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
Water and Sanitation
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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’s bonds have plunged to unprecedented lows following the Environment Secretary’s announcement regarding enhanced contingency preparations for the troubled utility provider. The company’s debt value deteriorated to 67p on
The UK government has signalled its readiness to place Thames Water into special administration amid mounting concerns over the utility provider’s financial stability and operational performance. Environment Secretary Steve Reed
The Independent Water Commission’s forthcoming report will not advocate for changes to water companies’ ownership structures, according to its chairman Sir Jon Cunliffe, a former Bank of England deputy governor.
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
South East Water, a key supplier for 2.2 million people across Kent, Sussex, Surrey, Hampshire, and Berkshire, has announced a £200 million cash injection to stabilise its financial position. The
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
Household water bills in England could soar to £2,000 per year by 2050, according to Ofwat, the water regulator. Current projections estimate that achieving this figure would require investments of
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
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
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
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