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The Latest Breaking News from Chris Weston

Thames Water lenders submit new rescue plan to avoid nationalisation

The London & Valley Water group of creditors has outlined plans to write off around £4 billion, or 25%, of the debt they hold in Thames Water.

Evening Standard

Labour MPs urge Thames Water to recover £2.5m paid to executives in April

Exclusive: Letter to water company sets out demands, including resolving most severe cases of pollution

The Guardian - UK

Thames Water still in ‘crisis mode’ as turnaround set to take a decade

The UK’s largest water supplier also revealed a sharp increase in pollution incidents over the past year.

Evening Standard

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Thames Water boss receives £1m despite doubling in 'serious' pollution

Thames Water also reveals it made a £1.6 billion loss last year

Evening Standard

Thames Water warns nationalisation is likely if emergency creditor talks fall

Company slumps to a £1.6bn annual loss as it blames rainfall for rise in pollution incidents

The Guardian - UK

FTSE 100 share index hits 9,000 points for the first time; US inflation rate rises to 2.7% – as it happened

London stock market hits new peak, Thames Water reports £1.6bn loss, and Rachel Reeves outlines ‘Leeds reforms’ for financial services

The Guardian - UK

Thames Water boss ordered to tell MPs if executives received bonus payments

Chris Weston, boss of Britain’s biggest water company, faces questions over ‘paused’ executive bonus scheme

The Guardian - UK

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Ministers to block Thames Water paying bosses bonuses out of emergency loan

Exclusive: Firm close to insolvency says using £3bn loan to pay ‘substantial’ bonuses is vital to retain senior managers

The Guardian - UK

Yvette Cooper left to spin the unspinnable after Starmer’s ‘island of strangers’ speech

Home secretary insists prime minister meant everything he said on immigration – except the stuff he didn’t mean to say

The Guardian - UK

Thames Water finances were ‘hair raising’, chair tells MPs

Adrian Montague also said some bosses in line for payouts of ‘50% of salary, very substantial bonuses’

The Guardian - UK

Thames Water warns customers of potential restrictions as drought risk looms

Chief executive Chris Weston said the company is doing ‘all we need to’ to prepare for potential water shortages.

Evening Standard

Thames Water chairman apologises to customers but defends bonuses for bosses

Sir Adrian Montague revealed to MPs how close the company had come to running out of money in the last year, calling the situation ‘hair-raising’.

Evening Standard

Stock Markets Mostly Rise As Investors Eye Trade Talks

Investors were also keeping tabs on China after President Xi Jinping and other top leaders last week discussed plans to boost consumption in the world's number two economy.

Latin Times

Green campaigners attempt citizen’s arrests of Thames Water executives

Chris Weston and Alastair Cochran targeted by group who accuse them of causing a public nuisance

The Guardian - UK

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The Guardian - UK

Thames Water: Inside the Crisis review – the public needs to see this foul mess

Why on earth were cameras invited inside this huge, hated company known for pumping sewage into our waterways? Customers can see the horrors of a dreadful situation they’re paying the price for

Evening Standard

What does Thames Water’s latest court decision mean for customers?

After a court decision moved Thames Water closer to a £3 billion rescue loan, the PA news agency explains why it needs money and what happens next.

The Independent UK

Thames Water has secured a £3bn rescue deal. Here’s what it means for customers

A loan deal designed to prevent the utility company from going bust looks set to go ahead

The Guardian - UK

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

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Evening Standard

Sadiq Khan unveils £7m fund in bid to clean up London's rivers

Funding comes as the mayor hosts a roundtable summit with Thames Water and other agencies - but is criticised for failing to include the London Assembly

The Guardian - UK

US unemployment rate rises to 4.1% as economy added 151,000 new jobs in February – as it happened

US dollar hits four-month low after February’s US jobs report shows rise in jobless rate and hiring

International Business Times

Asian Stocks, Bitcoin Down As Trade Uncertainty Roils Markets

Asian stocks tumbled at the open Friday following a tough day on Wall Street as uncertainty over US President Donald Trump's trade policies roiled markets and traders awaited key US jobs data.

AAP

Albanese to press Trump for tariff breaks for Australia

Prime Minister Anthony Albanese will attempt to secure Australian companies an exemption from US tariffs in a direct phone call with President Donald Trump.

AAP

Australian shares give up gains as Trump tariffs start

The ASX200 had been up by as much as 0.8 per cent in early trading but closed slightly lower as US President Donald Trump's levies begin on China.

The Guardian - UK

Trump tariffs: markets brace for falls as Mexico and Canada hit back

Fears grow for global trade, with major indices likely to plunge as US trading partners quickly retaliate, raising chance China and EU will follow suit

The Independent UK

What happens if Thames Water goes bankrupt?

The government could take ownership of the water company – along with its £16bn debt pile

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