Thames Water: KKR makes £4bn offer for majority stake February 19, 2025 KKR has offered £4bn for a majority stake in the crisis-hit utility Thames Water, according to a report. Sources close to the matter told Bloomberg that KKR had no plans to sell any assets should its offer succeed. Deliberations are ongoing, and there is a guarantee a transaction will happen, they added. The US asset [...]
Thames Water restructuring plan approved by High Court February 18, 2025 Thames Water’s restructuring plans have been approved by the High Court, giving the beleagured utility a lifeline to avoid temporary nationalisation. The UK’s biggest water supplier had been set to run out of money by 24 March without a £3bn loan from its creditors, amid debts of more than £19bn. Such an outcome would have [...]
Thames Water asks watchdog to let it charge even higher bills February 14, 2025 Thames Water is asking the competition regulator to allow it to charge customers even more over the coming years than had previously been granted. The company has already been allowed a 35 per cent rise in consumer bills over the next five years by water regulator Ofwat, after Thames had previously lobbied for a 59 per cent hike. Now, it wants [...]
Thames Water investigated over failure to finish 100 environmental schemes on time February 12, 2025 Thames Water is facing an investigation from the industry regulatory after failing to deliver more than 100 environmental improvement schemes on time. Ofwat said on Wednesday it had opened an enforcement case into the embattled utility to determine whether it had breached its obligations. Thames Water committed to deliver 812 schemes as part of the [...]
Thames Water seeking approval of £3bn emergency restructure plan February 3, 2025 Embattled water giant Thames Water is at the High Court today seeking for a judge's approval of its £3bn restructuring plan to avoid renationalisation
Thames among British water and sewerage firms slapped with new class action January 14, 2025 Water companies, including Thames Water, are set to be hit with a new class action after law firm RPC issued a formal letter notifying of the legal proceedings
Hooray for the super sewer! But it won’t clean up the Thames alone January 6, 2025 The super sewer is here! But it's not a silver bullet to cleaning up the River Thames, writes the Port of London Authority's Robin Mortimer.
Thames Water to avoid state bailout, the FTSE 100 at 7900 and an ITV bid: my predictions for UK plc in 2025 January 2, 2025 Predictions may generally be a mug’s game, but looking back at my forecasts for the business world in 2024, I seem to have fared better than usual. Klarna, the buy now pay later giant, opted for a New York listing; Dame Alison Rose made a comeback in a senior private equity role; Unilever announced that [...]
Thames Water urges high court to accept restructuring plan December 27, 2024 Thames Water has urged the High Court to accept its £3bn restructuring plan in a bid to avoid renationalisation. The company said today that over 75 per cent of creditors have backed the restructuring, and cited a new report claiming that no creditors will be worse off as a result of the plan. In October, [...]
Thames Water: Major upgrades mothballed despite dividend payouts December 23, 2024 Thames Water diverted millions of pounds it had pledged for environmental clean-ups towards funding bonuses and investor payouts. According to the Guardian, secret discussions were held to consider the risk of a public and regulatory backlash against such a move, which could be seen as a breach of the company’s license commitments and leave it [...]