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The Latest Breaking News from Thames Water

Water firms ‘laying groundwork’ to appeal against Ofwat bill rise cap, says Moody’s

Credit rating agency expects English and Welsh companies to challenge regulator’s ruling with CMA watchdog

The Guardian - UK

Super sewer: Thames Water customers will pay £25 annual levy for another two decades to fund £4.5bn project

Seven new riverside piers, cycle superhighway reinstated - but tunnel boss won’t be swimming in the Thames, despite Sadiq Khan’s vision

Evening Standard

London's new £4.5bn super sewer opens, but will it clean the Thames?

Four of the tunnel’s 21 sites have now opened, kicking off the Thames’ clean-up operation

Evening Standard

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‘They are ruining my life’: how the shadowy world of debt collection can wreck your finances

A stranger’s bill can be passed, in your name, down a chain of companies until it reaches the courts without you knowing anything about it. The result can be catastrophic

The Guardian - UK

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

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

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The Guardian - UK

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

Evening Standard

Credit agencies slash their ratings on Thames Water debt

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

The Guardian - UK

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

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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

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

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