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The Latest Breaking News from Thames Water

Thames Water bosses could have bonuses blocked next month

The Water (Special Measures) Bill gives regulator Ofwat the power to ban bonuses when performance falls short.

Evening Standard

Ministers to block Thames Water paying bosses bonuses out of emergency loan

Exclusive: Firm close to insolvency says using £3bn loan to pay ‘substantial’ bonuses is vital to retain senior managers

The Guardian - UK

Thames Water fined over £100,000 for carrying out unsafe works in London borough

Thames Water denied a charge for unsafe works on Marloes Road but was found guilty on May 13 at City of London Magistrates' Court

Evening Standard

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What is a hosepipe ban as Britain risks drought this summer

England is at ‘medium’ risk for drought, according to the Environment Agency

The Independent UK

Mapped: Where Britain is at risk of drought amid hosepipe ban warning

Households are being warned of the potential risk of water restrictions, as parts of the country experience the driest start to the year for nearly a century

The Independent UK

Risk of drought after UK experienced driest start to year for decades

Water companies have been warned they may have to implement measures including restrictions in the months ahead

The Independent UK

A torrent of special pleas from Thames Water

Company hopes to win big compromises from regulators to get its financial restructuring over the line

The Guardian - UK

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Thames Water finances were ‘hair raising’, chair tells MPs

Adrian Montague also said some bosses in line for payouts of ‘50% of salary, very substantial bonuses’

The Guardian - UK

Is gold still a good investment after price hits all-time high?

The price per ounce has recently hit $3500 before pulling back - what’s next for the investment safe haven?

The Independent UK

Thames Water boss issues water restrictions warning amid drought risk

Thames Water has warned its 16 million customers there is potential for water restrictions if the weather stays dry

Evening Standard

Thames Water warns customers of potential restrictions as drought risk looms

Chief executive Chris Weston said the company is doing ‘all we need to’ to prepare for potential water shortages.

Evening Standard

Thames Water chairman apologises to customers but defends bonuses for bosses

Sir Adrian Montague revealed to MPs how close the company had come to running out of money in the last year, calling the situation ‘hair-raising’.

Evening Standard

MPs should not accept any murky answers from Thames Water chair on potential sale

Sir Adrian Montague’s appearance on Tuesday offers perhaps the last chance to scrutinise utility’s dealings

The Guardian - UK

Meet Hydropol, the plastic that dissolves in water — and could solve London's fatberg crisis

Wipes made from this new technology dissolve before they flush — and won’t even form microplastics

Evening Standard

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Evening Standard

London takeaway fined £13,000 after dumping grease in sewers for seven years

Fats, oils and grease were repeatedly dumped into sewers by Chinese takeaway China Panda over a seven year period

The Guardian - UK

Treasury threatens Defra with £4bn bill if Thames Water nationalised

Exclusive: Treasury threat an example of ‘scare tactics’ to help force through private sector deal, sources suggest

The Guardian - UK

Macquarie ‘very proud’ of Thames Water ownership despite loading it with debt

Some analysts claim investment bank set supplier on course for collapse before selling it in 2017

Evening Standard

Thames Water preferred buyer ‘would multiply problems’, Lords told

The company is hoping to finalise terms of a possible deal.

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The Guardian - UK

Ofwat investigating ‘rip-off’ cost of water firms’ infrastructure works

Watchdog for England and Wales looking into claims refurbishment costs are ‘breathtakingly high’ compared with other countries

The Guardian - UK

A Boat Race ritual that would bring me joy

Brief letters: Thames Water | Scilly Isles Gigs | Bromley FC | Spring photo | Liz Truss’s network

The Independent UK

Team GB could face lengthy train journey to Winter Olympics after sustainability initiative

UK Sport has stressed the importance of sustainability as the climate crisis continues to threaten the future of sport

Evening Standard

Sewage and e.coli found in stretch of Thames set to stage Boat Race

Samples collected between March 10 and April 7 showed 29.5 per cent exceeded safe limits for entering the water

The Guardian - UK

Campaigners find sewage pollution and E coli in Boat Race water

Tests ahead of Sunday’s race revealed E coli levels three times above the threshold for poor bathing water

Evening Standard

OPINION - Feargal Sharkey: Selling Thames Water to private equity sounds like a sick joke to me

It’s a story of betrayal, of backstabbing and greed, of Wall Street excess and of junk bonds, of corporate decimation and countless lives shattered by sackings, of asset stripping and exploitation and it epitomises the very worst of global corporate finance. It is also a story coming to a water…

The Independent UK

Thames Water appoints new finance boss

Former Pennon CFO Steve Buck will join Thames Water next week at a ‘pivotal’ moment for the heavily indebted utility.

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