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The Latest Breaking News on Droughts

Appeal court rules in favour of £3bn bailout for Thames Water

Judges dismiss appeal from campaigners who argued ‘eye-watering’ cost of loan was not in public interest

The Guardian - UK

Thames Water's "Class B" creditors consider Supreme Court appeal after losing restructuring challenge

The bondholders say they need to see the wording of the Court of Appeal dismissal before making a decision that could prolong legal wrangling

Evening Standard

TV tonight: inside the Thames Water £3bn emergency debt package crisis

A documentary follows the controversial water company on the verge of collapsing. Plus: the long-term effects of lockdown on our kids. Here’s what to watch this evening

The Guardian - UK

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Thames Water begs to be spared fines and costs, warning bidders will walk away

Exclusive: Managers and lenders racing to find a buyer want regulator to agree to leniency amounting to billions of pounds

The Guardian - UK

Second union announces strike at Scottish Water as pay talks break down

Around 500 members of Unite will join GMB members in a walkout later this month.

The Independent UK

Second union joins Scottish Water staff strike amid pay dispute

SCOTTISH Water has been accused of “watering down” pay offer as a second union confirmed it is taking strike action ...

The National (Scotland)

'Insulting': Fury as ex-Scottish Water boss who took huge bonuses handed top role

A SCOTTISH water executive who took hundreds of thousands in bonuses during a pay dispute with workers has been given a top role ...

The National (Scotland)

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Thames Water’s £3bn loan to stave off collapse despite ‘eye-watering’ terms

The emergency funding deal prevents Thames Water from falling into temporary nationalisation, but opponents have said they will appeal the ruling.

Evening Standard

Water firms appeal to watchdog for higher customer bill increases

On Tuesday, Southern Water, Anglian Water and South East Water asked the competition regulator to reconsider bill increase plans.

The Independent UK

Judge approves emergency plan to keep Britain’s largest water company afloat

A judge has approved an emergency plan to keep Britain’s largest water company afloat and averted a possible temporary government takeover

The Independent UK

Thames Water to discover if restructuring plan has been approved on Tuesday

The High Court heard several days of arguments over whether the plan should be approved earlier in February.

Evening Standard

Scottish Water execs see bonuses soar by a third in one year amid worker pay dispute

SCOTTISH Water executives have seen bonuses jump by over a third in one year amid workers pay dispute.

The National (Scotland)

Water bills in Scotland ‘will be £113 cheaper’ than in England and Wales

Scotland's water bills will be £113 cheaper than in England and Wales despite an upcoming price hike from Scottish Water.

The National (Scotland)

Thames Water appeals to CMA over regulator's decision on bills

Thames says Ofwat’s ruling “does not support the investment and improvement that is required for Thames Water”

Evening Standard

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Evening Standard

Thousands of Londoners face being without running water for four days

Thames Water says it has fixed the leak but warns some customers may still experience a temporary loss of water

The Guardian - UK

A state clean-up may be the best bet for Thames Water

Temporary nationalisation isn’t guaranteed to deliver shock needed, but upgrading operations is priority lost in legal drama

The Guardian - UK

Thames Water investigated over delayed river clean-up schemes

Regulator Ofwat’s enforcement case into whether company breached obligations follows Guardian investigation

Evening Standard

New blow for Thames Water as watch-dog threatens huge fines over environmental failings

Utility could face huge fines as a result of enforcement action by Ofwat

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The Guardian - UK

US inflation unexpectedly rises to 3% in January – as it happened

Surprise rise in inflation on the back of higher food prices makes Federal Reserve interest rate cuts less likely, in a blow to Donald Trump

The Independent UK

Country estate fined £28,000 for taking too much water from rare chalk stream

The Environment Agency said the Ilchester Estates ‘deliberately flouted’ its licence for abstracting water from the Dorset Frome.

The Guardian - UK

Feeding frenzy: how army of advisers is making millions from Thames Water

Court case points to sizeable fees being racked up as firm seeks £3bn loan to try to avoid temporary nationalisation

The Guardian - UK

Thames Water may get just £500m in usable cash by borrowing £1.5bn, court told

Struggling firm’s resources to be depleted due to expensive fees and interest costs in restructuring deal

The Guardian - UK

Thames Water may need £10bn investment to repair finances, high court hears

Struggling company may require significantly more resources than roughly £6.3bn it previously indicated

The Guardian - UK

Thames Water ‘putting gun to head’ of court over £3bn debt, investors claim

Water company argues that its favoured offer should be approved or it will face temporary nationalisation

The Independent UK

Thames Water restructure plans a ‘bridge to nowhere’, MP’s barristers tell court

Barristers for Charlie Maynard, MP for Witney in Oxfordshire, told the High Court that plans to restructure the utility were a ‘poor short-term fix’.

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