United Utilities: Profit rises significantly as water bills hiked May 15, 2025 Profit at United Utilities jumped significantly ahead of the FTSE 100 giant hiking water bills for its more than seven million customers, it has been revealed. The Warrington-headquartered firm, which serves customers in the North West of England, has also proposed an increase to its final dividend of 4.2 per cent to 34.6p. The company [...]
Thames Tideway: Just how super is London’s new super sewer? May 14, 2025 “A national scandal,” Sadiq Khan said of the amount of sewage pumped into the River Thames last year. But it took more than the Mayor of London to spur national revulsion at the state of England’s longest river. Fast forward a few months and the spotlight had fallen on the 2024 Oxford-Cambridge boat race in [...]
Bosses insist bonuses are justified for running ‘hair raising’ Thames Water May 13, 2025 Bosses at Thames Water have defended taking hefty bonus payouts as Thames Water battles to stay afloat and pollution incidents soar. Chief executive Chris Weston and Chair Sir Adrian Montague are spearheading a turnaround at the crisis-hit utility, which narrowly avoided bankruptcy earlier this year via a £3bn emergency loan from creditors. It was revealed [...]
Thames Water: KKR ‘preferred partner’ for group March 31, 2025 The firm said it had selected KKR as a preferred partner following a "detailed assessment of proposals received".
Thames Water’s finance chief quits as firm continues trying to find a buyer March 28, 2025 Thames Water’s finance boss has quit midway through a key restructuring of the heavily indebted utility giant. Chief financial officer Alastair Cochran told the firm that he was stepping down on Friday morning. His sudden departure comes as Thames Water continues to try to find a buyer for the company to help steady its finances. Thames Water is England’s biggest water firm, with about [...]
Yorkshire Water forced to pay out £40m after ‘serious failures’ March 20, 2025 Yorkshire Water will have to pay out a £40m “enforcement package” to address a series of “serious failures” in its maintenance of sewage networks. The water supplier will pay out £36.6m over the next five years after the water watchdog Ofwat found repeated failures to properly invest in infrastructure. Environmentally sensitive areas will be targeted [...]
The Capitalist: Feisty wonks, the Tooth Fairy and a CEO under citizen’s arrest March 20, 2025 Wonks at the CPS get feisty, the Tooth Fairy cuts costs and a CEO under citizen's arrest; catch up on the latest drama in The Capitalist.
Thames Water says it has received six takeover offers March 18, 2025 Thames Water has said it has received six takeover offers and hopes to agree a deal by the end of June. The offers come in response to an equity raise process launched by the UK’s biggest water supplier last summer. Crisis-hit Thames Water has been battling to stave off nationalisation amid debts of more than [...]
Thames Water: Challenge to £3bn emergency loan dismissed by Court of Appeal March 17, 2025 An appeal against a £3bn rescue package for Thames Water has been dismissed following a three-day hearing last week. The Court of Appeal’s ruling on Monday averts the possibility of the UK’s biggest water supplier being placed into special administration (SAR). But critics argue the £3bn emergency loan from a group of Class A creditors [...]
Thames Water: Emergency loan should not have been approved, court told March 11, 2025 A £3bn emergency loan that temporarily averted Thames Water’s special administration should not have been approved, a court has been told. The Court of Appeal on Tuesday heard the terms of the agreement were “mispriced and inappropriate.” Thames Water, which serves around 16m customers in the UK, has been battling to stave off collapse amid [...]