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The Latest Breaking News from Thames Water

Six water companies banned from paying bonuses to senior bosses

New rules ban bonuses if a water company does not meet environmental or consumer standards or does not meet financial resilience requirements.

The Independent UK

'Contemptible' Thames Water accused of 'telling lies to the British public' in dividends row

The scathing criticism came as peers discussed a collapsed rescue deal for the debt-laden firm

Evening Standard

Northumbrian Water to pay out £15.7m after sewage and water network failings

Bosses at the watchdog Ofwat said the company’s failures led to ‘excessive spills from storm overflows’.

Evening Standard

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A race against time: what now for Thames Water after rescue deal collapses?

Huge group of creditors in scramble as prospect of temporary nationalisation looms large for troubled firm

The Guardian - UK

Thames Water creditors warn of "short and closing window" to agree rescue deal

A group of more than 100 creditors holding £13 billion of Thames Water debt said time is running out

Evening Standard

Future of formerly at-risk tower house dating to 1800s secured

Culmore Fort has been converted for community use and is set to accommodate mental health support for young people.

Evening Standard

Hapless Thames Water is finally drinking in the last chance saloon

Can troubled UK utilities company find any willing suitors after KKR’s 11th-hour abandonment of £4bn bid?

The Guardian - UK

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Thames Water nationalisation ‘not the answer’ says minister after private equity rescue fails

Future of Britain’s biggest water supplier in question as investor pulls out of turnaround plan

The Independent UK

Voices: If the government wants to save Thames Water, it’s going to need to get its hands dirty

COMMENT: As the very public rescue deal for the ailing company collapses, James Moore warns that the government needs to get its hands dirty to clean up the water industry. This game of pass the buck isn’t doing anyone any favours...

The Independent UK

Public ownership ‘not the answer’ says Reed after Thames Water deal collapse

At the despatch box, Conservative shadow environment secretary Victoria Atkins accused ministers of having “talked themselves out of” a rescue plan.

Evening Standard

OPINION - KKR can walk away from the Thames Water fiasco...the rest of us are stuck with it

Even the New York firm that takes on the toughest challenges balked at London’s water supplier

Evening Standard

Water sector suffering from ‘deep-rooted’ failures, review warns

The Government-commissioned review calls for reform of laws, regulation and company management and infrastructure.

Evening Standard

Thames Water rescue takeover collapses after private equity firm KKR drops out

The troubled utility is taking forward talks with ‘certain senior creditors’ on an alternative plan to recapitalise the business.

Evening Standard

Thames Water nationalisation ‘not the answer’ says minister after takeover rescue fails

Troubled utility has uncertain future after private equity giant pulls out of turnaround plan

The Independent UK

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The Independent UK

US private equity firm KKR drops bid to buy troubled British utility Thames Water

British utility Thames Water says a U.S. investment firm has dropped a rescue bid for the debt-burdened company

The Independent UK

Concerns Thames Water may need government bailout as bidder withdraws

IN FULL

The Independent UK

Thames Water dealt fresh blow as potential investor drops out of deal to prop up embattled firm

Thames Water now progressing talks with senior creditors for an alternative to stabilise finances

Evening Standard

New York private equity giant KKR pulls out of Thames Water rescue

Thames Water boss says he is “disappointed” by KKR’s decision but will continue talks with creditors

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Evening Standard

Private equity giant KKR pulls out of plans to invest in Thames Water

The utility said it would take forward discussions with ‘certain senior creditors’ on an alternative plan to stabilise its finances.

The Guardian - UK

Bank of England governor warns Trump tariffs have ‘blown up’ global trade system – as it happened

Rolling coverage of the latest economic and financial news, as MPs quiz the Bank of England about interest rates, and trade wars

The Guardian - UK

Thames Water preferred bidder KKR pulls out of rescue deal

Future of troubled supplier in doubt as US private equity group says it cannot proceed with acquiring £4bn stake

Advnture

Good news at last for wild swimmers? UK water company bosses hit with record £123m fine after 'failing to protect the environment', polluting rivers and lakes with raw sewage

Following two investigations, the largest water company in the UK has been slapped with the penalty for polluting rivers and for paying out cash to investors while failing customers

The Independent UK

Thames Water fined record £123m over sewage breaches and dividend payments

Regulator Ofwat said Thames had ‘let down its customers and failed to protect the environment’ as it issued the water industry’s biggest ever fine.

Evening Standard

Why was Thames Water fined? London utility company to pay £123m

Thames Water has been hit with a record fine due “to a significant breach of the company’s legal obligations”

Advnture

"I would rather see less sh*t being pumped into our rivers." As water bosses are fined £123million for pollution failures and questionable pay outs, we look at how AI water monitoring could help wild swimmers stay safer

The new tech is proving successful in helping swimmers assess the risk of getting sick from bacteria-polluted water but campaigners say it isn't enough

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