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The Latest Breaking News from Thames Water

London’s Super Sewer gets underground flower garden

Garden unveiled as project boss says it is ‘inconceivable’ that Thames Water’s financial woes will derail London’s new £4.5bn sewage system

Evening Standard

Thames Water with a dash of Ponzi scheme

Letters: Louis Berk thinks Bernie Madoff couldn’t have pulled off a better deception, Alan Gray is glad to hear of the water company’s ‘strong liquidity position’, and John Powell thinks Dŵr Cymru has the right idea

The Guardian - UK

Severn Trent chief proposes ‘social purpose’ water firms amid utilities crisis

Liv Garfield seeks backing from Labour for reforms as government eyes temporary renationalisation of Thames Water

The Guardian - UK

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Thames Water fined £24,000 after leaving manhole uncovered during South Kensington works

The local council said the works posed a risk to the public

Evening Standard

Sadiq Khan: Thames Water crisis proves ‘privatisation hasn’t worked’

The mayor criticised the monopoly enjoyed by the company and claimed the Government had failed to regulate it

Evening Standard

Sewage in kitchens and ‘white elephant’ projects: why Thames Water is struggling

The shock departure of its chief executive this week is not the only problem the water company is facing

The Guardian - UK

How Thames Water came to be flooded with debt – and what it means for taxpayers

Thames Water is reportedly on the brink of collapse. The UK’s largest water company, well known for its high levels of water leakage, sewage spills, executive pay and dividend payments, now appears to be flooded with debts that it cannot afford to pay.

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Labour MPs urge Keir Starmer to commit to nationalising water firms

Exclusive: Thames Water crisis prompts call for rethink on party’s decision to ditch nationalisation policy

The Guardian - UK

Thames Water’s annual profit figures may come out after MPs grill industry executives

London’s water provider usually publishes its accounts in the first week of July

Evening Standard

Question Time audience member urges UK to 'look to what Scotland's done'

A QUESTION Time audience member was applauded after she said that the Government south of the Border should “look to what Scotland’s done” ...

The National (Scotland)

Thames Water crisis explained as utility giant serving 15m people faces collapse

The utility giant is struggling under a £14 billion debt pile

The Independent UK

Friday briefing: Could Thames Water’s cautionary tale end the UK’s love affair with privatisation?

In today’s newsletter: Guardian business correspondent Alex Lawson on how things got so bad for the private water company, and where we go from here

The Guardian - UK

In charts: how privatisation drained Thames Water’s coffers

Decades of underinvestment and bumper dividends have left the firm debt-laden and under investigation

The Guardian - UK

United Utilities defends 'robust and prudent' finances in wake of Thames Water crisis

United Utilities recently agreed to hand more than £300m to its shareholders

Birmingham Post

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Daily Mirror

Bosses at nine water firms pocketed £13million last year - while YOU face higher bills

It follows reports water firms are planning to hike household bills by up to 40% to meet costs of the sewage crisis

The Guardian - UK

Thames Water could delay accounts as turmoil in water industry grows

Firm refuses to say when it will publish annual report; pressure builds on regulator Ofwat

The Guardian - UK

Ministers must get a grip: no bailout for Thames Water’s backers

Any financial reconstruction of Thames is simple. Shareholders and bondholders are on the hook

Daily Mirror

Water industry is 'teetering on the brink of insolvency' warns Feargal Sharkey

The Government is drawing up plans to rescue debt-ridden Thames Water, despite being owned by a wealthy foreign investors from as far afield as Canada and Abu Dhabi

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Evening Standard

Who owns Thames Water? Firm in High Court battle against administration

Company needs up to £3bn to stay afloat

Nottingham Post

The five debt-riddled water companies that regulator Ofwat is most worried about

There are fears about other companies alongside troubled Thames Water

Wales Online

The five water companies that regulator Ofwat is most worried about

There are fears about other companies alongside troubled Thames Water

The Guardian - UK

England’s water companies are ‘environmentally insolvent’, study says

Firms are unable to raise £260bn to deal with sewage spillages according to researchers

Daily Mirror

Water firms face staggering £60 BILLION debts amid Thames Water collapse threat

Emergency plans are reportedly being drawn up by the government for the collapse of Thames Water as concerns grow over the utility company’s £14billion debt

Evening Standard

The cost of nationalising Thames Water? Nothing

City Comment: You might hate the idea of Government-owned utilities on principle. But financially, there’s no reason to object to buying back Thames Water

The Guardian - UK

What are the options for Thames Water as crisis talks continue?

From special administration to waiting for shareholders to bail it out, the future of the utility hangs in the balance

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