Privately owned water companies in England have issued £10.5 billion in green bonds since 2017, a fifth of the total national issuance, according to market analysis. These bonds, marketed as
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The government is preparing to take Thames Water, the UK’s largest water utility, into temporary public ownership, paving the way for a potential sale to a major Chinese infrastructure company.
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
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
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
The UK government plans to intervene to block Thames Water’s executives from receiving substantial bonuses tied to a £3 billion emergency loan, according to informed sources. The decision arises as
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
The water industry’s financial troubles are deepening, with Southern Water emerging as potentially the next major utility provider to face severe financial distress. Following in the footsteps of Thames Water’s
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
