The Latest Breaking News from Thames

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.

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

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

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

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

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

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

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

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