Shellfish and shit: How sewage is soiling towns like Whitstable January 5, 2024 As water companies wash their hands of responsibility for sewage spillages, a swimmers’ coalition SOS Whitstable is fighting back...
Thames Water: Fresh blow as major investor takes £600m writedown January 3, 2024 The decision was “probably difficult but necessary” according to Tim Whittaker, director at Edhecinfra, a research institute and data provider, as reported by the FT.
Top business disasters of 2023: City A.M. reflects on the biggest corporate mishaps of the year December 30, 2023 Here at City A.M., we’re taking some time to reflect on some of the biggest c*ck-ups in business in the last 12 months.
Mark Kleinman: Thames Water will be hoping for a fresh start in 2024 December 28, 2023 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
Thames Water chiefs: We can’t turn around this company in one go December 5, 2023 Thames Water bosses have warned that turning around the embattled utility firm will “take time” and it would be impossible “to do everything that our customers and stakeholders wish to see at a pace and for a price that everyone would like.” The company issued this statement alongside its half-year results, which showed a 54 per [...]
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, [...]
Regulator warns Thames Water must ‘address shortcomings’ as debt spirals to £18bn December 1, 2023 Thames Water has been told to "address their operational shortcomings" by the regulator after it emerged its owners had piled on more debt.
Thames Water: Debt-laden firm announces more redundancies before Christmas November 17, 2023 Only this week, it was announced Thames Water will be forced to pay £73.7m back to customers for failing to meet performance targets.
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: 140 staff to be sacked as it ‘danced with the devil’ on £14bn debt pile November 2, 2023 GMB has pledged to contest job cuts from Thames Water, it confirms preparations to slash as many as 300 jobs.