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The Latest Breaking News on Droughts

Do not let Thames Water’s bondholders wriggle off the hook

Nils Pratley: Bondholders are hoping to escape intact if Ofwat is sufficiently generous with its increases in bills

The Guardian - UK

Thames Water pays out £158m to shareholders despite £15bn debt and sewage leak failings

Thames Water says it has cash to last until May 2025 and if it fails to find investment, Sir Keir Starmer will face a decision on measures that would effectively see it nationalised

The Independent UK

Thames Water to tap investors for funds as it will run out of cash by next June

Company is laden with £15.2bn of debt, up £1.3bn on the previous year, most of which could be added to the public purse

The Guardian - UK

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Poor state of Thames Water a ‘critical risk’ to UK, Starmer and Reeves told

Exclusive: Whitehall warns firm’s deteriorating infrastructure and £15.6bn debt pose urgent problem

The Guardian - UK

Thames Water accused of ‘chicanery’ over £150m dividend payment

Debt-laden utility urged to show greater transparency as it faces investigation by industry regulator Ofwat

The Guardian - UK

Thames Water board approved £150m payout hours before funding U-turn

Exclusive: Ofwat to investigate circumstances around payment of dividend to intermediate parent company

The Guardian - UK

South West Water hands boss huge pay hike despite pollution soaring

The pay details come as the group also revealed that pollution incidents at South West Water soared by 80% in 2023

The Independent UK

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Ofwat considers cutting sewage fines for financially struggling water firms

Regulator understood to be looking at ‘recovery regime’ for Thames Water and others in sector

The Guardian - UK

Water watchdog to refuse suppliers’ requests to increase prices

Thames Water requested a bill increase of up to 59 per cent as it faces £15billion of debt, according to reports

The Independent UK

Ofwat poised to refuse most suppliers’ requests for big price rises

Water watchdog decision on bills in England and Wales delayed until after election, as Thames crisis looms

The Guardian - UK

Northumberland council criticised after latest drowning in River Tyne

Parents of boy who died in same stretch of water in 2022 say: ‘What have they been doing for the last two years?’

The Guardian - UK

Water investors have withdrawn billions from private companies, analyst claims

Shareholder investment in top 10 water and sewage firms has decreased by £5.5bn since privatisation. while dividend payments have increased to £72.8bn

The Independent UK

Thousands in Devon no longer have to boil drinking water, says supplier

But authorities say households in some areas need to continue safety measures amid waterborne parasitic disease

The Guardian - UK

Thames Water’s biggest investor cuts value of its stake to zero

Writedown by Canadian pension fund Omers highlights growing financial crisis at utilities firm

The Guardian - UK

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The Guardian - UK

‘Someone is going to die’: MPs warned of E coli risk to swimmers in English waters

Clean river campaigner says pollution poses threat as Labour MP calls for water industry to be taken into public ownership

Evening Standard

More than 30,000 properties without water three days after main burst in Sussex

Southern Water said in an update on Sunday it was ‘very sorry’ that people in St Leonards-on-Sea, Hastings, and in Westfield were still without water.

International Business Times

How UK's Biggest Water Supplier Sank Into Crisis

Thames Water, the UK's largest water supplier, has been ravaged since privatisation by soaring debts and chronic underinvestment, sinking into a deep financial crisis which has sparked bailout speculation.

Evening Standard

A £200 Thames Water bill increase is one thing, but for this level of service?

City Comment: We have arrived at a situation where there is no confidence in the ownership of a business that has the monopoly in supplying water to the capital

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The Guardian - UK

Thames Water could raise bills to £627 a year to help fix leaks

Embattled water supplier promises to invest up to £3bn more over the next five years

The Guardian - UK

Thames Water-linked firm paid £14m in dividends despite concerns over group

Kennet Properties sells off Thames Water land, whose owner, Kemble Water, has warned it would not be able to pay a £190m loan

The Guardian - UK

‘No dividing line’: consultants advising private water companies also work for their regulator, Ofwat

Campaigners call for the whole regulatory system to be replaced after Observer analysis finds watchdog spent more than £25m with consultancies

The Guardian - UK

Thames Water nationalisation plan could move bulk of £15bn debt to state

Exclusive: Under Whitehall blueprint for water company some lenders could lose up to 40% of their money

The Guardian - UK

Thames Water to add to debt mountain in bid for survival

Exclusive: Board to release turnaround proposals on Friday amid uncertainty over future of UK’s biggest and most heavily-indebted water firm

The Guardian - UK

Thames Water has six weeks to agree survival plan with Ofwat

While the company believes it has cash to last 15 months, it will have to move fast to stave off insolvency

The Guardian - UK

Thames Water is everyone’s problem and time is running out to fix it

Ailing water company hopes higher bills can save it, but that depends on Ofwat agreeing its salvage plans are workable

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