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The Latest Breaking News from Thames Water

In charts: how privatisation drained Thames Water’s coffers

Decades of underinvestment and bumper dividends have left the firm debt-laden and under investigation

The Guardian - UK

United Utilities defends 'robust and prudent' finances in wake of Thames Water crisis

United Utilities recently agreed to hand more than £300m to its shareholders

Birmingham Post

Bosses at nine water firms pocketed £13million last year - while YOU face higher bills

It follows reports water firms are planning to hike household bills by up to 40% to meet costs of the sewage crisis

Daily Mirror

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Thames Water could delay accounts as turmoil in water industry grows

Firm refuses to say when it will publish annual report; pressure builds on regulator Ofwat

The Guardian - UK

Ministers must get a grip: no bailout for Thames Water’s backers

Any financial reconstruction of Thames is simple. Shareholders and bondholders are on the hook

The Guardian - UK

Water industry is 'teetering on the brink of insolvency' warns Feargal Sharkey

The Government is drawing up plans to rescue debt-ridden Thames Water, despite being owned by a wealthy foreign investors from as far afield as Canada and Abu Dhabi

Daily Mirror

Who owns Thames Water? Firm in High Court battle against administration

Company needs up to £3bn to stay afloat

Evening Standard

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The five debt-riddled water companies that regulator Ofwat is most worried about

There are fears about other companies alongside troubled Thames Water

Nottingham Post

The five water companies that regulator Ofwat is most worried about

There are fears about other companies alongside troubled Thames Water

Wales Online

England’s water companies are ‘environmentally insolvent’, study says

Firms are unable to raise £260bn to deal with sewage spillages according to researchers

The Guardian - UK

Water firms face staggering £60 BILLION debts amid Thames Water collapse threat

Emergency plans are reportedly being drawn up by the government for the collapse of Thames Water as concerns grow over the utility company’s £14billion debt

Daily Mirror

The cost of nationalising Thames Water? Nothing

City Comment: You might hate the idea of Government-owned utilities on principle. But financially, there’s no reason to object to buying back Thames Water

Evening Standard

What are the options for Thames Water as crisis talks continue?

From special administration to waiting for shareholders to bail it out, the future of the utility hangs in the balance

The Guardian - UK

Troubled Thames Water brings in veteran City ‘fixer’ as chair

Sir Adrian Montague is regarded as having a rare insight into the workings of Whitehall

Evening Standard

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The Guardian - UK

Taxpayer cash must not be used to bail out Thames Water, says Feargal Sharkey

Campaigner says firm should be brought under public control using powers in original privatisation legislation

The National (Scotland)

Thames Water crisis ‘shows Scotland right to keep water public’

THE growing crisis over Thames Water has shown "Scotland was right to keep water in public hands", the SNP say.

The Week

Why is Thames Water struggling to stay afloat?

The sudden resignation of its chief executive while the company is struggling to finance a £14 billion debt has left the government nervously preparing for the potential collapse of Thames Water.

The Guardian - UK

Thames Water appoints Sir Adrian Montague as chair; squeezed households run down savings – as it happened

Rolling coverage of the latest economic and financial news

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The Guardian - UK

Thursday briefing: How to tackle the health issues wreaking havoc on UK children

In today’s newsletter: Stunted growth, hunger and dental issues have rocketed over the last year – but experts warn the crisis is far from over

The Independent UK

What the papers say – June 29

Rising crisis at Thames Water takes centre stage on several of Thursday’s newspaper front pages.

Fortune

The biggest water company in the U.K. is also polluting its rivers. Now, it desperately needs a government rescue to turn things around

The water company has been piling up debt for years, and its old infrastructure has harmed wildlife and the environment.

The Guardian - UK

Thames Water in crisis talks over potential £10bn black hole

Minister tells Guardian government has ‘no grasp’ of cost involved in preventing possible collapse

The Independent UK

‘Concerned’ government eyes temporary nationalisation of Thames Water

England’s largest water company could be put under ‘special administration’ regime

Evening Standard

OPINION - The Leader podcast: What happens if Thames Water collapses?

Ministers said to be drawing up contingency plans for collapse.

The Guardian - UK

The wretched state of Thames Water is one of the best arguments for public ownership we have

Water privatisation in England and Wales has achieved just one thing: the enrichment of executives and overseas shareholders, says Mathew Lawrence of the thinktank Common Wealth

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