Ofwat hits ailing Thames Water with £40m fine over dividend payment
Saturday, 1 June 2024 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.
"Livid" activists have responded to a court ruling which will see Thames Water given a £3bn rescue loan. Liberal Democrat MP, Charlie Maynard, who brought a public interest claim into court, said he would seek to appeal the decision which he said was "not in the public interest".
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