Castle Water has submitted a revised proposal to rescue Thames Water, offering a substantial £1 billion cash injection above existing offers amidst mounting financial and operational pressures. John Reynolds, chief
Utilities
31Articles
United Utilities has announced a remarkable 131 per cent increase in interim profits, driven largely by a sharp rise in water bills across the northwest of England. The average annual
Ministers have been warned that taking control of Thames Water could add £16.8 billion to the UK’s debt, posing a significant challenge to Labour’s fiscal rules. This would complicate Rachel
Thames Water has declined to recoup £2.5 million in bonuses paid to senior managers from an emergency loan intended to stabilise the struggling utility company’s finances. The payments, distributed to
Octopus Energy has launched a scathing criticism of energy regulator Ofgem following a £1.5m fine over what it describes as “impossible” customer billing rules. The energy supplier, now Britain’s largest,
The chief executive of London’s Thames Tideway tunnel project has secured a substantial £600,000 pay increase, pushing his total remuneration to £2.5 million for the year ending March 2025, despite
Australian finance powerhouse Macquarie has orchestrated yet another substantial bailout of Southern Water, pushing their total investment to a staggering £2.85 billion over four years. The latest rescue package arrives
Thames Water, Britain’s largest water company, has once again found itself in precarious waters after the collapse of a high-profile rescue deal. US private equity giant KKR, following weeks of
Thames Water, the UK’s largest water supplier, has been handed a record fine of £122.7 million by the regulator Ofwat. The penalty is the largest ever imposed by the watchdog
Creditors of Thames Water are reportedly preparing to write off approximately £6 billion of its debt as the American private equity firm KKR advances its bid to take control of
One of Anglian Water’s largest investors has indicated a reluctance to inject more capital into the struggling water sector and is now leaning towards opportunities in foreign utility investments. Local
Thames Water, the beleaguered utility company teetering on the brink of insolvency, has reportedly selected American private equity firm KKR as its preferred bidder for a potential rescue. This move
Contingency measures are being prepared to safeguard the pensions of 12,000 Thames Water employees as the utility company faces potential special administration. The company, which serves 16 million households, is
The creditors behind Thames Water’s £3 billion rescue package have emerged as surprise contenders in the battle to take control of Britain’s largest water utility. The development adds an unexpected
A crucial High Court ruling has approved a £3 billion rescue package for Thames Water, marking a pivotal moment in the company’s efforts to restructure its substantial £19 billion debt
Thames Water has defied its regulator Ofwat by rejecting a proposed 35% rise in household bills, claiming the increase is insufficient to finance the company’s operations over the next five-year
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