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.
Ofwat: Thames Water has ‘significant issues to address’ as industry pays £1.4bn to shareholders October 26, 2023 Water regulator Ofwat has named the four worst performing water companies, with troubled Thames Water among those being urged to address big holes in their finances. Ofwat, which oversees the water sector in England and Wales, said Thames Water, Southern Water, SES Water and South East Water need to deliver a turnaround in their financial [...]
Ofwat: Suppliers must hit green targets if they want to increase water charges October 19, 2023 Ofwat has challenged the water industry to deliver on their pledges to protect the environment and clamp down on sewage overflows.
Feargal Sharkey: Customers shouldn’t pay for water firms’ failures October 3, 2023 It is quite extraordinary that less than a week after being chastised by the regulator for their failures, the water industry has decided to commit an act of industrial self-harm by announcing to millions of customers they’re going to raise their water bills. People are already furiously angry, and what this illustrates to me is [...]
Dorries by-election: Can Labour or Lib Dem flip Mid Bedfordshire? October 2, 2023 Ahead of a by-election to replace Nadine Dorries as MP, Labour and the Lib Dems have fought a fierce battle for the soul of Mid Bedfordshire.