payment

Thames Water fined £18m by Ofwat for breaching shareholder payment rules | Money News Aitrend

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Thames Water fined £18m by Ofwat for breaching shareholder payment rules | Money News Aitrend

The UK’s largest water company has been fined £18.2m for “unjustified” dividends which the regulator said broke shareholder payment rules. Thames water has been hit with a penalty by water regulator Ofwat over £195.8 million in dividends paid in October 2023 and March 2024. This is the first time Ofwat has used such enforcement powers … Read more

Thames Water creditors fail to veto payment of fines | Money News Aitrend

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Thames Water creditors fail to veto payment of fines | Money News Aitrend

Thames Water’s largest group of creditors has failed to secure a veto over whether a £3bn emergency cash injection would be used to settle regulatory fines imposed over a series of breaches in terms of environment and performance. Sky News can reveal a clause stipulating the company’s A lenders – who account for well over … Read more