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The Latest Breaking News from Thames Water

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

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

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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

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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

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

The Guardian - UK

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

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

Evening Standard

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

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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

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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

The Guardian - UK

Thames Water says without steep bill increase it’s ‘neither financeable nor investible’

Debt-laden company tells Ofwat if it cannot charge customers 59% more, it ‘would prevent company turnaround and recovery’

The Independent UK

Thames Water proposes huge new bills hike

The average bill over the five-year period from 2025 to 2030 would be £638 under the proposal

The Guardian - UK

Federal Reserve’s Jerome Powell says ‘the time has come’ for US interest rate cuts – as it happened

Live coverage as investors wait for signs at Jackson Hole summit of how fast US central bank will cut interest rates starting in September

The Guardian - UK

Canadian export agency ‘nursing losses’ after lending $1bn to Thames Water

State-backed body EDC has reportedly sold at deep discount five loans made to debt-ridden UK utility

The Guardian - UK

Thames Water barred from billing customers for pension shortfall

Company faces scramble for funds after Ofwat says deficit is for managers and shareholders alone to deal with

Evening Standard

Warning as sewage leaks into parks and green spaces in south-west London

The warning comes as water companies face harsher punishments for sewage leaks

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