But the water industry does not seem to operate in such a market. When a firm gets into difficulty, as Thames Water has done, it seeks to put up prices or expects the Government to bail it out.

London is at risk of being swamped by burst pipes and sewage leaks if Thames Water is forced into an emergency nationalisation later this month. Insiders have expressed growing concerns that ...

Thames Water has staved off the immediate threat of nationalisation after a £3bn emergency loan was approved by the High Court. The decision to approve the controversial restructuring package has ...

Private equity investor KKR & Co. is offering about £4 billion ($5 billion) to take control of the U.K.'s struggling Thames Water utility in a management-led buyout, according to a person ...