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The Latest Breaking News from Thames

The fate of Thames Water hangs in the balance. So what are its options?

Troubled utilities firm at risk of running out of money by end of April or of cash crunch

The Guardian - UK

Put Thames Water into special administration, Lib Dems tell ministers

Party calls for firm to be wound up as it seeks shareholder bailout, higher bills and lower fines

The Guardian - UK

‘I’ve seen solid waste float by’: Surrey riverside residents try to Stop the Poo

The sewage treatment works at Horley seem to be crumbling, much like owner Thames Water itself

The Guardian - UK

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Thames Water accused of ‘misleading’ customers over level of debt payments

Britain’s biggest water company said just 3p in every pound that appeared on bills went to its lenders

The Guardian - UK

Thames Water absent from industry’s £180m anti-pollution drive

Ministers disappointed by decision of one of worst sewage dumpers not to join England-wide initiative

The Guardian - UK

Hundreds of thousands of Thames Water customers may be unable to pay bills from April

Prediction comes as Britain’s biggest water supplier battles to stabilise its finances

Evening Standard

Thames Water forecasts more leaks over next two years than predicted

Revision will pile further pressure on firm to invest in infrastructure amid anger over its sewage-dumping record

The Guardian - UK

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Eton College pupils forced to stay away at start of term as flooding blocks sewers

Thames Water apologises to staff and pupils as college forced to bring back remote learning

The Independent UK

Eton mess: start of school term delayed as flooding causes toilets to back up

Problems with Thames Water-run sewers from recent rains force pupils at £46,000-a-year school to learn remotely

The Guardian - UK

Few drops of comfort for new Thames Water boss

City Comment: The ex-military man will surely have no illusions about the scale of the challenge in front of him

Evening Standard

Thames Water’s second largest investor slashes value of its stake

USS’s write-down of almost two-thirds comes after utility admitted it cannot afford debt repayments

The Guardian - UK

Thames Water owner hit by second credit rating downgrade in six months

Moody’s move comes as it warns of ‘materially’ increased risks that regulators will block dividend flow

The Guardian - UK

Thames Water appoints Chris Weston as £850,000 a year CEO

Former boss of FTSE 250 power company Aggreko will run London's 15 million customer utility from 8 January

Evening Standard

If Thames Water has to be nationalised, so be it. Ofwat should not be bullied

MPs should demand shareholders invest on fair terms for customers. If they refuse, they should be wiped out

The Guardian - UK

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International Business Times

Thames Water Says Needs More Time For Financial Turnaround

Struggling UK utility firm Thames Firm needs more time to turn around its fortunes after announcing a slump in profits and mounting debt, one of its bosses said Tuesday.

The Guardian - UK

Thames Water apologises to MPs for ‘confusion’ over £500m loan

Labour MP calls firm’s finances an ‘absolute shambles’ as Ofwat vows it is prepared to put it into administration

The Guardian - UK

Thames Water apologises after 200 tankers of raw sewage left in Surrey town

Raw sewage held in open tanks in Camberley for six months during hottest summer on record

The Guardian - UK

Ofwat investigates whether Thames Water dividend is licensing breach

Exclusive: Debt-laden water supplier says it has paid £37.5m dividend from operating company

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The Guardian - UK

Thames Water to face MPs over fears it could run out of money by April

Committee chair raises concerns as Lib Dem leader describes company as ‘a slow moving car crash’

The Guardian - UK

Ofwat accused of ‘meaningless gesture’ after reducing Thames Water penalty

Regulator cuts amount company will have to pay for underperformance by almost £5 for each customer

The Independent UK

Water company has announced plans to axe up to 140 jobs, says union

The GMB said Thames Water told the union at a meeting on Thursday that it is to start consulting on up to 140 redundancies.

The Guardian - UK

Ofwat warns over financial health of four water suppliers in England

Thames Water and Southern Water among firms urged to take action to secure long-term finances

The Guardian - UK

Watchdog berates Thames Water and Southern Water over level of complaints

Two utilities deemed ‘standout poor performers’ with so many complaints it skews industry’s overall performance

The Independent UK

Southern Water and Thames Water ‘standout poor performers’ driving complaints

The Consumer Council for Water said the more than 20 million people served by the two firms were being ‘let down’.

Evening Standard

London water bills to be slashed by £100 million as regulators hit out at Thames Water leaks and spills

Londoners will be paying over £100 million less to Thames Water next year as the company was hit the hardest by a crackdown from regulators.

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