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The Latest Breaking News from Thames Water

Water winners: who will gain from the industry’s spending spree in England and Wales?

As Labour shakes up regulation, suppliers are finally investing – but face problems such as contractor shortages and inflation

The Guardian - UK

Troubled waters: How the UK’s water companies became a national disgrace

Outages in Kent and Sussex this week became the latest in a long list of breakdowns in the UK’s creaking water system. Harry Cockburn asks how Britain can solve its utilities crisis

The Independent UK

East London homes left without water for almost a week after main bursts

The issue was finally resolved this week after multiple days

Evening Standard

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Fatberg weighing 100 tonnes discovered in east London sewer

Mass of congealed fat, oil and grease 100 metres in length found blocking sewers in Whitechapel area of capital

The Guardian - UK

Thames Water halts plans to hand £2.5m retention bonuses to bosses

The firm was expected to hand £2.46 million to 21 senior executives in so-called retention awards.

Evening Standard

Thames Water defers controversial £2.5m in bonuses to bosses

Heavily indebted utility puts back ‘retention payments’ for 21 executives until new year amid search for rescue deal

The Guardian - UK

Refinancing is delayed at Thames Water. If Ofwat is playing hard, it should keep going

Discussions are ‘taking longer than expected’, which may mean regulator is tearing chunks out of creditors’ proposal

The Guardian - UK

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Thames Water’s profits surge after bills increase by nearly a third

IN FULL

The Independent UK

Complaints from Thames Water customers rocket more than 70% after bill hikes

Higher bills allowed Thames Water to return to profit and boost investment

Evening Standard

Thames Water talks over rescue plan ongoing as bill hikes drive revenues higher

The struggling supplier said customer complaints soared by three-quarters to 55,158 in its first half after it hiked bills substantially in April.

Evening Standard

Thames Water’s profits surge amid bill hikes and rise in complaints

The utility giant, which currently owes more than £17bn, saw revenues rise by 42 per cent

The Independent UK

Thames Water faces collapse as crisis talks take ‘longer than expected’

Debt-ridden utility company warns of ‘material uncertainty’ despite seeing profits rise to more than £400m

The Guardian - UK

Thames Water profits surge on higher bills; Prada buys Versace for $1.4bn – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

People living along polluted Thames file legal complaint to force water firm to act

Residents claim raw sewage and poorly treated effluent as result of Thames Water’s failings are threat to health

The Guardian - UK

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The Guardian - UK

England’s water industry issued £10.5bn in ‘green bonds’ despite pollution record

River Action says use of issuance tied to environmental benefits is ‘corporate greenwash on steroids’

Evening Standard

Thames Water lifts hosepipe ban following 'above average rainfall'

The ban was introduced in July when UK experienced the warmest summer on record

Evening Standard

Castle Water vows to create 2,000 jobs at Thames Water in fresh bid approach

The utility firm has returned with an improved proposal for Thames, which is in advanced talks with creditors and regulators to secure funding.

The Guardian - UK

Thames Water bidder says it is offering £1bn extra cash injection

Castle Water says restructuring plans do not go far enough and extra funds will help resolve pollution crisis

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The Guardian - UK

Thames Water tried to make MP pay its legal fees of up to £1,400 an hour

Exclusive: Charlie Maynard accuses the utility of ‘retaliation’ over his push for government to gain control of company

The Independent UK

Date when plastic in wet wipes will finally be banned is confirmed

The ban was introduced as a private members bill by MP Fleur Anderson, as way of removing plastic from wet wipes, making them more biodegradable and reducing long-lasting pollution

Evening Standard

Wessex Water should pay £11m over wastewater failures, says regulator

Ofwat said the failures related to the maintenance of Wessex Water’s network to ensure it could cope with flows of sewage and wastewater.

The Guardian - UK

Bosses at six water firms had £4m in bonuses blocked under new rules, Ofwat says

Regulator also considers forcing companies to report pay received from parent firms after Guardian investigation

Evening Standard

Thames Water among six water firms to have bonuses for top bosses blocked

More than £4 million of potential bonuses were banned under new rules on performance-related executive pay, regulator Ofwat said.

Evening Standard

Water firms’ environmental performance sinks as serious pollution cases up 60%

The Environment Agency has called for a fundamental shift in culture and behaviour from English water firms in the light of ‘poor’ results.

The Guardian - UK

Water firms in England could face harsher sewage fines under new Environment Agency powers

Government consults on allowing regulator to use lower civil standard of proof and introducing automatic penalties

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