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The Latest Breaking News from Thames

Thames Water has six weeks to agree survival plan with Ofwat

While the company believes it has cash to last 15 months, it will have to move fast to stave off insolvency

The Guardian - UK

Thames Water is everyone’s problem and time is running out to fix it

Ailing water company hopes higher bills can save it, but that depends on Ofwat agreeing its salvage plans are workable

The Guardian - UK

Thames Water funding crisis: the key players in the row over its future

In latest twist to finger-pointing standoff, debt-stricken supplier’s parent company has defaulted on loan

The Guardian - UK

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Thames Water parent tells creditors it has defaulted on debt

Missed interim payment raises prospect of restructure or collapse of troubled company

The Guardian - UK

Chinese lenders key as Thames Water’s owner seeks time to pay debts

ING, AIB and two Chinese state-owned banks expected to agree extension on £190m loan

The Guardian - UK

OPINION - Thames Water wants to raise prices 40%, spill more sewage and not be fined - after lining shareholders' pockets

Early last year, regulator Ofwat at last woke up to the exploitation of the complex financial structures around our water companies. Holding companies had been allowed to borrow against water firms’ assets to increase dividends to shareholders.

Evening Standard

Thames Water hires restructuring advisers amid fears of collapse

Crunch talks expected after investors refuse to secure short-term cashflow and parent company due to repay £190m loan

The Guardian - UK

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What now for Thames Water as investors turn off the taps?

With £500m of emergency funding withdrawn, calls are growing for the stricken company to be taken into public ownership

The Guardian - UK

Thames Water on road to state rescue amid investor standoff with Ofwat

After regulator resists 40% increase in bills, shareholders deny request for more money – raising prospect of nationalisation

The Guardian - UK

Who will win in standoff between Thames Water’s investors and watchdog?

Ofwat denies shareholder demands for higher bills and looser environmental regulation

The Guardian - UK

The fate of Thames Water hangs in the balance. So what are its options?

Troubled utilities firm at risk of running out of money by end of April or of cash crunch

The Guardian - UK

Put Thames Water into special administration, Lib Dems tell ministers

Party calls for firm to be wound up as it seeks shareholder bailout, higher bills and lower fines

The Guardian - UK

‘I’ve seen solid waste float by’: Surrey riverside residents try to Stop the Poo

The sewage treatment works at Horley seem to be crumbling, much like owner Thames Water itself

The Guardian - UK

Thames Water accused of ‘misleading’ customers over level of debt payments

Britain’s biggest water company said just 3p in every pound that appeared on bills went to its lenders

The Guardian - UK

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The Guardian - UK

Thames Water absent from industry’s £180m anti-pollution drive

Ministers disappointed by decision of one of worst sewage dumpers not to join England-wide initiative

Evening Standard

Hundreds of thousands of Thames Water customers may be unable to pay bills from April

Prediction comes as Britain’s biggest water supplier battles to stabilise its finances

The Guardian - UK

Thames Water forecasts more leaks over next two years than predicted

Revision will pile further pressure on firm to invest in infrastructure amid anger over its sewage-dumping record

The Independent UK

Eton College pupils forced to stay away at start of term as flooding blocks sewers

Thames Water apologises to staff and pupils as college forced to bring back remote learning

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The Guardian - UK

Eton mess: start of school term delayed as flooding causes toilets to back up

Problems with Thames Water-run sewers from recent rains force pupils at £46,000-a-year school to learn remotely

Evening Standard

Few drops of comfort for new Thames Water boss

City Comment: The ex-military man will surely have no illusions about the scale of the challenge in front of him

The Guardian - UK

Thames Water’s second largest investor slashes value of its stake

USS’s write-down of almost two-thirds comes after utility admitted it cannot afford debt repayments

The Guardian - UK

Thames Water owner hit by second credit rating downgrade in six months

Moody’s move comes as it warns of ‘materially’ increased risks that regulators will block dividend flow

Evening Standard

Thames Water appoints Chris Weston as £850,000 a year CEO

Former boss of FTSE 250 power company Aggreko will run London's 15 million customer utility from 8 January

The Guardian - UK

If Thames Water has to be nationalised, so be it. Ofwat should not be bullied

MPs should demand shareholders invest on fair terms for customers. If they refuse, they should be wiped out

International Business Times

Thames Water Says Needs More Time For Financial Turnaround

Struggling UK utility firm Thames Firm needs more time to turn around its fortunes after announcing a slump in profits and mounting debt, one of its bosses said Tuesday.

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