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The Latest Breaking News from Thames

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

Thames Water urged to ‘get a grip’ on testing water supply after illness outbreak

Exclusive: Labour calls on firm to urgently test treatment works after dozens in south-east London experience vomiting and diarrhoea

The Guardian - 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

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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

Dow Jones Industrial Average hits 40,000 points for first time; UK reality TV stars charged over FX scheme – as it happened

Strong quarterly results and hope of interest rate cuts drive DJIA to new alltime high

The Guardian - UK

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.

International Business Times

Thames Water’s extra £1.1bn will do little to steady the sinking ship

The debt-riddled firm has updated its five-year spending plans but still needs to convince the regulator and investors

The Guardian - UK

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Thames Water warns it could hike bills by £200 a year to help cut sewage spills

Bill set to hit £627 by 2030 to pay for investment projects

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

Evening Standard

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

FTSE 100 hits record closing high amid hopes of interest rates cuts – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Thames Water bills will still increase by 40% in updated business plan

The new plan comes at a time of serious questions over the future of the utility

Evening Standard

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

Where are Britain's Got Talent winners now? From Vegas success to secret splits

The ITV series returned on Saturday night for its 17th season

Evening Standard

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The Guardian - UK

IMF’s Georgieva says border migration is helping US outperform Europe; UK car insurance prices finally falling – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Thames Water break-up is a promising idea

It is unlikely that the company’s owners will invest more or it will be fully nationalised, but its structure needs a rethink

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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The Guardian - UK

Thames Water funding crisis: the key players in the row over its future

In latest twist to finger-pointing standoff, debt-stricken supplier’s parent company has defaulted on loan

The Guardian - UK

Thames Water parent tells creditors it has defaulted on debt

Missed interim payment raises prospect of restructure or collapse of troubled company

The Guardian - UK

Chinese lenders key as Thames Water’s owner seeks time to pay debts

ING, AIB and two Chinese state-owned banks expected to agree extension on £190m loan

Evening Standard

OPINION - Thames Water wants to raise prices 40%, spill more sewage and not be fined - after lining shareholders' pockets

Early last year, regulator Ofwat at last woke up to the exploitation of the complex financial structures around our water companies. Holding companies had been allowed to borrow against water firms’ assets to increase dividends to shareholders.

The Guardian - UK

Thames Water hires restructuring advisers amid fears of collapse

Crunch talks expected after investors refuse to secure short-term cashflow and parent company due to repay £190m loan

The Guardian - UK

What now for Thames Water as investors turn off the taps?

With £500m of emergency funding withdrawn, calls are growing for the stricken company to be taken into public ownership

The Guardian - UK

Thames Water on road to state rescue amid investor standoff with Ofwat

After regulator resists 40% increase in bills, shareholders deny request for more money – raising prospect of nationalisation

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