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The Latest Breaking News from Thames

Tube train drivers to join strikes in late July; EasyJet cancels 1,700 flights, blaming Gatwick delays – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Debt-ridden Thames Water raises £750m but warns billions more needed

Last month government began drawing up contingency plans to take supplier into public ownership in case it collapsed

The Independent UK

Thames Water secures extra £750m from shareholders to help stave off nationalisation

Money follows £500m injection in March but troubled utility warns much more future funding needed

The Guardian - UK

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Ofwat boss denies water industry badly regulated as he predicts higher bills

David Black says water firms’ debt is ‘their issue to sort out’ because regulator did not have powers to tackle problem until recently

The Guardian - UK

Private equity is failing water companies again. Get these firms back on the stock market

Listing would allow the market to be admirably brutal – inflicting pain on the owners and forcing management changes

The Guardian - UK

Thames Water fined £3.3m after rivers turn black with sewage killing 1,400 fish

The firm has been fined £3.3m after more than 1,400 fish were killed when the sewage was dumped into the Gatwick Stream in Sussex and River Mole in Surrey in 2017

Daily Mirror

Thames Water dumped ‘millions of litres’ of sewage in river killing more than 1,000 fish

Untreated sewage was pumped into River Mole near Crawley for six and a half hours, turning water black

The Independent UK

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Ex-Thames Water owner accused of ‘money-grabbing’ cuts to Cadent pension scheme

Exclusive: Cadent Gas, owned by Australia asset manager Macquarie, is considering closing its defined benefit scheme

The Guardian - UK

Thames Water shareholder gives backing to crisis-hit firm

USS support for turnaround plan comes as water company buckles under £14bn debt burden

The Guardian - UK

Now, water bosses, you must show how capitalism can work for the common good

If there’s a lesson to be learned from the collapse of Thames Water, it is that utility giants have to pioneer a new kind of company

The Guardian - UK

Thames Water’s annual profit figures may come out after MPs grill industry executives

London’s water provider usually publishes its accounts in the first week of July

Evening Standard

Friday briefing: Could Thames Water’s cautionary tale end the UK’s love affair with privatisation?

In today’s newsletter: Guardian business correspondent Alex Lawson on how things got so bad for the private water company, and where we go from here

The Guardian - UK

In charts: how privatisation drained Thames Water’s coffers

Decades of underinvestment and bumper dividends have left the firm debt-laden and under investigation

The Guardian - UK

Thames Water could delay accounts as turmoil in water industry grows

Firm refuses to say when it will publish annual report; pressure builds on regulator Ofwat

The Guardian - UK

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The Guardian - UK

Ministers must get a grip: no bailout for Thames Water’s backers

Any financial reconstruction of Thames is simple. Shareholders and bondholders are on the hook

Daily Mirror

Water industry is 'teetering on the brink of insolvency' warns Feargal Sharkey

The Government is drawing up plans to rescue debt-ridden Thames Water, despite being owned by a wealthy foreign investors from as far afield as Canada and Abu Dhabi

Evening Standard

Who owns Thames Water? Water bosses face £168m fines over sewage spills

The utility giant is one of many that could be in trouble over sewage treatment

The Guardian - UK

Taxpayer cash must not be used to bail out Thames Water, says Feargal Sharkey

Campaigner says firm should be brought under public control using powers in original privatisation legislation

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The Guardian - UK

Thames Water appoints Sir Adrian Montague as chair; squeezed households run down savings – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Thames Water in crisis talks over potential £10bn black hole

Minister tells Guardian government has ‘no grasp’ of cost involved in preventing possible collapse

The Guardian - UK

What went wrong at Thames Water and what could a bailout look like?

The lowdown as ministers and regulator make contingency plans amid fears company may collapse

The Guardian - UK

Mounting debts and public anger could finally sink water companies in England and Wales

Firms have loaded up debt to pay dividends and been fined millions for dumping raw sewage into rivers

Daily Mirror

Thames Water: Everything you need to know - including if your water supply is safe

There are suggestions that Thames Water could be placed into a special administration regime (SAR) - the same process used when energy supplier Bulb collapsed

Evening Standard

Thames Water crisis puts privatised industry’s future in doubt

Thames Water insiders blame “decades of neglect” by previous owners and management teams for the poor performance

Evening Standard

Who is Sarah Bentley and why is she stepping down from Thames Water?

Troubled company announces chief will continue in post until a replacement is found

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