Thames Water’s week from hell: Ofwat looks to act, resignations, anger and bonds May 22, 2024 The crisis at Thames Water intensified this week amid a cocktail of government warnings, resignations and threats from the regulator. This morning, the chancellor of the exchequer, Jeremy Hunt, slammed Britain’s biggest water company, saying he was “very cross at them.” His comments were in response to claims that Thames was planning to raise its [...]
United Utilities: Water firm found to be the most polluting in England hikes dividend May 16, 2024 United Utilities, the water company for the North West of England, has pointed to its robust finances as being behind an uptick in revenue and operating profit in its final results that also included substantial falls in profit after tax and earnings per share.
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.
Thames Water faces bondholder pressure amid default fallout April 26, 2024 Following the recent default by Kemble Water Finance, concern has rippled through the ranks of Thames Water's lenders.
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
Thames Water’s new business plan could see bills rise by over 40 per cent by 2030 April 22, 2024 Already in the hole for around £18bn, today's update brings the company's expected total cost for its 2025-2030 plans to £19.8bn
The week that was: London woes, hedge funds short on water, and confusing jobs data April 20, 2024 Confusing inflation data, further tribulations for water firms and yet more woes for the London Stock Exchange, we review another busy week in the City.
Sadiq Khan vows to take on Thames Water and make London’s rivers ‘swimmable’ by 2034 April 20, 2024 Sadiq Khan says he wants to make London’s rivers “swimmable within ten years” in the face of the sewage scandal.
Thames Water won’t be drawn on secret nationalisation plan and 56 per cent bill rise claims April 19, 2024 Britain's biggest water firm, Thames Water, which has built up a mammoth £18bn debt pile, is under severe pressure to come up with fresh funding or face either collapse or being taken into public ownership.
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.