Thames Water explores radical restructuring plans in fight for survival April 7, 2024 Embattled Thames Water is reportedly exploring radical plans to avoid collapse as the company and its lenders pay City advisors millions of pounds a week to work out a turnaround plan and find a way to repay its massive debts.
Thames Water default: What’s next for the company now it can’t officially pay its debts? April 5, 2024 Is Thames Water edging closer to a Bulb-style government bailout?
Thames Water’s parent company defaults on £400m loan and asks creditors to ‘take no action’ April 5, 2024 Consultancy firm Alvarez & Marsal is advising the embattled water firm in talks regarding its debt structure with its creditors.
Thames Water owners to start urgent restructuring talks April 1, 2024 The owners of Thames Water will reportedly commence restructuring talks in the coming days as the embattled firm's parent company Kemble risks entering insolvency within weeks unless lenders agree to a debt-for-equity deal.
Thames Water under fire after rower criticises ‘poo in the water’ March 31, 2024 A University of Oxford rower has criticised conditions in the River Thames during the Boat Race, saying: “It would be a lot nicer if there wasn’t as much poo in the water.” Research earlier this week found high levels of E. coli were in the part of the river used for the annual race between the University [...]
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
More s**t than ever before – 2023 was the worst year for sewage spills on record March 27, 2024 Toxic chemicals that remain in ecosystems for decades pollute every stretch of English rivers.
Water firms to face more sewage dumping tracking from environment watchdog March 25, 2024 The Environment Agency today said that from next year, utility providers in England and Wales will be required to fit monitors on an additional 7,000 emergency overflow pipes that have to date not been accounted for.
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.
Remember the £190m interest bill Thames Water wanted more time on? It’s due next month March 15, 2024 The embattled firm will learn from Ofwat in the next few months whether it will be allowed to charge customers more to fund its recovery plan