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
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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
The majority of British water companies are yet to accept Ofwat’s pricing and spending settlements, with just over a week remaining before the deadline to challenge the regulator at the
A pivotal legal battle commenced today at the Royal Courts of Justice as Thames Water seeks approval for a £3bn emergency funding package amidst mounting pressure from campaigners advocating for
Major water suppliers have reached a significant financing agreement with industry watchdog Ofwat, leading to substantial bill increases for millions of households over the next five years. Pennon Group, which
British households are bracing for a substantial increase in their water bills following the water regulator Ofwat’s latest pricing determination. The decision, which permits a 36 percent average rise by
The UK’s largest water utility company, Thames Water, stands at a crucial juncture as it warns that British taxpayers could face an 18-month burden of funding the organisation if the
British water companies are confronting a substantial £400 million financial burden over the next five years due to increases in employers’ national insurance contributions, following Rachel Reeves’s recent budget announcement.
In a significant development for the UK’s largest water utility, Thames Water has received a substantial bid from Covalis Capital, partnering with France’s Suez to orchestrate a strategic break-up of
Major creditors of Thames Water have issued a firm directive to Britain’s water regulator, stating that a proposed £3bn emergency loan cannot be used to settle outstanding fines. The UK’s
A significant development has emerged in the ongoing Thames Water crisis as Graham Edwards, the Conservative Party treasurer, heads a consortium aiming to rescue the troubled utility company. The proposed
A comprehensive Barclays survey has revealed the UK water sector stands as the riskiest utility investment across Europe, raising serious concerns for potential investors and existing stakeholders alike. The research,
A planned £3 billion emergency loan for Thames Water could incur more than £800 million in interest and additional costs, raising serious concerns about the impact on customers and infrastructure
British power generation giant Drax has lifted its annual profit forecast, capitalising on reduced wind farm output across the UK energy network. The North Yorkshire-based enterprise anticipates adjusted earnings to
