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The Latest Breaking News from Thames Water

Thames clean-up under way as London’s £4.5bn super sewer opens with filthy spills already being stopped

The first valves at four of a total of 21 sites, which operate like giant gates, have opened along the seven metre-wide tunnel

Evening Standard

Don’t indulge the Thames Water whingers next week, prime minister

Labour should stand firm at its investors summit and remind attenders that the UK’s utilities sector is eminently investable

The Guardian - UK

Water companies ordered to return £158m to customers next year after missing key targets

For the second year in a row, no company achieved the top rating, although four companies did show an improvement from last year.

Evening Standard

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Southern Water seeks to borrow up to £4bn from investors

Move could increase pressure on utility companies turning to bond markets amid crisis at Thames Water

The Guardian - UK

Unresolved water complaints in England and Wales rise to near-decade high

Customer disputes over sewage spills, billing mistakes and water meters soar in past year

The Guardian - UK

The Huron Police Department Helped A Puppy Who Couldn’t Get Out Of A Smelly Situation Alone

This puppy got himself into a really sticky situation, yet everything turned out better than anyone could imagine. The post The Huron Police Department Helped A Puppy Who Couldn’t Get Out Of A Smelly Situation Alone first appeared on Bored Panda.

Bored Panda

Calls for failing English water firms to be taken over using special administration

Government urged to use power to control companies such as Thames Water and reform the industry

The Guardian - UK

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Thames Water could be blocked from new debt financing next week

Troubled firm has until 7 October to agree to extension, according to holding company accounts

The Guardian - UK

Labour used water industry analysis to argue against nationalisation

‘Economically illiterate’ Defra letter sent to anti-sewage groups cites 2018 report commissioned by water companies

The Guardian - UK

OPINION - Thames Water has failed London, it's time to let it go bust — or nationalise it

The longer a scandal rolls on, the harder it is to keep in perspective. It now seems almost normal that we live in a country that pours raw sewage into waterways on a daily basis. When we first heard water companies were releasing filth into rivers and the sea —…

Evening Standard

Thames Water credit ratings slashed to lower levels of junk as default fears grow

S&P and Moody’s cut ratings by five notches on risk troubled company will run out of cash

The Guardian - UK

Credit agencies slash their ratings on Thames Water debt

The move drags £16 billion of Thames Water debt even deeper into junk territory

Evening Standard

Six water firms in England ‘overcharged customers by up to £1.5bn’

Firms underreported true scale of sewage pollution for 10 years, which allowed them to set higher bills, tribunal told

The Guardian - UK

Farage says Tory brand is ‘bust’ as other Reform UK speeches target immigrants, drag queens, vegans and more – as it happened

Lee Anderson, Richard Tice and Nigel Farage give speeches at Reform party conference

The Guardian - UK

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The Guardian - UK

Thames Water warns its cash may run out as soon as December

Creditors may ease repayment terms to safeguard their current loans as troubled utility fights for survival

The Guardian - UK

Thames Water trying to stay afloat by rewriting loan deals, says source

Firm in £15bn debt books November high court dates in effort to extend ‘liquidity runway’

The Guardian - UK

Labour in apparent disarray over Thames cleanup plan

Minister approved Thames Water project at location prioritised by Sadiq Khan for wild swimming

Evening Standard

Sir Keir Starmer 'could allow water bill rises across country' to pay for Thames Water bailout

New laws would give the government the power to raise bills to prop up Thames Water if a buyer cannot be found

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Evening Standard

Safety concern as Greenway cycle route in east London is closed for 18 months

Campaigners say Thames Water should have given time for diversion route to be made car-free

The Guardian - UK

Remainder of year’s water bills will pay dividends and service debts, say campaigners

We Own It says 31% of water bills went on shareholder payouts and company debts in last financial year, while the same percentage of 2024 remains

The Guardian - UK

Elliott, unlike Thames Water’s board, sees the inevitability of debt writedowns

Hedge fund’s reported purchase of £1bn of bonds at a big discount suggests growing realism about company’s future

The Guardian - UK

Water firms in England and Wales lost more than 1tn litres from leaks last year

Hundreds of millions of litres were wasted every day, with Thames Water revealed as the worst offender

International Business Times UK

Thames Water Wants To Hike Prices By Up To 59% In 2025: 'After Keeping Bills Low, Now Is The Time For Difficult Choices'

Thames Water proposes a controversial 59% hike in customer bills by 2025 to fund essential infrastructure upgrades, sparking concerns amid financial pressures on households and regulatory scrutiny.

The Guardian - UK

Thames Water lobbied Whitehall to press Ofwat on allowing higher bills

Exclusive: Debt-ridden company also warned officials of ‘chilling effect’ of any renationalisation

The Guardian - UK

Thames Water’s ‘difficult choices’ must include pain for bondholders

Customers know bills have to rise, but shareholders should also pay, as they would at a conventional company that overextended itself

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