Crisis-Hit Thames Water has launched an offer to invoice its customers more over the next five years than the industry regulator will not allow it, arguing that it has been treated unjustly. The biggest British household supplier, who is in a battle for survival, because he faces a heap of debt of 19 billion pounds … Read more
Thames Water is the subject of a survey on late delivery of environmental improvement systems, the industry regulator announced. Ofwat said the case of application against the company, currently fighting to guarantee its financial future in the midst of a heap of 19 billion pounds sterling, aimed to determine whether it had violated its legal … Read more
KKR, one of the largest investors in investment in the world, advances the plans to play a crucial role in the dry of the largest British water supplier. Sky News has learned that KKR, who manages assets of more than $ 600 billion, hired investment bankers and lawyers to help formulate a plan to inject … Read more
Thames Water will request the approval of the High Court for a rescue plan of 3 billion pounds sterling during a four -day hearing from the Royal Courts of Justice on Monday. The indebted utility requests the approval of a judge for a restructuring plan centered on an emergency loan, he says that he must … Read more
As January progresses, many people may still be focused on their New Year’s resolutions, with some aiming to lose a few extra pounds earned during the holiday season. So, if you’re among those looking to lose weight, could a crisp, refreshing glass of sparkling water be the secret to achieving your goals? A study published … Read more
Millions of Britons living in freshwater areas could face a much higher risk of developing dementia from tap water, a new study suggests. A groundbreaking study suggests that 27 million people – representing 40 per cent of the UK population – could be at increased risk of degenerative brain disease because their drinking water contains … Read more
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 has won court approval to proceed with the next phase of securing a £3 billion emergency loan, with a hearing to seek approval from creditors scheduled for four days in the first week of February. The troubled utility told the High Court that without the loan it would run out of cash by … Read more
This is a crucial week for the water industry. Regulator Ofwat will make its “final determination” on Thursday on how bills will rise over the next five years. Before that, Britain’s largest company Thames water hopes to gain court approval for a £3bn bridging loan to avoid running out of cash in the spring. Together … Read more
Thames Water has revealed a 40% increase in sewage spills while warning that a looming decision on what it can charge its customers is “fundamental to our future”. The UK’s biggest supplier, which is struggling to avoid the prospect of a special administration amid massive debt, has always maintained that the regulator’s decision on its … Read more