Bonuses banned for 10 English water bosses over sewage pollution Sanctions, including for Thames Water CEO, announced as part of new government powers under Water Act The Guardian - UK · Jun 5, 2025
A race against time: what now for Thames Water after rescue deal collapses? Huge group of creditors in scramble as prospect of temporary nationalisation looms large for troubled firm The Guardian - UK · Jun 4, 2025
Hapless Thames Water is finally drinking in the last chance saloon Can troubled UK utilities company find any willing suitors after KKR’s 11th-hour abandonment of £4bn bid? The Guardian - UK · Jun 3, 2025
Voices: If the government wants to save Thames Water, it’s going to need to get its hands dirty COMMENT: As the very public rescue deal for the ailing company collapses, James Moore warns that the government needs to get its hands dirty to clean up the water industry. This game of pass the buck isn’t doing anyone any favours... The Independent UK · Jun 3, 2025
OPINION - KKR can walk away from the Thames Water fiasco...the rest of us are stuck with it Even the New York firm that takes on the toughest challenges balked at London’s water supplier Evening Standard · Jun 3, 2025
Thames Water nationalisation ‘not the answer’ says minister after takeover rescue fails Troubled utility has uncertain future after private equity giant pulls out of turnaround plan The Independent UK · Jun 3, 2025
Thames Water rescue takeover collapses after private equity firm KKR drops out The troubled utility is taking forward talks with ‘certain senior creditors’ on an alternative plan to recapitalise the business. Evening Standard · Jun 3, 2025
US private equity firm KKR drops bid to buy troubled British utility Thames Water British utility Thames Water says a U.S. investment firm has dropped a rescue bid for the debt-burdened company The Independent UK · Jun 3, 2025
New York private equity giant KKR pulls out of Thames Water rescue Thames Water boss says he is “disappointed” by KKR’s decision but will continue talks with creditors Evening Standard · Jun 3, 2025
Bank of England governor warns Trump tariffs have ‘blown up’ global trade system – as it happened Rolling coverage of the latest economic and financial news, as MPs quiz the Bank of England about interest rates, and trade wars The Guardian - UK · Jun 3, 2025
Thames Water preferred bidder KKR pulls out of rescue deal Future of troubled supplier in doubt as US private equity group says it cannot proceed with acquiring £4bn stake The Guardian - UK · Jun 3, 2025
Thames Water fined record £123m over sewage breaches and dividend payments Regulator Ofwat said Thames had ‘let down its customers and failed to protect the environment’ as it issued the water industry’s biggest ever fine. The Independent UK · May 28, 2025
Thames Water hit with £123m of fines over sewage and dividend breaches As Ofwat imposes record fine for environmental failing, minister says ‘era of profiting from failure is over’ The Guardian - UK · May 28, 2025
Thames Water boss ordered to tell MPs if executives received bonus payments Chris Weston, boss of Britain’s biggest water company, faces questions over ‘paused’ executive bonus scheme The Guardian - UK · May 23, 2025
The Guardian - UK · May 20, 2025 Thames Water and Anglian Water face 53 criminal investigations over sewage Firms among England and Wales suppliers facing record 81 investigations as sources say ‘polluter will pay’ for their cost
The Guardian - UK · May 20, 2025 Thames Water’s arrogance over retention bonuses is breathtaking Government and Ofwat unlikely to revive scheme handing out ‘very substantial’ payments for remaining on payroll
Evening Standard · May 20, 2025 Thames Water drops bonuses due for bosses after Government criticism Environment Secretary Steve Reed confirmed the proposals had been dropped during an Environment, Food and Rural Affairs Committee session with MPs.
The Guardian - UK · May 20, 2025 Thames Water: big bonuses due from emergency £3bn loan ‘withdrawn’ Environment secretary makes announcement after company’s chair said he ‘may have misspoken’ to MPs
The Guardian - UK · May 20, 2025 Thames Water chair could face questions after comments to MPs on bonuses Exclusive: Sir Adrian Montague told select committee paying bonuses out of emergency £3bn loan was insisted upon by creditors
The Guardian - UK · May 15, 2025 Ministers to block Thames Water paying bosses bonuses out of emergency loan Exclusive: Firm close to insolvency says using £3bn loan to pay ‘substantial’ bonuses is vital to retain senior managers
The Guardian - UK · May 13, 2025 A torrent of special pleas from Thames Water Company hopes to win big compromises from regulators to get its financial restructuring over the line
The Guardian - UK · May 13, 2025 Thames Water finances were ‘hair raising’, chair tells MPs Adrian Montague also said some bosses in line for payouts of ‘50% of salary, very substantial bonuses’
Evening Standard · May 13, 2025 Thames Water chairman apologises to customers but defends bonuses for bosses Sir Adrian Montague revealed to MPs how close the company had come to running out of money in the last year, calling the situation ‘hair-raising’.
The Guardian - UK · May 12, 2025 MPs should not accept any murky answers from Thames Water chair on potential sale Sir Adrian Montague’s appearance on Tuesday offers perhaps the last chance to scrutinise utility’s dealings
The Guardian - UK · May 3, 2025 Treasury threatens Defra with £4bn bill if Thames Water nationalised Exclusive: Treasury threat an example of ‘scare tactics’ to help force through private sector deal, sources suggest