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The Latest Breaking News from Ofwat

The water firms banned from paying bonuses to senior bosses under new laws

Campaign group River Action have called the move a “welcome step” but said that increased salaries should be prevented

The Independent UK

Six water companies banned from paying bonuses to senior bosses

New rules ban bonuses if a water company does not meet environmental or consumer standards or does not meet financial resilience requirements.

The Independent UK

Northumbrian Water to pay out £15.7m after sewage and water network failings

Bosses at the watchdog Ofwat said the company’s failures led to ‘excessive spills from storm overflows’.

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

A race against time: what now for Thames Water after rescue deal collapses?

Huge group of creditors in scramble as prospect of temporary nationalisation looms large for troubled firm

The Guardian - UK

Thames Water creditors warn of "short and closing window" to agree rescue deal

A group of more than 100 creditors holding £13 billion of Thames Water debt said time is running out

Evening Standard

Thames Water nationalisation ‘not the answer’ says minister after private equity rescue fails

Future of Britain’s biggest water supplier in question as investor pulls out of turnaround plan

The Independent UK

Voices: If the government wants to save Thames Water, it’s going to need to get its hands dirty

COMMENT: As the very public rescue deal for the ailing company collapses, James Moore warns that the government needs to get its hands dirty to clean up the water industry. This game of pass the buck isn’t doing anyone any favours...

The Independent UK

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Thames Water nationalisation ‘not the answer’ says minister after takeover rescue fails

Troubled utility has uncertain future after private equity giant pulls out of turnaround plan

The Independent UK

Thames Water rescue takeover collapses after private equity firm KKR drops out

The troubled utility is taking forward talks with ‘certain senior creditors’ on an alternative plan to recapitalise the business.

Evening Standard

Water industry in England and Wales needs ‘fundamental reset’, review finds

Report finds ‘deep-rooted, systemic’ failures that need stronger regulation, but critics say it is not bold enough

The Guardian - UK

Thames Water dealt fresh blow as potential investor drops out of deal to prop up embattled firm

Thames Water now progressing talks with senior creditors for an alternative to stabilise finances

The Independent UK

New York private equity giant KKR pulls out of Thames Water rescue

Thames Water boss says he is “disappointed” by KKR’s decision but will continue talks with creditors

Evening Standard

Private equity giant KKR pulls out of plans to invest in Thames Water

The utility said it would take forward discussions with ‘certain senior creditors’ on an alternative plan to stabilise its finances.

Evening Standard

Bank of England governor warns Trump tariffs have ‘blown up’ global trade system – as it happened

Rolling coverage of the latest economic and financial news, as MPs quiz the Bank of England about interest rates, and trade wars

The Guardian - UK

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The Guardian - UK

Thames Water preferred bidder KKR pulls out of rescue deal

Future of troubled supplier in doubt as US private equity group says it cannot proceed with acquiring £4bn stake

Evening Standard

‘Fundamental reset’ needed for UK’s water industry – report

The Independent Water Commission has called for a ‘strengthening’ of Ofwat’s regulatory role.

Advnture

Good news at last for wild swimmers? UK water company bosses hit with record £123m fine after 'failing to protect the environment', polluting rivers and lakes with raw sewage

Following two investigations, the largest water company in the UK has been slapped with the penalty for polluting rivers and for paying out cash to investors while failing customers

The Independent UK

Thames Water fined record £123m over sewage breaches and dividend payments

Regulator Ofwat said Thames had ‘let down its customers and failed to protect the environment’ as it issued the water industry’s biggest ever fine.

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Evening Standard

Why was Thames Water fined? London utility company to pay £123m

Thames Water has been hit with a record fine due “to a significant breach of the company’s legal obligations”

Advnture

"I would rather see less sh*t being pumped into our rivers." As water bosses are fined £123million for pollution failures and questionable pay outs, we look at how AI water monitoring could help wild swimmers stay safer

The new tech is proving successful in helping swimmers assess the risk of getting sick from bacteria-polluted water but campaigners say it isn't enough

The Independent UK

Britain's biggest water firm hit with record fine over sewage and dividends

Britain’s biggest water company has been fined almost 123 million pounds or $166 million for releasing sewage into rivers and streams while paying dividends to its shareholders

The Guardian - UK

UK politics: minister defends Labour’s justice record after warnings of threat to public safety – as it happened

Housing minister says previous government left prison system in state of ‘criminal neglect’ amid warnings over early release plan

The Guardian - UK

Thames Water hit with £123m of fines over sewage and dividend breaches

As Ofwat imposes record fine for environmental failing, minister says ‘era of profiting from failure is over’

The Independent UK

Water company given largest penalty ever by Ofwat

IN FULL

The Independent UK

Thames Water hit with record £123m fine from watchdog

Ofwat issues largest ever penalty to water giant after two investigations into wastewater and dividend payments

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