Government may have broken law over sewage dumping, says watchdog September 12, 2023 An environmental watchdog has suggested the government potentially failed to comply with environmental laws, resulting in frequent sewage spills.
Thames Water hit with £73m penalty over pollution and leakages November 14, 2023 Thames Water has been ordered to pay £73.7m back to customers after the UK's water regulator found it had failed to reduce pollution and tame leakage problems.
Thames Water: Future uncertain as shareholders pull £500m injection March 28, 2024 Shareholders in Thames Water will not give the embattled water firm millions of pounds of critical funding
Water companies given £114m performance fine – with Thames Water amongst the worst of the lot September 26, 2023 Debt-laden supplier Thames Water has been 'lagging' in its bid to clean up pollution incidents, plug leakages and improve customer service.
Water firms face new fines for poor customer service February 12, 2024 Water firms could be fined up to a tenth of their turnovers for poor customer service under the new powers
Octopus snares Ofwat chief executive as rapid growth continues February 2, 2021 Fast-growing energy firm Octopus has lured Ofwat chief executive Rachel Fletcher away from the water regulator, it was announced today. Fletcher, who spent three years at Ofwat, will become the challenger brand’s director of regulation and economics. Octopus is one of the UK’s fastest growing companies, and last year acquired the rare “double unicorn” status [...]
Water sector debt risks market crisis warns watchdog July 31, 2022 Water utilities loaded with debt are at a growing risk of collapse as interest rates rise, argued David Black, chief executive of Ofwat.
Thames Water could face government inquiry amid bankruptcy warning December 3, 2023 A potential Parliamentary inquiry is to be added to the seemingly ever-growing list of financial and operational problems at Thames Water. The Financial Times reported this weekend that the bedraggled utilities provider may be called in front of MPs once more to verify aspects of its accounts that came to light last week. In July, [...]
South East Water pays £2.3m in dividends as losses widen December 7, 2023 South East Water has revealed it paid out £2.3m in dividends to investors despite growing losses and a £3m bill.
Thames Water: Rishi Sunak advisor parachuted into collapse contingency talks March 22, 2024 Rishi Sunak has reportedly tasked his business adviser with overseeing talks regarding the Thames Water crisis amid risk of collapse.