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The Latest Breaking News from Thames Water

Remainder of year’s water bills will pay dividends and service debts, say campaigners

We Own It says 31% of water bills went on shareholder payouts and company debts in last financial year, while the same percentage of 2024 remains

The Guardian - UK

Elliott, unlike Thames Water’s board, sees the inevitability of debt writedowns

Hedge fund’s reported purchase of £1bn of bonds at a big discount suggests growing realism about company’s future

The Guardian - UK

Water firms in England and Wales lost more than 1tn litres from leaks last year

Hundreds of millions of litres were wasted every day, with Thames Water revealed as the worst offender

The Guardian - UK

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Thames Water Wants To Hike Prices By Up To 59% In 2025: 'After Keeping Bills Low, Now Is The Time For Difficult Choices'

Thames Water proposes a controversial 59% hike in customer bills by 2025 to fund essential infrastructure upgrades, sparking concerns amid financial pressures on households and regulatory scrutiny.

International Business Times UK

Thames Water lobbied Whitehall to press Ofwat on allowing higher bills

Exclusive: Debt-ridden company also warned officials of ‘chilling effect’ of any renationalisation

The Guardian - UK

Thames Water’s ‘difficult choices’ must include pain for bondholders

Customers know bills have to rise, but shareholders should also pay, as they would at a conventional company that overextended itself

The Guardian - UK

Thames Water says without steep bill increase it’s ‘neither financeable nor investible’

Debt-laden company tells Ofwat if it cannot charge customers 59% more, it ‘would prevent company turnaround and recovery’

The Guardian - UK

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Thames Water proposes huge new bills hike

The average bill over the five-year period from 2025 to 2030 would be £638 under the proposal

The Independent UK

Federal Reserve’s Jerome Powell says ‘the time has come’ for US interest rate cuts – as it happened

Live coverage as investors wait for signs at Jackson Hole summit of how fast US central bank will cut interest rates starting in September

The Guardian - UK

Canadian export agency ‘nursing losses’ after lending $1bn to Thames Water

State-backed body EDC has reportedly sold at deep discount five loans made to debt-ridden UK utility

The Guardian - UK

Thames Water barred from billing customers for pension shortfall

Company faces scramble for funds after Ofwat says deficit is for managers and shareholders alone to deal with

The Guardian - UK

Warning as sewage leaks into parks and green spaces in south-west London

The warning comes as water companies face harsher punishments for sewage leaks

Evening Standard

Three water companies face big fines for sewage spills – it won’t do any good unless our whole approach to waste changes

The recent announcement of £168 million in sewage pollution fines issued to three water companies has renewed hope that the regulator for England and Wales, Ofwat, is finally taking action in line with public opinion.

The Conversation

I swam in the Thames last week. Yes, it is full of sewage – but it is also a beautiful river

The Thames is often treated badly: pumped with effluent by water companies and viewed as just a geographical gap or dividing line. It is worth remembering its magic, writes Nell Frizzell

The Guardian - UK

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The Guardian - UK

Thames Water’s turnaround plan to be supervised by independent monitor

Ofwat says monitor will have access to company’s financial information and report back to regulator

The Independent UK

Mapped: Sewage in English rivers as water companies face £168m in combined fines

Campaigners have welcomed the proposed fines but warned the penalties highlight the ‘sheer state of disrepair’ of the water and sewage industry

The Guardian - UK

Thames Water’s assets are looking worse and worse. Bondholders must pay

Damning Ofwat report underlines multiple operational failings at the beleaguered company

The Guardian - UK

UK rivers and beaches have been heaped with pollution for years – when will we talk about restoration?

The penalties reflect the failings of the Environment Agency and Ofwat as much as the water companies

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Evening Standard

OPINION - The Standard View: Violent criminals must understand that justice is coming

As police officers come under attack in Plymouth, Darlington and Belfast, and as reports circulate that far-Right thugs are planning protests in four London boroughs, it is vital that justice urgently takes its course.

Evening Standard

Thames Water faces record £104m fine over sewage spills

London’s water company among three firms facing combined £168m in fines for ‘catalogue of failure’ on sewage pollution

The Independent UK

Three of England’s biggest water companies face £168m in fines over sewage spills

Water firms ‘causing extensive environmental damage’ by routinely releasing sewage into rivers and seas, regulator Ofwat says

Evening Standard

Road sweeper firm fined over £20,000 for stealing water by illegally connecting to supply

The firm had been connecting to standpipes in Oxfordshire, Berkshire and London since 2018

The Guardian - UK

Thames Water breaches licence as part of its debt downgraded to junk

Move by ratings company Moody’s puts Thames in breach its operating licence but Ofwat likely to hold off on large fine

Evening Standard

Moody’s cuts Thames Water’s highest-ranked bonds to junk

Moody’s Ratings lowered Thames Water’s class A debt to junk after the UK’s water regulator placed the company under a so-called turnaround oversight regime.

The Guardian - UK

Global IT failure has left me fearing the word ‘upgrade’

Brief letters: CrowdStrike outage | Computer illiterates | Fighting water companies | Long-lived historian | Rubber band saves sole

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