Coffey: Government has full confidence in water industry’s financial resilience July 6, 2023 Therese Coffey says she has “full confidence in the financial resilience” of the water industry, amid warnings Thames Water’s struggles are “not an isolated case”.
Thames Water backer USS faces grilling from pensions watchdog July 5, 2023 The UK’s largest pension scheme faces a grilling from the regulator over its investment in troubled utility giant Thames Water.
Ofwat boss fails to rule out more supplier struggles after Thames Water woes July 5, 2023 Water suppliers will not be allowed to rack up debts and underinvest again following Thames Water’s financial troubles, Ofwat vowed yesterday.
Ofwat boss fails to rule out more supplier woes after Thames Water troubles July 5, 2023 Water suppliers will not be allowed to rack up debts and underinvest again following Thames Water’s financial troubles, the boss of industry watchdog Ofwat vowed yesterday. Chief executive David Black told the House of Lords yesterday that it can now “stop dividends” and “lock cash coming out of companies” if water firms are not in [...]
Who’s next? Industry debt mountain threatens more than Thames Water July 3, 2023 Thames Water's troubles raise significant questions - such as who could be next and what happens now in the water industry.
Thames Water woes expose wretched debt-plagued industry July 3, 2023 Thames Water is in serious trouble, but its problems reflect challenges with debt and sewage spills across the industry.
Architect of water privatisation defends decision amid Thames Water turmoil July 1, 2023 Lord Michael Howard, one of the architects of water privatisation, defended the decision amid questions over Thames Water’s future.
Super sewer still on track despite Thames Water troubles June 30, 2023 It is “inconceivable” that Thames Water’s financial woes will derail London’s new super sewer, says Tideway boss.
Thames Water and Ofwat face Westminster grilling over growing debt pressures June 30, 2023 MPs will grill Thames Water executives and market watchdog Ofwat amid growing concerns over the finances of the UK's largest water supplier.
Yorkshire Water raises £500m from shareholders amid Thames Water troubles June 29, 2023 Yorkshire Water has raised £500m from shareholders, as part of its long-term equity plan to invest nearly a £1bn over the next five years.