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The Latest Breaking News from Thames Water

Feeding frenzy: how army of advisers is making millions from Thames Water

Court case points to sizeable fees being racked up as firm seeks £3bn loan to try to avoid temporary nationalisation

The Guardian - UK

Thames Water chairman accused of conflict of interest over £37m share dividend payment

Defra officials concerned about ‘conflicted position’ of Sir Adrian Montague over dual role chairing holding company

The Guardian - UK

Thames Water may get just £500m in usable cash by borrowing £1.5bn, court told

Struggling firm’s resources to be depleted due to expensive fees and interest costs in restructuring deal

The Guardian - UK

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Thames Water may need £10bn investment to repair finances, high court hears

Struggling company may require significantly more resources than roughly £6.3bn it previously indicated

The Guardian - UK

Thames Water ‘putting gun to head’ of court over £3bn debt, investors claim

Water company argues that its favoured offer should be approved or it will face temporary nationalisation

The Guardian - UK

Thames Water restructure plans a ‘bridge to nowhere’, MP’s barristers tell court

Barristers for Charlie Maynard, MP for Witney in Oxfordshire, told the High Court that plans to restructure the utility were a ‘poor short-term fix’.

The Independent UK

Thames Water running out of money ‘a risk which cannot be run’, High Court told

The High Court will consider whether to sanction plans to restructure the utility following a four-day hearing in London.

The Independent UK

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Campaigners to use Thames Water high court case to push for temporary nationalisation

Judge to rule on utility’s plea for £3bn debt lifeline as MPs and charities say emergency loan too costly for customers

The Guardian - UK

Shepherd’s Bush chaos as Thames Water engineers struggle to fix massive burst main

Leaks still bubbling away on Monday morning after dramatic 60ft ‘geyser’ erupted from a burst water main at Shepherd's Bush Green

Evening Standard

Thirty MPs demand Ofwat puts Thames Water into special measures

Exclusive: Labour and Green MPs write to regulator’s chief executive voicing fears about an expensive public bailout

The Guardian - UK

Millions of Londoners face staggering £200-plus rise in water bills this year

The 16 millions customers served by beleaguered Thames Water will see a 31% hike within weeks, with average annual bills soaring to £639

Evening Standard

Water bills in England and Wales to rise by £123 on average this year

Largest price hike since privatisation is even more than the £86 predicted by Ofwat as companies add inflation on top

The Guardian - UK

Water bills set to rise an average £123 from April – check your area

The rise will take the average bill in England and Wales from £480 to £603 for the next year alone

The Independent UK

Yearly water bills to rise by average £123 from April 1

The rise, confirmed by industry body Water UK, will take the average bill in England and Wales from £480 to £603 for the next year alone.

Evening Standard

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Evening Standard

Islington councillors slam 'greedy' Thames Water after bills soar and leaks increase

Burst water mains have caused floods in north London

The Guardian - UK

Water industry promises £22bn of environmental investment, funded by rising bills

The Environment Agency has secured a commitment to carry out 24,000 actions over the next five years

The Guardian - UK

Water firm river pollution fines must be spent on rivers, MPs to say

Lib Dem Tim Farron seeks law to protect fund as Treasury tries to take control of £11m

The Guardian - UK

Water companies in England ‘use greenwashing playbook to hide environmental harm’

Researchers say companies have prolonged injustice and exaggerated cost of solving infrastructure problems

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The Guardian - UK

Thames Water rescuers seek clean break before committing fresh funds

Exclusive: Some bidders demand temporary renationalisation to help cut debts and oust bosses

The Independent UK

What happens if Thames Water goes bankrupt?

The government could take ownership of the water company – along with its £16bn debt pile

The Guardian - UK

Thames Water credit rating slashed as administrators approached

Moody’s changes outlook on firm from stable to negative as financial plans ‘do not provide attractive risk-return balance’

The Guardian - UK

UK government contacts potential administrators for Thames Water

Teneo, Interpath and EY among those reportedly approached for the role if company falls into bankruptcy

The Guardian - UK

Ministers must hold the line on Thames Water. Administration is better than a bailout

It seems Thames is trying to scare the government into thinking the world will end if it falls into ‘special administration’

Evening Standard

OPINION - London has an illegal migration problem — but the government is telling us not to talk about it

The Government has lost no time in responding to a report in the Daily Telegraph today, suggesting that up to one in 12 people living in London is here illegally. And the gist is, nothing to see here, folks. Move along. Or as a Home Office spokesman put it, “This…

Evening Standard

Part of Thames Water restructure plan ‘holds company to ransom’, High Court told

Two groups of the utility’s creditors have introduced rival restructuring plans for the company, which could run out of money by late March.

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