Round two: Water firm seeks to appeal Ofwat penalties decision June 18, 2024 Northumbrian Water is back in court today as it seeks to overturn a ruling in favour of Ofwat decision regarding penalties for supply interruptions
Has Thames Water’s public esteem sunk to new depths? June 13, 2024 Earlier this year, Thames Water entered a standoff with water regulator Ofwat over attempts to raise customer bills by 40 per cent. At the time – when investors pulled £500m of funding from the utility supplier – YouGov data showed that the company was more disliked than not among the UK public. With media outlets [...]
Risky debt investors flood into Thames Water debt as regulator plots carve-up April 28, 2024 Thames Water is currently buckling under a £15bn debt pile, and the price of its bonds has collapsed over fears it might go into administration.
Despite its problems, Thames Water still aims to pay £2bn in dividends over the next decade April 24, 2024 Thames Water has said it does not pay dividends to shareholders, but pays internal sums to its parent company Kemble Water Holdings
Traders bet on Thames Water crisis contagion as firm races to agree survival plan April 17, 2024 Traders at major hedge funds are betting against the assets of British water companies amid fears over their levels of debt highlighted by the crisis engulfing Thames Water.
Former Thames Water owner among creditors fighting for payback April 9, 2024 Thames Water is in yet another crisis as its shareholders gear up for a potential re-structuring battle
Water firms to face more sewage dumping tracking from environment watchdog March 25, 2024 The Environment Agency today said that from next year, utility providers in England and Wales will be required to fit monitors on an additional 7,000 emergency overflow pipes that have to date not been accounted for.
Why is Ofwat making Welsh Water pay out £40m in charges? March 14, 2024 Water leaks across the firm's operations were found to be at much higher levels than reported
Ofwat blasted for allowing struggling water firms to not employ auditors February 26, 2024 The firms together provide water and sewage services to around 3.7m UK customers.
How can Ofwat regulate ‘failing’ firms like Thames Water without pushing them into bankruptcy? February 22, 2024 The Environment, Food and Rural Affairs Committee expressed significant concerns over Ofwat's role in regulating the water industry