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The Latest Breaking News from Thames

Thames Water wins court backing for £3bn debt package

Deal approved at high court gives company £1.5bn in upfront cash to stave off collapse

The Guardian - UK

Woman without water for three days calls Thames Water bill hike proposal ‘greed’

Several Thames Water customers have been without water for days after a water pipe burst.

Evening Standard

Thames Water launches appeal for permission to raise bills even higher

Struggling firm to appeal to competition watchdog to hike fees by more than Ofwat-approved 35% over next five years

The Guardian - UK

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Thames Water asks watchdog to let it charge even higher bills

It said steeper increases than the 35% already granted over the next five years is ‘in the interests of our customers and the environment’.

Evening Standard

Cash-strapped Thames Water asks watchdog to let it charge customers even more

It said steeper bill increases is ‘in the interests of our customers and the environment’

The Independent UK

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

UK could face Trump VAT tariff hit; pound hits 2025 high – as it happened

Live, rolling coverage of business, economics and financial markets as sterling rises on surprisingly weak US retail sales and Thames Water appeals to raise bills further

The Guardian - UK

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Thames Water investigated over delayed river clean-up schemes

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

The Guardian - UK

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

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

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

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

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 ‘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 Guardian - UK

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The Guardian - UK

Campaigners to use Thames Water high court case to push for temporary nationalisation

Judge to rule on utility’s plea for £3bn debt lifeline as MPs and charities say emergency loan too costly for customers

The Guardian - UK

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 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

Thames Water rescuers seek clean break before committing fresh funds

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

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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’

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’

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 Guardian - UK

Revealed: Thames Water diverted ‘cash for clean-ups’ to help pay bonuses

Exclusive: UK’s biggest water company assessed risks before cutting back on cost of environmental work, investigation shows

The Guardian - UK

Ofwat opts for expediency. It’s time for water companies to stop bleating

Water bill increases are at about the level most firms requested – but not so for beleagured Southern and Thames

The Guardian - UK

Thames Water to pay £18m penalty after breaking dividend rules

Regulator says it will claw back £131m in ‘unjustified’ payments as it announces companies can increase bills by 36% by 2030

Evening Standard

Thames Water bills will surge by £152 over the next five years in new blow to London households

Company also fined £18 million by regulator for breaking rules on payment of dividends

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