Thames Water

UK water company

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Thames Water Utilities Ltd, trading as Thames Water, is a British private utility company responsible for the water supply and waste water treatment in most of Greater London, Luton, the Thames Valley, Surrey, Gloucestershire, north Wiltshire, far west Kent, and some other parts of England. Like other water companies, it has a monopoly in the regions it serves.

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Thames Water seeks court approval for emergency bailout Thames Water is seeking High Court approval today for a £3bn emergency loan to keep the troubled utility afloat, in a crucial 48-hours for the company and the industry. Sky News - Published 1 week ago
Thames Water reveals spike in sewage spills Thames Water has revealed a 40% spike in sewage spills while warning that a looming decision on what it can charge customers is "fundamental to our future". Sky News - Published 2 weeks ago
'Uninvestable' Thames Water receives buyout offer from Covalis Capital The UK's biggest water provider has received another bid, despite having declared itself "uninvestable". Sky News - Published 2 weeks ago

Thames Water backers urge rivals to join £1.5bn plan The group of financial heavyweights offering Britain's biggest water supplier a £1.5bn lifeline is calling on the company's other backers to accept the plan in a last-ditch bid to save the utility. Sky News - Published on November 4, 2024
Carlyle joins list of possible Thames Water rescue backers Carlyle, the American investment giant, has become the latest global fund to weigh an investment in Thames Water as the stricken utility races to avoid being nationalised. Sky News - Published on September 28, 2024
Thames Water's downward spiral is accelerating as it gets closer to the plughole Like an emptying bath, Thames Water's downward spiral is accelerating as it gets closer to the plughole. Sky News - Published on September 27, 2024

Thames Water boss 'untroubled' by prison threat - and says he can save company The chief executive of Thames Water has insisted he can rescue the debt-laden utility, which faces running out of cash in months if it cannot raise fresh equity. Sky News - Published on September 5, 2024
Thames Water reveals when its cash could run dry Crisis-hit Thames Water has warned its cash is at risk of running dry by the end May next year due to a lack of new investment, forcing it to prepare a plan for its lenders. Sky News - Published on July 9, 2024
Ofwat hits ailing Thames Water with £40m fine over dividend payment Britain's biggest water company has been told it faces a fine of more than £40m over the payment of a shareholder dividend in spite of its poor performance. Sky News - Published on June 1, 2024
Thames Water tells hundreds of people not to drink tap water Hundreds of people living in a village in Surrey have been warned not to drink tap water after tests carried out by Thames Water. Sky News - Published on May 31, 2024

Thames Water investors to quit boards amid spectre of bailout Representatives of Thames Water's multinational syndicate of shareholders are poised to quit as directors of its corporate entities after refusing to inject the billions of pounds of funding required.. Sky News - Published on May 15, 2024
Thames Water crisis deepens as holding company defaults on debt The crisis enveloping Thames Water has deepened after its holding company announced it had defaulted on its debt. Sky News - Published on April 5, 2024
Dutch bank ING is key lender to Thames Water parent as cliff-edge looms The Dutch banking giant ING has been thrust into a pivotal role in determining the future of stricken Thames Water's parent company amid growing expectations that lenders will agree a loan extension.. Sky News - Published on April 4, 2024	Thames Water boss refuses to rule out bill increases of up to 40% to secure company's future The chief executive of Thames Water has refused to rule out bill increases of up to 40% for customers as the troubled company tries to secure its future. Sky News - Published on March 28, 2024
Thames Water shareholders blame Ofwat as they pull funding Shareholders in troubled Thames Water have blamed Ofwat for not giving the "regulatory support" needed to help the company's turnaround plan. Sky News - Published on March 28, 2024	Thames Water directors hold crunch talks over utility's future The board of Thames Water was locked in crunch talks on Wednesday as shareholders prepare to dilute a pledge to inject funds into the company that would secure its survival. Sky News - Published on March 27, 2024
Thames Water lenders hire EY as debt deadline looms A group of lenders to Thames Water's parent company have engaged advisers weeks before a £190m debt held by Britain's biggest water utility falls due. Sky News - Published on March 15, 2024	Thames Water to be investigated over dividend payments Thames Water has been asked to explain a £37.5m dividend payment made to a parent company. Sky News - Published on December 5, 2023
Thames Water reveals leap in pollution incidents Thames Water has revealed an 18% rise in pollution incidents during the first half of its financial year. Sky News - Published on December 5, 2023	'Major incident' declared after supply issue leaves thousands without water Thousands of people were left without water on Sunday due to an issue at a Thames Water treatment works. Sky News - Published on November 5, 2023
300 jobs at risk at UK's largest water company The UK's largest water company, Thames Water, has said around 300 of its jobs could be cut. Sky News - Published on November 2, 2023	Large swathes of west London left without water after power supply problem Thousands of homes in west and southwest London have been left with low pressure or without water, Thames Water says. Sky News - Published on September 13, 2023
'Unfortunate truth': Thames Water boss warns bills will have to go up A boss at troubled Thames Water has warned that bills will have to go up across the country if the industry is to meet its investment challenges despite anger over its business models . Sky News - Published on July 12, 2023	Thames Water secures additional £750m from shareholders in race to avoid nationalisation Thames Water says it has secured a commitment for an additional £750m investment by shareholders, as the debt-laden company races to avoid the possibility of being placed in temporary public.. Sky News - Published on July 10, 2023
Thames Water races to secure investor backing ahead of delayed accounts Britain's biggest water company is this weekend corralling its shareholders to support a major capital injection as it prepares to publish delayed annual accounts. Sky News - Published on July 8, 2023	Thames Water fined more than £3m over sewage spill that turned rivers black Thames Water have been fined more than £3m after admitting polluting rivers. Sky News - Published on July 4, 2023
Customers told 'nothing will happen' with bills following Thames Water concerns Thames Water customers have been assured that "absolutely nothing" will happen to their bills or supply, as the heavily indebted firm scrambles to raise cash from investors to prevent its collapse. Sky News - Published on June 29, 2023	Government 'prepared for range of scenarios' amid fears of Thames Water collapse The government said it is prepared for a range of scenarios amid fears Britain's biggest water company could collapse. Sky News - Published on June 28, 2023
From privatisation to profits: How providing clean water became a murky business The revelation that ministers are considering bringing Thames Water into temporary public ownership has reopened the fierce debate over the privatisation of the country's water industry. Sky News - Published on June 28, 2023	Ministers weigh contingency plan for collapse of Thames Water The government has begun drawing up contingency plans for the collapse of Thames Water amid growing doubts in Whitehall about the ability of Britain’s biggest water company to service its £14bn.. Sky News - Published on June 27, 2023
Thames Water boss quits with immediate effect The chief executive of London's water provider has resigned with immediate effect after criticism of her £1.6m pay packet and the company's environmental performance. Sky News - Published on June 27, 2023	Homes flooded after water mains burst in north London Thames Water has apologised for "the flooding and distress" caused by a burst pipe in north London that forced several homes to be evacuated. Sky News - Published on December 17, 2022
Hosepipe ban for 15 million people lifted Thames Water is lifting the hosepipe ban it imposed in the summer. Sky News - Published on November 23, 2022	Thames Water hosepipe ban comes into force - affecting millions of people A hosepipe ban for 15 million Thames Water customers has come into effect. Sky News - Published on August 23, 2022
Thames Water says hosepipe ban to start next week A hosepipe ban for Thames Water customers will start on 24 August due to "unprecedented weather conditions". Sky News - Published on August 17, 2022	Water executive can't rule out ramping-up customer restrictions if UK suffers another dry winter A senior Thames Water executive has told Sky News that the company can't rule out bringing in more restrictions for customers if the UK suffers another dry winter. Sky News - Published on August 10, 2022