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.
Thames Water crisis: Government looks to allay fears of potential collapse with nationalisation mooted June 29, 2023 Ministers have looked to allay fears around the impact of Thames Water potentially going under as the regulator vowed to work with the sector to deal with its debt levels. Work and Pensions Secretary Mel Stride said there were “contingency plans in place for any eventuality” as Thames Water battles to finance the £14 billion [...]
Thames Water’s woes don’t show the folly of privatisation, but a lack of competition June 29, 2023 Thames Water has got itself into this position not because it's in private hands, but because it isn't subject to the improving forces of the market
Tories turn up the heat on Ofwat as Thames Water scrambles for £1bn in funds June 28, 2023 A front-bench member of the cabinet has raised concerns over the future of Thames Water, amid its desperate bid for funds from investors.
Thames Water confirms shareholder talks – but plays down fears of collapse June 28, 2023 Thames Water confirms it is in talks with shareholders over securing more funding, and has played down fears it could collapse.
Darren Jones: Labour’s powerful business committee chair ‘sick’ of Ofwat failings amid Thames Water woes June 28, 2023 Darren Jones, the Labour MP who chairs the business and trade committee, has slammed Ofwat's regulation of the water industry.
Thames Water crisis: CEO quits and Whitehall draws up collapse plans June 28, 2023 Thames Water, whose CEO quit yesterday, is reported to be tapping shareholders for a cash injection, prompting Whitehall to plan for a potential collapse
Thames Water chief executive Sarah Bentley resigns in shock departure June 27, 2023 Sarah Bentley has stepped down from her role as chief executive of Thames Water with immediate effect after three years in the job. The UK’s largest water supplier confirmed her departure today, including her exit from the board – with the shock departure simply the latest twist at the troubled company. Thames Water has gone [...]
South West Water facing Ofwat probe into leakage data accuracy May 23, 2023 The water watchdog is set to probe the accuracy of leakage data from one of England’s biggest providers. Ofwat will investigate South West Water (SWW) over the accuracy of its information on water consumption and leakages, in the wake of an apology from firms over sewage issues. Owned by the FTSE 100 listed Pennon Group, [...]