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The Latest Breaking News from Thames Water

Sewage in kitchens and ‘white elephant’ projects: why Thames Water is struggling

The shock departure of its chief executive this week is not the only problem the water company is facing

The Guardian - UK

How Thames Water came to be flooded with debt – and what it means for taxpayers

Thames Water is reportedly on the brink of collapse. The UK’s largest water company, well known for its high levels of water leakage, sewage spills, executive pay and dividend payments, now appears to be flooded with debts that it cannot afford to pay.

The Conversation

Labour MPs urge Keir Starmer to commit to nationalising water firms

Exclusive: Thames Water crisis prompts call for rethink on party’s decision to ditch nationalisation policy

The Guardian - UK

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Thames Water’s annual profit figures may come out after MPs grill industry executives

London’s water provider usually publishes its accounts in the first week of July

Evening Standard

Question Time audience member urges UK to 'look to what Scotland's done'

A QUESTION Time audience member was applauded after she said that the Government south of the Border should “look to what Scotland’s done” ...

The National (Scotland)

Thames Water crisis explained as utility giant serving 15m people faces collapse

The utility giant is struggling under a £14 billion debt pile

The Independent UK

Friday briefing: Could Thames Water’s cautionary tale end the UK’s love affair with privatisation?

In today’s newsletter: Guardian business correspondent Alex Lawson on how things got so bad for the private water company, and where we go from here

The Guardian - UK

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In charts: how privatisation drained Thames Water’s coffers

Decades of underinvestment and bumper dividends have left the firm debt-laden and under investigation

The Guardian - UK

United Utilities defends 'robust and prudent' finances in wake of Thames Water crisis

United Utilities recently agreed to hand more than £300m to its shareholders

Birmingham Post

Bosses at nine water firms pocketed £13million last year - while YOU face higher bills

It follows reports water firms are planning to hike household bills by up to 40% to meet costs of the sewage crisis

Daily Mirror

Thames Water could delay accounts as turmoil in water industry grows

Firm refuses to say when it will publish annual report; pressure builds on regulator Ofwat

The Guardian - UK

Ministers must get a grip: no bailout for Thames Water’s backers

Any financial reconstruction of Thames is simple. Shareholders and bondholders are on the hook

The Guardian - UK

Water industry is 'teetering on the brink of insolvency' warns Feargal Sharkey

The Government is drawing up plans to rescue debt-ridden Thames Water, despite being owned by a wealthy foreign investors from as far afield as Canada and Abu Dhabi

Daily Mirror

Who owns Thames Water? Firm in High Court battle against administration

Company needs up to £3bn to stay afloat

Evening Standard

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Nottingham Post

The five debt-riddled water companies that regulator Ofwat is most worried about

There are fears about other companies alongside troubled Thames Water

Wales Online

The five water companies that regulator Ofwat is most worried about

There are fears about other companies alongside troubled Thames Water

The Guardian - UK

England’s water companies are ‘environmentally insolvent’, study says

Firms are unable to raise £260bn to deal with sewage spillages according to researchers

Daily Mirror

Water firms face staggering £60 BILLION debts amid Thames Water collapse threat

Emergency plans are reportedly being drawn up by the government for the collapse of Thames Water as concerns grow over the utility company’s £14billion debt

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Evening Standard

The cost of nationalising Thames Water? Nothing

City Comment: You might hate the idea of Government-owned utilities on principle. But financially, there’s no reason to object to buying back Thames Water

The Guardian - UK

What are the options for Thames Water as crisis talks continue?

From special administration to waiting for shareholders to bail it out, the future of the utility hangs in the balance

Evening Standard

Troubled Thames Water brings in veteran City ‘fixer’ as chair

Sir Adrian Montague is regarded as having a rare insight into the workings of Whitehall

The Guardian - UK

Taxpayer cash must not be used to bail out Thames Water, says Feargal Sharkey

Campaigner says firm should be brought under public control using powers in original privatisation legislation

The National (Scotland)

Thames Water crisis ‘shows Scotland right to keep water public’

THE growing crisis over Thames Water has shown "Scotland was right to keep water in public hands", the SNP say.

The Week

Why is Thames Water struggling to stay afloat?

The sudden resignation of its chief executive while the company is struggling to finance a £14 billion debt has left the government nervously preparing for the potential collapse of Thames Water.

The Guardian - UK

Thames Water appoints Sir Adrian Montague as chair; squeezed households run down savings – as it happened

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