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The Latest Breaking News from Thames Water

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.

Evening Standard

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

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 Guardian - UK

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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

The Independent UK

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.

Evening Standard

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

The Guardian - UK

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

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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.

Evening Standard

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

The Guardian - UK

New fines proposed for water firms committing smaller environmental offences

Government plans to hand more powers to the Environment Agency to penalise water companies for minor rule-breaking are now under consultation.

The Independent UK

Thames Water delays challenging watchdog’s ruling on bills amid rescue plan

The UK’s biggest water firm said it had agreed with Ofwat to defer the case until further notice.

Evening Standard

Millions in England face higher water bills after regulator backs more price rises

Competition watchdog agrees to requests from Anglian, Northumbrian, South East, Southern and Wessex to increase charges

The Guardian - UK

Thames Water removes 100-tonne fatberg from west London sewer

Toxic mass chiselled out of Feltham pipes amid campaign to stop people tipping harmful substances down drains

The Guardian - UK

Residents warned as huge ‘fatberg’ takes weeks to clear

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The Independent UK

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Evening Standard

Shocking 'fatberg' weighing 100 tonnes is cleared from west London sewer

The solid mass consisted mainly of wet wipes and weighed the equivalent of eight double-decker buses

The Independent UK

100-tonne ‘fatberg’ blockage removed from London sewer

Thames Water described the clearance of the fatberg as ‘hugely complex’

The Guardian - UK

Water bills: millions of households in England could face even bigger rises

CMA poised to give verdict after appeal by five firms for permission to increase bills higher than allowed by Ofwat

Evening Standard

The 14 rivers set to be cleaned up with funding from £3.3 million of Thames Water fines

More than £3.3 million of penalties handed to the capital’s water company between April 2022 and October 2023 are now funding river schemes across the city

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The Independent UK

£10m in fines paid by water firms funds restoration of sewage-polluted waterways

Fifty-one projects have won funding, including restoring riverbeds in Exmoor National Park and tackling septic tank spills into Windermere.

The Guardian - UK

There are no good options at Thames Water. But temporary renationalisation is cleaner

Creditors may well succeed in their plea for lower standards, but at this point customers deserve to see some proper detail

Evening Standard

Woman who died after refusing chemotherapy ‘adversely influenced’ by mother

Paloma Shemirani, 23, collapsed on July 19 last year and was taken to Royal Sussex County Hospital where she died five days later.

Evening Standard

Thames Water lenders submit new rescue plan to avoid nationalisation

The London & Valley Water group of creditors has outlined plans to write off around £4 billion, or 25%, of the debt they hold in Thames Water.

The Independent UK

Business news live - Thames Water creditors submit rescue plan to prevent administration

Stock market news plus latest business and personal finance updates from Thursday

The Guardian - UK

Thames Water creditors ask for up to 15 years’ leniency from river pollution rules

Lenders say a ‘full return to legal, regulatory and environmental compliance’ under new rescue plan would not be completed until at least 2035-2040

Evening Standard

Thames Water lenders propose new rescue deal to prevent collapse

London & Valley Water hope to eventually float Thames Water on the stock market after turning around the firm’s fortunes.

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