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The Latest Breaking News from Thames Water

Rescue plan at Thames Water is still too murky

Creditors’ breezy description of their proposal gives a few selected highlights but lacks anything to reassure the poor old customers

The Guardian - UK

FTSE 100 Live 03 September: Bond market pressure continues, date set for autumn Budget

Financial markets are on edge after yesterday’s global bonds sell-off pushed the UK’s 30-year gilt yield to its highest level since May 1998.

Evening Standard

Thames Water to do fewer improvement projects under lenders’ new rescue plan

New consortium says infrastructure projects must be cut back to make beleaguered company viable again

The Guardian - UK

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Thames Water creditors outline £20.5bn investment aims under rescue plans

The London & Valley Water consortium is pledging to ‘fix the foundations’ of Thames Water with the mammoth spending proposal put forward to Ofwat.

Evening Standard

Thames Water unveil £20.5 billion action plan to revive struggling water firm

Thames Water is on the brink of nationalisation as it struggles under a mountain of debts

The Independent UK

English water firms spend £16.6m on legal fees over environmental breaches

MPs on Commons committee describe figures as a waste and say money should have been used to fix infrastructure

The Guardian - UK

Reeves says Thames Water should find ‘market-based solution’

Chancellor aims to reassure creditors but says ministers are planning for all options including special administration

The Guardian - UK

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Thames Water agrees payment plan for £123m sewage and dividend fines

Ofwat gives the company breathing space as it scrambles to secure funding to avoid nationalisation

The Guardian - UK

Thames Water to pay fifth of record £122.7m fines by end of September

The remaining 80% is dependant on the financial security and future of the debt-laden water supplier, but a backstop has been set for March 31 2030.

Evening Standard

Thames Water agrees new £122m fine payment plan amid concerns over its future

Campaign group River Action slammed it as a ‘sweetheart deal’

The Independent UK

The 2,000 London homes pumping waste straight into the rivers

Thames Water has identified 2,294 misconnections in properties throughout London over the past five years

Evening Standard

‘Even Puerto Rico paid its bill’: Thames Water creditor suggests backers are safe

Creditors of US territory’s were protected during municipal default, says Assured Guaranty’s chief executive

The Guardian - UK

Ofwat – what are they thinking of?

Letters: A drought of ideas | Double-yolkers | Our beautiful launderettes | Good Friday dispute | Potato planting

The Guardian - UK

Thames Water says new Abingdon reservoir could cost bill-payers up to £7.5bn

Price rise to three times original budget is a blow to government’s reservoir expansion plans

The Guardian - UK

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The Guardian - UK

Hong Kong’s CKI a leading contender to buy Thames Water, reports say

The infrastructure company is among those lining up to acquire the struggling utility if it collapses

Evening Standard

Chinese firm could take over failing Thames Water marred by £16 billion worth of debts and sewage scandal

Ministers are preparing to take Britain’s biggest water supplier into temporary public ownership

Evening Standard

West Londoners left without water amid scorching heatwave

Six postcodes have been affected following a burst water main

The Guardian - UK

Thames Water: advisers appointed to plan for company’s potential collapse

FTI Consulting seen as frontrunner to advise on placing the utility into a special administration regime

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Evening Standard

Government lines up insolvency firm in case of Thames Water collapse

Contingency plans could see Britain’s biggest water firm placed into a special administration regime.

Evening Standard

Footage shows diggers removing ‘disgusting’ island of wet wipes from Thames

The arm of a digger could be seen plunging into the mud and pulling out chunks of stringy wet wipes.

Evening Standard

North London flooding: Thames Water warns 'complex' repairs could take days to fix

Some places have been left under 44cm of water and 70 firefighters worked to stop the flooding

Evening Standard

London's disgusting 'wet wipe island' to be removed as work begins to excavate 180 tonnes of congealed waste

Work is under way to excavate the estimated 180 tonnes of congealed waste near Hammersmith Bridge

The Guardian - UK

Disputed or debunked claims about migration and crime in the UK

As politicians face criticism for promoting misleading data, here are some claims that do not bear scrutiny

The Guardian - UK

The Guardian view on water boss’s undisclosed bonus: Labour won’t fix a system it won’t confront

Despite tough talk on sewage and pay, ministers refuse to challenge the water industry’s broken model – leaving private capital in charge of a troubled public service

The Guardian - UK

Labour MPs urge Thames Water to recover £2.5m paid to executives in April

Exclusive: Letter to water company sets out demands, including resolving most severe cases of pollution

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