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The Latest Breaking News from Thames Water

100-tonne ‘fatberg’ blockage removed from London sewer

Thames Water described the clearance of the fatberg as ‘hugely complex’

The Independent UK

Water bills: millions of households in England could face even bigger rises

CMA poised to give verdict after appeal by five firms for permission to increase bills higher than allowed by Ofwat

The Guardian - UK

The 14 rivers set to be cleaned up with funding from £3.3 million of Thames Water fines

More than £3.3 million of penalties handed to the capital’s water company between April 2022 and October 2023 are now funding river schemes across the city

Evening Standard

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£10m in fines paid by water firms funds restoration of sewage-polluted waterways

Fifty-one projects have won funding, including restoring riverbeds in Exmoor National Park and tackling septic tank spills into Windermere.

The Independent UK

There are no good options at Thames Water. But temporary renationalisation is cleaner

Creditors may well succeed in their plea for lower standards, but at this point customers deserve to see some proper detail

The Guardian - UK

Woman who died after refusing chemotherapy ‘adversely influenced’ by mother

Paloma Shemirani, 23, collapsed on July 19 last year and was taken to Royal Sussex County Hospital where she died five days later.

Evening Standard

Thames Water lenders submit new rescue plan to avoid nationalisation

The London & Valley Water group of creditors has outlined plans to write off around £4 billion, or 25%, of the debt they hold in Thames Water.

Evening Standard

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Business news live - Thames Water creditors submit rescue plan to prevent administration

Stock market news plus latest business and personal finance updates from Thursday

The Independent UK

Thames Water creditors ask for up to 15 years’ leniency from river pollution rules

Lenders say a ‘full return to legal, regulatory and environmental compliance’ under new rescue plan would not be completed until at least 2035-2040

The Guardian - UK

Thames Water lenders propose new rescue deal to prevent collapse

London & Valley Water hope to eventually float Thames Water on the stock market after turning around the firm’s fortunes.

Evening Standard

US company hiring plans weakest since 2009; Thames Water creditors propose new rescue plan – as it happened

UK companies’ hiring plans also weaken; European shares hit record high

The Guardian - UK

Thames Water rolls out scheme to automatically cut low-income households’ bills

Those identified as needing assistance do not need to apply to be included in the scheme, which will automatically cut their bills.

Evening Standard

£500m Thames Water desalination plant has provided just seven days’ water over 15 years

Plant in Beckton has run only five times and has been beset by multiple problems since it was built

The Guardian - UK

Thames Water paid £1m-plus to corporate spooks firm part-owned by Starmer adviser

Exclusive: Hakluyt – formerly run by Varun Chandra – has been advising utilities company as it tries to avoid renationalisation

The Guardian - UK

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The Independent UK

London’s infamous ‘Wet Wipe Island’ finally cleared of 5 million wipes

Some 114 tonnes of material, including towels, scarves, trousers and even a set of false teeth, have now been removed

Evening Standard

Five million wet wipes cleared from disgusting 'island' in Thames — as false teeth and trousers also found

Diggers scooped up wipes, towels, scarves, trousers, a car’s engine timing belt and a set of false teeth from the river foreshore in west London

The Independent UK

The best and worst performing water companies revealed by watchdog

Household complaints to the Consumer Council for Water have surged to a nine-year high

The Independent UK

Two major UK water companies to pay out £86m over wastewater spills

Ofwat said it found a ‘range of failures’

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The Guardian - UK

Our charity could have lost thousands due to Thames Water delay

It took a year and a half after we paid for installation for the company to connect our refurbished property

The Guardian - UK

Rescue plan at Thames Water is still too murky

Creditors’ breezy description of their proposal gives a few selected highlights but lacks anything to reassure the poor old customers

Evening Standard

FTSE 100 Live 03 September: Bond market pressure continues, date set for autumn Budget

Financial markets are on edge after yesterday’s global bonds sell-off pushed the UK’s 30-year gilt yield to its highest level since May 1998.

The Guardian - UK

Thames Water to do fewer improvement projects under lenders’ new rescue plan

New consortium says infrastructure projects must be cut back to make beleaguered company viable again

Evening Standard

Thames Water creditors outline £20.5bn investment aims under rescue plans

The London & Valley Water consortium is pledging to ‘fix the foundations’ of Thames Water with the mammoth spending proposal put forward to Ofwat.

The Independent UK

Thames Water unveil £20.5 billion action plan to revive struggling water firm

Thames Water is on the brink of nationalisation as it struggles under a mountain of debts

The Guardian - UK

English water firms spend £16.6m on legal fees over environmental breaches

MPs on Commons committee describe figures as a waste and say money should have been used to fix infrastructure

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