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The Latest Breaking News from Thames

Thames Water appoints new finance boss

Former Pennon CFO Steve Buck will join Thames Water next week at a ‘pivotal’ moment for the heavily indebted utility.

The Independent UK

The barbarians are at the gates of the sewage works

Choosing KKR as the preferred bidder for the UK’s biggest water company may not fill Thames Water’s workers with joy

The Guardian - UK

Thames Water names US private equity group KKR as preferred bidder

KKR expected to acquire stake worth £4bn as UK’s biggest water supplier tries to stave off nationalisation

The Guardian - UK

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Chief finance officer of under-fire Thames Water quits £1.3m-a-year role

Alastair Cochran’s successor to be appointed ‘in due course’ at critical time for cash-strapped company

The Guardian - UK

Thames Water’s finance chief quits as firm continues trying to find a buyer

Alastair Cochran, Thames Water’s chief financial officer, told the firm that he is stepping down on Friday morning, PA news agency understands.

Evening Standard

Thames Water's finance chief departs at crucial stage of survival battle

Alastair Cochran steps down next week after more than three years with the utility

Evening Standard

Regulators must not go soft on Thames Water now

With six bids on the table, the company’s reference to ‘support and accommodations’ sounds like a plea for special treatment

The Guardian - UK

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Thames Water hopes to agree deal with one of six bidders by end of June

Debt-laden company agrees with Ofwat that review of bill rises can be delayed as it seeks buyer

The Guardian - 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 Independent UK

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.

Evening Standard

Thames Water can continue with £3 billion restructure plan after winning court battle

An appeal against the restructure plan has been dismissed

The Independent 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

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

Thames Water set for another vital court ruling amid administration warning

A former senior director said the water firm could collapse soon without a funding deal, which would bring it under temporary state ownership.

Evening Standard

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The Guardian - UK

Thames Water on TV: pity the staff, this place is decrepit

The company presumably hosted this documentary to show the need for higher bills to pay for new infrastructure

The Guardian - UK

Thames Water faces court claim that £3bn bailout is ‘poor, short-term fix’

Campaigners to argue in court of appeal that plan is not in public interest and special administration is best option

Evening Standard

Judge blasts Thames Water as financial cliff-edge deadline looms

Thames Water’s barrister told not to “dictate” the timing of crucial hearing

The Guardian - UK

Why is Thames Water getting £3bn and will it save it from collapse?

High court ruling means utility will not run out of cash for now, but a temporary nationalisation could still be on way

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The Guardian - UK

15 of the best men’s jumpers, from cashmere and cable knit to merino wool

Whether you’re searching for a lamb’s wool layer or a stylish sweater vest, upgrade your knitwear with these instant classics

Evening Standard

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.

The Independent UK

What Thames Water’s £3bn bailout means for your water bill

What impact will this move have on your wallet? Here’s all the info

Evening Standard

What does Thames Water’s £3 billion rescue loan deal mean for customers?

The PA news agency explains why Thames Water needs emergency money and what happens next.

The Guardian - UK

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

Evening Standard

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.

The Guardian - UK

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

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