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The Latest Breaking News from Thames Water

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

"Someone is going to die" - shocking warning about river pollution as wild swimming season starts

Lawmakers and campaigners say fatalities are next after an outbreak of dangerous water-borne disease

Advnture

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

From analysis to the latest developments in health,
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‘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

The Guardian - UK

'Fatberg' weighing the same as three double decker buses unblocked from east London sewer

A team of 20 engineers from Thames Water took 11 days to remove the congealed heap that was clogging long sections of a sewer

Evening Standard

Thames Water collapse could trigger Truss-style borrowing crisis, Whitehall officials fear

Exclusive: Concerns over effect on UK’s finances lead officials to believe utility should be renationalised before general election

The Guardian - UK

How the overseas owners of the UK’s water companies clean up by polluting our rivers

Soiled seas and huge dividends: where has the £64bn borrowed by firms since privatisation gone, asks Guardian columnist George Monbiot

The Guardian - UK

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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

Water bills hike warning...and why you should never swim the Thames ...The Standard podcast

Plus! Lifeguard on danger of Mayor Sadiq Khan’s “swimmable” river plan

Evening Standard

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

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

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Evening Standard

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

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

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Advnture

"We're not responsible for telling you whether you can swim in the rivers or not" - shocking message from water company polluting a world-famous river

Water company on the defensive after discharging dangerous levels of waste into the Thames

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 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

Advnture

"Don't even think about wild swimming here" - new study reveals shocking pollution levels in the Thames

Water company accused of discharging dangerous levels of waste into the world-famous river

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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