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The Latest Breaking News from Thames Water

Water firms face £800m legal action after ‘underreporting sewage discharges’

Six companies, including Thames Water and Severn Trent Water, could end up paying over £800mn to millions of customers if these claims are successful

The Independent UK

Public could receive hundreds of millions as water firms face sewage lawsuit

Class action legal claim on behalf of 20 million householders in England and Wales could top £800m in compensation

The Guardian - UK

Thames Water has failed to install any smart meters yet in £70m green scheme

Company admits delay in rolling out devices to 204,700 customers, with deadline less than two years away

The Guardian - UK

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Thames Water crisis presents an opportunity for better business

Letters: Nationalisation dominates the debate, but there are other viable alternatives, writes Victor Adebowale

The Guardian - UK

Thames Water’s biggest investor has cut value of stake by nearly 30%

Debt-laden company has faced questions over financial stability and ability to raise funds

The Guardian - UK

Thames Water boss warns people with bigger gardens could pay more

Water chief also says ‘progressive charging system’ should be considered

The Independent UK

Rayner attacks Tories over ‘mortgage bombshell’ as Sunak misses PMQs again – as it happened

Rishi Sunak is attending the Nato summit but will fly back to host Tory MPs at No 10 later

The Guardian - UK

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Watch as Thames Water bosses questioned by MPs over financial viability

Watch as a parliamentary committee quizzes water industry bosses as concerns mount over the financial viability of Britain’s water suppliers.

The Independent UK

London faces water rationing ‘imminently’, claims leading environmentalist

River Action chief executive James Wallace made his comments at a Greater London Authority hearing about Thames Water.

Evening Standard

UK water crisis pollutes privatisation legacy

LONDON: Britain's biggest water supplier staving off renationalisation, trains derailed by strikes and consumers suffering huge energy bills — the nation's vital sectors are mired in chaos decades after their controversial privatisation.

Bangkok Post

British water privatisation offers cautionary tale

Bills are never popular. They're especially unwelcome when it comes to paying for something that falls from the sky. Unfortunately, as Britain's water systems struggle under financial mismanagement and the pressures of climate change, higher water costs are something consumers are all going to have to swallow.

Bangkok Post

Thames Water still faces slow drip over funding

Monday’s announcement is not a ‘major milestone’ – choppy waters remain, such as the price review

The Guardian - UK

United Utilities agrees £1.8bn deal with Legal & General

The move comes after United Utilities defended its financial position in the wake of the unfolding situation at counterpart Thames Water

Birmingham Post

Inside the capital’s water crisis — are Londoners’ taps about to run dry?

After years of piling on debt and sucking out profits to pay shareholders rather than improve infrastructure, Thames Water is near collapse — leaving the city 24 hours away from having its supply turned off. Claire Cohen investigates

Evening Standard

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Evening Standard

Thames Water’s former CEO handed half a million pounds as higher bills help keep it afloat

Shareholders put in another £750 million to heavily indebted company

The Guardian - UK

Tube train drivers to join strikes in late July; EasyJet cancels 1,700 flights, blaming Gatwick delays – as it happened

Rolling coverage of the latest economic and financial news

The Independent UK

Debt-ridden Thames Water raises £750m but warns billions more needed

Last month government began drawing up contingency plans to take supplier into public ownership in case it collapsed

The Guardian - UK

Thames Water secures extra £750m from shareholders to help stave off nationalisation

Money follows £500m injection in March but troubled utility warns much more future funding needed

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The Guardian - UK

South East Water spent more on dividends and debt than infrastructure

Company criticised after 6,000 households were left without running water last month

Evening Standard

OPINION - Thames Water’s toxic mix of debt and sewage shows that privatisation has failed

Another day, another story about the literal s**tshow that our water companies have become.

The Week

How to save money on your water bill

Households could see their water bills rise next year as providers aim to tackle sewage spills and meet environmental requirements.

The Guardian - UK

Ofwat boss denies water industry badly regulated as he predicts higher bills

David Black says water firms’ debt is ‘their issue to sort out’ because regulator did not have powers to tackle problem until recently

The Guardian - UK

Rail firms unveil plans for mass closure of England’s ticket offices to ‘modernise’ railway – as it happened

Plans will ramp up battle with unions; boss of water watchdog says higher water bills are coming to fund infrastructure improvements

The Guardian - UK

Private equity is failing water companies again. Get these firms back on the stock market

Listing would allow the market to be admirably brutal – inflicting pain on the owners and forcing management changes

The Independent UK

Henley Regatta organisers say event marred by sewage pollution

‘Sewage pollution is harming the environment that we enjoy and respect so much’, the regatta’s chairman said

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