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There are fears that if Thames Water collapses, Labour will have no choice but to step in and temporarily renationalise the company at an estimated cost of £38bn to the taxpayer. This includes ...
A Thames Water spokesman previously said the company’s board remains “focused on turning round the business” and that it has a “robust plan that we are confident delivers on this objective”.
Investors in Thames Water have agreed to put an extra £750 million ($962 million) of equity funding into the troubled utility to hold off a temporary takeover by the government. The amount is ...
The UK's largest water and wastewater services company, Thames Water is responsible for an extensive water management infrastructure which includes the Thames Water Ring Main around London, one of Europe's largest wastewater treatment works and the UK's first large-scale desalination plant—both at Beckton in east London—and the £4.2 ...
In June 2023, Montague was appointed as chair of the Board at Thames Water and its parent company Kemble Water. [7] His appointment came amid scrutiny on the financial stability of the water company. [7] In February 2024, Montague resigned as chair from Kemble Water but retained his position at Thames Water. [8]
In 1989 the Thames Water Authority was partly privatised, under the provisions of the Water Act 1989 [3] with the water and sewage responsibilities transferring to the newly established publicly quoted company of Thames Water, and the regulatory, land drainage and navigation responsibilities transferring to the newly created National Rivers Authority which later became the Environment Agency.
Lawyers for Thames Water Utilities Holding Ltd (TWUH), one of the companies which form Thames Water Group (TWG), told the court that creditors holding more than 75% of its Class A debt – the ...
The government is scrambling to put together a plan to rescue Thames Water over increasing fears the company is set to go bust.. The utility giant is struggling under a £14 billion debt pile it ...