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The Latest Breaking News from Ofwat

Watchdog opens new probe into Thames Water over delays to environmental work

The regulator said it would probe whether delays to the plans mean England’s largest water firm has breached its licence.

Evening Standard

Thames Water facing new investigation over delays to environmental schemes

Of 812 customer-funded schemes, the company says it won’t be able to complete about 100

The Independent UK

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

Evening Standard

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read the most diverse news in one place.

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 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 chairman accused of conflict of interest over £37m share dividend payment

Defra officials concerned about ‘conflicted position’ of Sir Adrian Montague over dual role chairing holding company

The Guardian - UK

Thames Water running out of money ‘a risk which cannot be run’, High Court told

The High Court will consider whether to sanction plans to restructure the utility following a four-day hearing in London.

The Independent UK

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Thirty MPs demand Ofwat puts Thames Water into special measures

Exclusive: Labour and Green MPs write to regulator’s chief executive voicing fears about an expensive public bailout

The Guardian - UK

Water bills in England and Wales to rise by £123 on average this year

Largest price hike since privatisation is even more than the £86 predicted by Ofwat as companies add inflation on top

The Guardian - UK

Why are water bills going up so much?

Households are facing the largest rise in water bills since the privatisation of the industry 36 years ago.

Evening Standard

United Utilities and Pennon to increase dividend payments as water bills rise

Both will raise dividends in line with inflation, as South West Water and United Utilities bills to increase 23% and 32% over five years

The Guardian - UK

United Utilities and South West Water hike dividends amid bill increases

The companies said they had agreed 32% and 23% bill increases negotiated with regulator Ofwat last year.

The Independent UK

Water industry promises £22bn of environmental investment, funded by rising bills

The Environment Agency has secured a commitment to carry out 24,000 actions over the next five years

The Guardian - UK

Water companies to invest £22bn in wide-ranging programme to protect environment

A programme of 24,000 actions will tackle pollution, clean up rivers and improve bathing spots, the Environment Agency has said.

Evening Standard

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The Independent UK

£400m for innovative water schemes to tackle pollution, leaks and climate change

Regulator Ofwat announced the doubling of funding for its Innovation Fund which has already funded concrete printing, pipebots and nature schemes.

The Guardian - UK

Thames Water rescuers seek clean break before committing fresh funds

Exclusive: Some bidders demand temporary renationalisation to help cut debts and oust bosses

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

The Guardian - UK

Thames Water credit rating slashed as administrators approached

Moody’s changes outlook on firm from stable to negative as financial plans ‘do not provide attractive risk-return balance’

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The Independent UK

Severn Trent to increase shareholder dividends as water bills rise

It came as the water firm said its financial performance up to January 23 ‘remains on track’.

The Guardian - UK

UK government contacts potential administrators for Thames Water

Teneo, Interpath and EY among those reportedly approached for the role if company falls into bankruptcy

The Guardian - UK

Ministers must hold the line on Thames Water. Administration is better than a bailout

It seems Thames is trying to scare the government into thinking the world will end if it falls into ‘special administration’

Evening Standard

Water sector says it has to ‘catch up’ with investment amid scrutiny over bills

Industry leaders faced questions from MPs over price hikes and environmental performance.

The Guardian - UK

Thames Water says it will raise base pay of bosses if Ofwat limits bonuses

Struggling water firm tells regulator for England and Wales proposals would make it hard to attract talent to sector

The Independent UK

‘Forever chemicals’ found in non-stick pans and pizza boxes will cost £1.6 trillion to clean up

The toxic substances are commonplace – and very hard to get rid of

The Guardian - UK

It’s tough at the top – but which business leader has the most at stake in 2025?

From post and planes to TV, phones and retail chains – and even a central bank – here are the chiefs facing the most testing of times

1 … 10 11 12 13

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