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The Latest Breaking News from Thames Water

Thames Water bills will still increase by 40% in updated business plan

The new plan comes at a time of serious questions over the future of the utility

Evening Standard

Thames Water-linked firm paid £14m in dividends despite concerns over group

Kennet Properties sells off Thames Water land, whose owner, Kemble Water, has warned it would not be able to pay a £190m loan

The Guardian - UK

‘No dividing line’: consultants advising private water companies also work for their regulator, Ofwat

Campaigners call for the whole regulatory system to be replaced after Observer analysis finds watchdog spent more than £25m with consultancies

The Guardian - UK

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Thames Water nationalisation plan could move bulk of £15bn debt to state

Exclusive: Under Whitehall blueprint for water company some lenders could lose up to 40% of their money

The Guardian - UK

"We're not responsible for telling you whether you can swim in the rivers or not" - shocking message from water company polluting a world-famous river

Water company on the defensive after discharging dangerous levels of waste into the Thames

Advnture

IMF’s Georgieva says border migration is helping US outperform Europe; UK car insurance prices finally falling – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Thames Water to add to debt mountain in bid for survival

Exclusive: Board to release turnaround proposals on Friday amid uncertainty over future of UK’s biggest and most heavily-indebted water firm

The Guardian - UK

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"Don't even think about wild swimming here" - new study reveals shocking pollution levels in the Thames

Water company accused of discharging dangerous levels of waste into the world-famous river

Advnture

Thames Water break-up is a promising idea

It is unlikely that the company’s owners will invest more or it will be fully nationalised, but its structure needs a rethink

The Guardian - UK

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

Give water company board members a taste of filthy rivers

Letters: Wendy Bradley suggests a grand water downing ceremony presided over by the king for Thames Water and others. Plus a letter from Pete Lavender

The Guardian - UK

Australia’s Macquarie among lenders to Thames Water’s parent company

Controversial investment bank could play important role in fate of Britain’s biggest water firm

The Guardian - UK

Count Binface unveils manifesto for London Mayoral election including Thames Water pledge

The satirical political candidate has unveiled a list of 24 policies - with some more extreme than others

Evening Standard

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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

Thames Water parent tells creditors it has defaulted on debt

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

Evening Standard

Thames Water owner Kemble defaults on £400 million of bonds

It failed to make some interest payments when they were due

Evening Standard

OPINION - Will the government be forced to hold its nose and nationalise Thames Water?

In his bestselling book Outliers: The Story of Success, Malcolm Gladwell repeatedly referenced the '10,000-Hour Rule', based on research by Swedish psychologist Anders Ericsson. Despite its subsequent controversy, the rule's premise is in someways fairly pedestrian: achieving greatness in any skill requires time and effort.

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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

Evening Standard

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

OPINION - The Standard View: Thames Water's sewage failings leave a nasty smell

It is a rudimentary lesson of statistics that correlation does not necessarily equal causation. Otherwise, Thames Water customers might reasonably conclude that the higher their bills rise, the more sewage the company pumps into London’s rivers.

Evening Standard

London's great stink: Sewage flowed into capital's rivers for almost 10,000 hours last year

Thames Water customers will see a huge rise in bills this week despite sewage being pumped into London rivers for more than 9,773 hours in 2023

The Guardian - UK

One in three UK water workers verbally abused amid sewage fury, GMB finds

Exclusive: public anger over river pollution affecting employee safety, union survey suggests

Evening Standard

Thames Water 'dumped raw sewage into river for 53 days in a row killing everything', residents claim

Residents in an Oxfordshire village have claimed the sewage has blighted their lives

The Guardian - UK

Look at the Thames and know the time for metaphors is over: our politics is drowning in effluent

It took a sewage-plagued Boat Race to do it, but people can now see the appalling state of England’s water industry and waterways, says Guardian columnist Marina Hyde

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