The Latest Breaking News from Thames Water

The plans would see French water firm Suez brought in to help run the company while Covalis breaks Thames Water up into smaller chunks.

Live, rolling coverage of business, economics and financial markets as American private sector adds 227,000 jobs in November

David Black said water companies need to make ‘changes across the board’ but he ‘wouldn’t agree’ that regulators have failed.

Burst water main near Victoria Station forces closure on major central London road during rush hour

For the first time, anyone in England can now access real-time information of where combined sewer overflows (CSOs) are discharging untreated wastewater into our waterways. This week, all water companies published details of how anyone can access the status of thousands of “event duration monitors”, devices that are placed on…

Thames Water is among nine firms that must ensure owners and shareholders pick up the tab for £6.8 million of executive bonuses.

Eight other water firms won’t be using customers’ funds to pay bonuses

Ofwat said its new powers had been applied to bonuses worth £6.8 million, or 73% of the overall total, across the water sector.

Watchdog stops nine from from funding bonuses through customers – but bosses will still get their cash from shareholders