Creditors seeking to take control of Thames Water have tabled a final rescue plan to regulators, proposing a £4 billion debt write off in exchange for more achievable environmental targets.
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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
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
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
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.
Thames Water, the embattled London utility serving 16 million people in south-east England, has called for yet another increase in customer bills as it warns that proposed cuts to its
The UK’s water sector is preparing for potential penalties amounting to £2 billion over the next five years, as the regulator Ofwat intensifies efforts to tackle sewage issues. A recent
Thames Water, the largest water company in the UK, is currently facing significant financial challenges after the regulator, Ofwat, rejected its proposal to charge customers £156.6 million to address a
