Thames Water: London bills to rise by £99 in fresh Ofwat proposals as company placed in ‘turnaround’ regime July 11, 2024 Ofwat, the UK's water regulator, has set out a record £88bn spending package that would see Londoders' bills go up by an average of £99 in the next five years excluding inflation.
Water executives called in for talks with new Labour environment secretary July 10, 2024 Water bosses have been called in for talks with Labour’s new environment secretary Steve Reed, ahead of key investment rulings from Ofwat.
What is waiting in business secretary Jonathan Reynolds’ in-tray? July 8, 2024 Jonathan Reynolds’ in-tray is already piling up with urgent issues. We take a look at a few of the day one problems facing the new business secretary.
Thames Water warns ageing assets could ‘pose a risk to public safety’ June 28, 2024 Thames Water has warned that it has £19bn in assets that could "pose a risk to public safety" in a report to Ofwat outlining the embattled water supplier's five year business plan.
The Notebook: A key test for Labour? Dealing with the water industry June 24, 2024 There are many unknowns for the next government, but one thing's for sure, Labour will have a tough time sorting out the water industry.
Round two: Water firm seeks to appeal Ofwat penalties decision June 18, 2024 Northumbrian Water is back in court today as it seeks to overturn a ruling in favour of Ofwat decision regarding penalties for supply interruptions
Has Thames Water’s public esteem sunk to new depths? June 13, 2024 Earlier this year, Thames Water entered a standoff with water regulator Ofwat over attempts to raise customer bills by 40 per cent. At the time – when investors pulled £500m of funding from the utility supplier – YouGov data showed that the company was more disliked than not among the UK public. With media outlets [...]
Risky debt investors flood into Thames Water debt as regulator plots carve-up April 28, 2024 Thames Water is currently buckling under a £15bn debt pile, and the price of its bonds has collapsed over fears it might go into administration.
Despite its problems, Thames Water still aims to pay £2bn in dividends over the next decade April 24, 2024 Thames Water has said it does not pay dividends to shareholders, but pays internal sums to its parent company Kemble Water Holdings
Traders bet on Thames Water crisis contagion as firm races to agree survival plan April 17, 2024 Traders at major hedge funds are betting against the assets of British water companies amid fears over their levels of debt highlighted by the crisis engulfing Thames Water.