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The Latest Breaking News from Thames Water

Thames Water warns nationalisation is likely if emergency creditor talks fall

Company slumps to a £1.6bn annual loss as it blames rainfall for rise in pollution incidents

The Guardian - UK

Rotherhithe: Burst water pipe floods 27 homes and cuts off supply to thousands in south London

Residents have been forced to evacuate their homes as thousands of households are left without water in south London

Evening Standard

FTSE 100 share index hits 9,000 points for the first time; US inflation rate rises to 2.7% – as it happened

London stock market hits new peak, Thames Water reports £1.6bn loss, and Rachel Reeves outlines ‘Leeds reforms’ for financial services

The Guardian - UK

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Large sinkhole opens up in middle of road near Clapham Common

Thames Water says the size of the burst pipe means it will be a ‘difficult’ repair

The Independent UK

The English areas set to face new hosepipe ban

IN FULL

The Independent UK

Thames Water announces hosepipe ban as dry weather depletes reservoirs

Restrictions to come into effect in Gloucestershire, Oxfordshire, Berkshire and Wiltshire from 22 July

The Guardian - UK

Million more face hosepipe ban after dry spell

Thames Water has asked customers not to use hosepipes, including for cleaning cars, watering plants, filling pools or cleaning windows.

Evening Standard

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Thames Water announces hosepipe ban for large parts of southern England

The ban will begin on July 22 for customers in affected areas

The Independent UK

Thames Water announces hosepipe ban affecting over a million people as reservoirs at lowest level for a decade

Water company said measure will be brought in for customers in Oxfordshire, Gloucestershire, most of Wiltshire and some parts of Berkshire- but London escapes ban currently

Evening Standard

Thames Water spent £136m on securing emergency funding, leaked document suggests

‘Atypical expenditure’ document suggests utility’s costs over 12 months outstripped the £130m it paid in fines

The Guardian - UK

Where will there be a hosepipe ban in the South East?

Two water companies have announced hosepipe bans during England’s drought conditions

Evening Standard

Thames Water Under Fire After Emergency Loan Was Given As 'Extravagant' £2.5m Bonuses

Thames Water used funds from an emergency loan to pay £2.46 million in bonuses to 21 managers, despite the loan being intended to keep the troubled company afloat.

International Business Times UK

Thames Water refuses to claw back bonuses paid using £3bn emergency loan

Money was paid out from loan meant to stabilise firm’s finances weeks before it paused retention payments plan

The Guardian - UK

Where in the UK is in drought - and will it spread to the rest of the country?

Thames Water has warned it could introduce a hosepipe ban unless water shortages ‘change significantly’

The Independent UK

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Evening Standard

Thames Water bosses recalled before MPs to face grilling on bonuses and rescue

Ofwat has confirmed that £2.5 million of bonus payments made to 21 senior Thames Water executives in April cannot be clawed back.

Evening Standard

Will there be a hosepipe ban in London? South East Water ban comes into force in Kent and Sussex

As hosepipe bans comes into force in some areas, does this include London?

Evening Standard

London's 'super sewer' exec gets £600,000 pay rise whilst Thames Water customers foot the project cost

Thames Water customers are expected to foot the bill for the project through bills increases

The Guardian - UK

Macquarie digs deeper for redemption at Southern Water. There was no alternative

Infamous former owner of Thames Water coughs up more capital in bid to turn around badly performing utility

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Evening Standard

Southern Water receives further £1.2bn equity injection to bolster finances

The fresh equity come as part of a deal that will also see the debt owed to its holding company lenders slashed by more than half.

The Guardian - UK

Southern Water owners to invest up to £1.2bn in troubled utility

Australia’s Macquarie leads consortium putting up funds to help firm avoid breach of regulatory licence

The Guardian - UK

What would happen if Thames Water is temporarily renationalised?

The government could put the struggling utility into a special administration regime – but what does this involve?

The Guardian - UK

Thames Water court case shows there are alternatives to massive infrastructure

It is what we might call the HS2 fallacy: new reservoirs as tall as high-rise buildings that boost water companies’ assets

The Guardian - UK

Thames Water lenders demand government effectively block campaigners from legal action

Creditors owed £13bn say ministers should prioritise ‘environmental betterment over punitive enforcement’

Evening Standard

Government will not be lenient with Thames Water creditors, suggests Reed

The company’s creditors have asked regulators to go easy over performance targets and fines for environmental failings.

The Guardian - UK

Thames Water renationalisation plans being stepped up, says minister

Environment secretary indicates that calls from creditors for leniency from fines and penalties will be rejected

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