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The Latest Breaking News from Thames Water

Thames Water has secured a £3bn rescue deal. Here’s what it means for customers

A loan deal designed to prevent the utility company from going bust looks set to go ahead

The Independent UK

Thames Water can continue with £3 billion restructure plan after winning court battle

An appeal against the restructure plan has been dismissed

The Independent UK

Appeal court rules in favour of £3bn bailout for Thames Water

Judges dismiss appeal from campaigners who argued ‘eye-watering’ cost of loan was not in public interest

The Guardian - UK

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Thames Water's "Class B" creditors consider Supreme Court appeal after losing restructuring challenge

The bondholders say they need to see the wording of the Court of Appeal dismissal before making a decision that could prolong legal wrangling

Evening Standard

Thames Water restructure approval challenge dismissed at Court of Appeal

In February, a High Court judge sanctioned a plan proposed by the parent company of Thames Water Group allowing the utility to stay afloat.

Evening Standard

Thames Water set for another vital court ruling amid administration warning

A former senior director said the water firm could collapse soon without a funding deal, which would bring it under temporary state ownership.

Evening Standard

TV tonight: inside the Thames Water £3bn emergency debt package crisis

A documentary follows the controversial water company on the verge of collapsing. Plus: the long-term effects of lockdown on our kids. Here’s what to watch this evening

The Guardian - UK

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Thames Water on TV: pity the staff, this place is decrepit

The company presumably hosted this documentary to show the need for higher bills to pay for new infrastructure

The Guardian - UK

Thames Water begs to be spared fines and costs, warning bidders will walk away

Exclusive: Managers and lenders racing to find a buyer want regulator to agree to leniency amounting to billions of pounds

The Guardian - UK

Sadiq Khan unveils £7m fund in bid to clean up London's rivers

Funding comes as the mayor hosts a roundtable summit with Thames Water and other agencies - but is criticised for failing to include the London Assembly

Evening Standard

Thames Water faces wait to discover if restructure approval will be overturned

Three senior judges will hand down a ruling in writing over whether the decision to approve Thames Water’s restructuring should be overturned.

Evening Standard

Thames Water restructuring plan should not have been approved, court told

A group of Thames Water’s creditors and others are appealing against a decision by the High Court to sanction a plan to keep the company afloat.

Evening Standard

Thames Water faces court claim that £3bn bailout is ‘poor, short-term fix’

Campaigners to argue in court of appeal that plan is not in public interest and special administration is best option

The Guardian - UK

April is the cruellest month: Millions of Londoners face perfect storm of bill rises within weeks

Energy and water bills, council tax, train fares, broadband, mobile, and even alcohol duties are set to increase on or around April 1

Evening Standard

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Evening Standard

Judge blasts Thames Water as financial cliff-edge deadline looms

Thames Water’s barrister told not to “dictate” the timing of crucial hearing

The Independent UK

Group of Thames Water creditors lose alternative restructuring plan bid

The utility – England’s biggest water company – had a restructuring scheme involving up to £3 billion in loans sanctioned on Tuesday.

Evening Standard

Thames Water among six water firms urging watchdog for higher bill increases

Thames Water urged regulators to allow them to raise customers bills hours after a High Court judge approved a £3 billion loan to the firm.

The Guardian - UK

Why is Thames Water getting £3bn and will it save it from collapse?

High court ruling means utility will not run out of cash for now, but a temporary nationalisation could still be on way

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Evening Standard

Thames Water’s £3bn loan to stave off collapse despite ‘eye-watering’ terms

The emergency funding deal prevents Thames Water from falling into temporary nationalisation, but opponents have said they will appeal the ruling.

Evening Standard

Thames Water creditors given go-ahead to appeal against restructuring approval

A High Court judge approved plans to restructure the utility through a loan of up to £3 billion earlier on Tuesday.

Evening Standard

MP says he intends to appeal against approval of Thames Water restructure plans

Barristers for Liberal Democrat MP Charlie Maynard previously told the court the company should be put into special administration.

The Independent UK

Judge approves emergency plan to keep Britain’s largest water company afloat

A judge has approved an emergency plan to keep Britain’s largest water company afloat and averted a possible temporary government takeover

The Independent UK

What Thames Water’s £3bn bailout means for your water bill

What impact will this move have on your wallet? Here’s all the info

Evening Standard

What does Thames Water’s £3 billion rescue loan deal mean for customers?

The PA news agency explains why Thames Water needs emergency money and what happens next.

The Independent UK

Fury as ‘profit-thirsty zombie’ Thames Water kept afloat by £3bn bailout

Restructuring plan enables struggling utility to keep operating just weeks before it was set to run out of money

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