to three times original budget is a blow to government’s reservoir expansion plans

The Guardian - UK

Hong Kong’s CKI a leading contender to buy Thames Water, reports say

The infrastructure company is among those lining up to acquire the struggling utility if it collapses

The Guardian - UK

Thames Water: advisers appointed to plan for company’s potential collapse

FTI Consulting seen as frontrunner to advise on placing the utility into a special administration regime

The Guardian - UK

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Evening Standard

Government lines up insolvency firm in case of Thames Water collapse

Contingency plans could see Britain’s biggest water firm placed into a special administration regime.

The Guardian - UK

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

Charity in legal action against minister for failing to act over Thames Water

River Action says failure to publish and put into practice policy on nationalisation of failing water firms is unlawful

inkl

The UK’s Thames Water Could Be Renationalized - What Lessons Can Be Learned?

A completely privately run public water system is an experiment few countries have decided to try.

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The Guardian - UK

‘Outwitted’: have water companies managed to sidestep Labour’s bonus ban?

Concerns loophole in 2025 act allows payouts at firms that repeatedly pollute England’s waterways with sewage

Evening Standard

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.

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 announces hosepipe ban as dry weather depletes reservoirs

Restrictions to come into effect in Gloucestershire, Oxfordshire, Berkshire and Wiltshire from 22 July

The Guardian - UK

Thames Water spent £136m on securing emergency funding, leaked document suggests

‘Atypical expenditure’ document suggests utility’s costs over 12 months outstripped the £130m it paid in fines

International Business Times UK

Thames Water Under Fire After Emergency Loan Was Given As 'Extravagant' £2.5m Bonuses

Thames Water used funds from an emergency loan to pay £2.46 million in bonuses to 21 managers, despite the loan being intended to keep the troubled company afloat.

The Guardian - UK

Thames Water refuses to claw back bonuses paid using £3bn emergency loan

Money was paid out from loan meant to stabilise firm’s finances weeks before it paused retention payments plan

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