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The Latest Breaking News on Droughts

Thames Water’s biggest investor cuts value of its stake to zero

Writedown by Canadian pension fund Omers highlights growing financial crisis at utilities firm

The Guardian - UK

‘Someone is going to die’: MPs warned of E coli risk to swimmers in English waters

Clean river campaigner says pollution poses threat as Labour MP calls for water industry to be taken into public ownership

The Guardian - UK

More than 30,000 properties without water three days after main burst in Sussex

Southern Water said in an update on Sunday it was ‘very sorry’ that people in St Leonards-on-Sea, Hastings, and in Westfield were still without water.

Evening Standard

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How UK's Biggest Water Supplier Sank Into Crisis

Thames Water, the UK's largest water supplier, has been ravaged since privatisation by soaring debts and chronic underinvestment, sinking into a deep financial crisis which has sparked bailout speculation.

International Business Times

A £200 Thames Water bill increase is one thing, but for this level of service?

City Comment: We have arrived at a situation where there is no confidence in the ownership of a business that has the monopoly in supplying water to the capital

Evening Standard

Thames Water could raise bills to £627 a year to help fix leaks

Embattled water supplier promises to invest up to £3bn more over the next five years

The Guardian - UK

Thames Water-linked firm paid £14m in dividends despite concerns over group

Kennet Properties sells off Thames Water land, whose owner, Kemble Water, has warned it would not be able to pay a £190m loan

The Guardian - UK

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‘No dividing line’: consultants advising private water companies also work for their regulator, Ofwat

Campaigners call for the whole regulatory system to be replaced after Observer analysis finds watchdog spent more than £25m with consultancies

The Guardian - UK

Thames Water nationalisation plan could move bulk of £15bn debt to state

Exclusive: Under Whitehall blueprint for water company some lenders could lose up to 40% of their money

The Guardian - UK

Thames Water to add to debt mountain in bid for survival

Exclusive: Board to release turnaround proposals on Friday amid uncertainty over future of UK’s biggest and most heavily-indebted water firm

The Guardian - UK

Thames Water has six weeks to agree survival plan with Ofwat

While the company believes it has cash to last 15 months, it will have to move fast to stave off insolvency

The Guardian - UK

Thames Water is everyone’s problem and time is running out to fix it

Ailing water company hopes higher bills can save it, but that depends on Ofwat agreeing its salvage plans are workable

The Guardian - UK

OPINION - The Standard View: Failing Thames Water has been rinsing us all

Thames Water, like other water companies, had no debt at the time of privatisation. But since 1989, these utility firms have borrowed vast sums to pay out more than £65 billion in dividends. Privatisation was of course supposed to drive investment. Instead it has fallen. Taxpayers and bill payers have been…

Evening Standard

Water levels dangerously low in major dams in South India: Data

Major reservoirs in southern India are dangerously low, with some filled to only 5%, raising concerns for water crisis.

The Hindu

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The Hindu

‘Rapidly rising water scarcity is a reality in India and is expected to worsen in the coming year’

Bengaluru water crisis addressed by experts at national seminar, emphasizing collective responsibility for conservation and sustainability.

The Guardian - UK

The fate of Thames Water hangs in the balance. So what are its options?

Troubled utilities firm at risk of running out of money by end of April or of cash crunch

The Hindu

Water storage in India’s key reservoirs is at 38% ahead of summer season

India's primary reservoirs have only 38% live storage capacity, leading to water shortages in cities like Bengaluru.

The Guardian - UK

Thames Water accused of ‘misleading’ customers over level of debt payments

Britain’s biggest water company said just 3p in every pound that appeared on bills went to its lenders

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The Guardian - UK

Ofwat accused of cover-up over dinners with water companies

Calls for inquiry after regulator failed to declare hospitality with those it holds to account over sewage spills

The Guardian - UK

Bitcoin surges through $60,000 in biggest monthly rally since late 2020 – as it happened

Cryptocurrency buoyed by flows into new ETFs that track the value of bitcoin

AAP

'Hundreds of millions' to flow to states for basin deal

The Commonwealth will soon deliver large cheques to improve the health of the Murray-Darling Basin as one state sets its sights on private irrigators.

The Hindu

Water tanker prices breach ₹2,000 mark in some parts of Bengaluru

Bengaluru water crisis leads to soaring water tanker prices, reaching ₹2,500 for 12,000 litres in some areas.

The Guardian - UK

Thames Water forecasts more leaks over next two years than predicted

Revision will pile further pressure on firm to invest in infrastructure amid anger over its sewage-dumping record

The Guardian - UK

Ofwat’s scheme to fine poorly performing companies ‘a gimmick’

Lib Dems dismiss plan saying water fines need to go to consumers rather than to the Treasury

The Guardian - UK

Water firms in England and Wales urged to invest profits in cutting bills

Suppliers expected to charge average 6% more from April despite public anger at underinvestment and sewage dumping

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