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The Latest Breaking News from Thames Water

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

The Independent UK

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

Evening Standard

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

The Guardian - UK

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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.

Evening Standard

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

The Guardian - UK

Here’s how we can fight back on water bills

Letter: Paul Kaufman of Boycott Thames Water hopes public anger over water industry failings will force the government to take action

The Guardian - UK

Thames Water slapped with £500,000 in fines over 320 late-finishing roadworks

More than 320 Thames Water roadworks took longer than agreed in just over two years

Evening Standard

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How the UK’s new government is promising to kickstart the economy – and what it still doesn’t have an answer for

The new Labour government has fully laid out its plans for the UK in its first king’s speech to parliament. There were 40 new bills in the speech, aimed at setting a clear agenda focused on growing the economy and improving living standards for working people. And yet there were…

The Conversation

Southern Water boss handed £183,000 bonus despite huge rise in bills

Award for Lawrence Gosden comes after criticism of business plan and attempts to increase bills by 73%

The Guardian - UK

Paying the price of water companies’ failures

Letters: Bill Kingdom on the two halves of the water privatisation story, and Chris Bolt on Ofwat’s water price review

The Guardian - UK

Thames Water owner to liquidate solar energy subsidiary amid debt crisis

Exclusive: solar developer Trinzic to voluntarily shut down as holding company seeks to recoup more than £25m

The Guardian - UK

Thames Water hit with £39m of penalties after missing regulatory targets

Performance report shows debt-laden company missed 21 targets in areas from pollution to supply interruption

The Guardian - UK

Friday briefing: What the crisis at Thames Water means for customers

In today’s newsletter: The UK’s biggest water company has faced fierce criticism after presiding over rising water bills and a sewage crisis – and now customers are facing a 22% increase in bills

The Guardian - UK

Ofwat accused of showing ‘contempt’ to customers over water bill price rises

Politicians and campaigners condemn charging proposals, as regulator puts Thames Water into special measures

The Guardian - UK

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Evening Standard

England vs Spain Euro 2024 final tickets scramble ...The Standard podcast

Plus, why is Thames Water increasing our bills?

The Guardian - UK

The best long-term plan for Thames Water is to get it back on the stock market

The discipline of being a listed company should mean an end to the days of ultra-high leverage and opaque corporate structures

Evening Standard

OPINION - The Standard View: Biden must accept reality: he can’t win

It has taken actor George Clooney to articulate the truth that most Democrat political leaders won’t: Joe Biden must go. In an article in the New York Times, he said the Biden he met recently was not the Biden of 2010 — “he wasn’t even the Joe Biden of 202…

The Guardian - UK

Thames Water placed in special measures due to ‘significant issues’

Ofwat says UK’s biggest water company will come under extra scrutiny as it faces prospect of restructuring or temporary renationalisation

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The Guardian - UK

Rise of £94 in water bills over five years is ‘bitter pill’, says chancellor

Customers in England and Wales to pay an extra £19 each year on average as firms raise money to tackle sewage and leaky pipes

Evening Standard

Thames Water bills to shoot up by almost £100 over the next five years

The company has warned that it could run out of money by next May if it is not allowed to put up bills by 59%

The Guardian - UK

Debt, sewage and dividends: the rising tide of Thames Water’s troubles

In the second part of our focus on the water industry, we chart the decline of one of the UK’s major utility companies, now on the brink of restructuring or renationalisation

The Guardian - UK

Do not let Thames Water’s bondholders wriggle off the hook

Nils Pratley: Bondholders are hoping to escape intact if Ofwat is sufficiently generous with its increases in bills

The Guardian - UK

Thames Water fails to complete 108 upgrades to ageing sewage works

Exclusive: Fears customers will end up paying twice for work needed in order to comply with legal pollution limits

Evening Standard

Thames Water blames climate change after sewage discharge into rivers doubles

Firm under fire as it admits huge increase in pollution as it pushes for 59 per cent bill hike and pays out £195million to shareholders

The Guardian - UK

Rise in sewage pollution from Thames Water’s ageing treatment works

Incidents from sites and pipe network increased by 19 last year to 350 amid delays in investment, company says

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