Thames Water secures £3bn lifeline
Thames Water: debt lifeline provides relief but challenges remain
Thames Water, Britain's biggest water supplier with 16 million customers, secured a 3 billion pound debt lifeline on Tuesday, warding off nationalisation and giving it time to sort out its finances, boosting its chances of survival.
Thames Water secures £3bn lifeline after court ruling
Thames Water has won a crucial High Court battle to secure a £3bn rescue loan, staving off the prospect of the debt-laden company coming under government control. The UK's largest water and waste company was set to run out of cash by the end of March and would have likely been placed into temporary nationalisation to keep services running.
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Thames Water only has enough cash to survive little more than five weeks. The UK’s biggest water provider ...
Crisis-hit Thames Water has launched a bid to charge its customers more over the next five years than the industry regulator will allow, arguing it has been unfairly treated. Britain's biggest ...
Thousands of Thames Water customers in London were left without water today on the same morning that Ofwat launched a new investigation into the company. Customers in Crystal Palace and the ...
Embattled Thames Water was hit by a fresh blow today after it was told by its regulator it faces the threat of multi-million pound fines after it had failed to complete more than 100 environmental ...
Thames Water is being investigated over late delivery of environmental improvement schemes, the industry regulator has announced. Ofwat said the enforcement case against the company, currently ...
The UK’s largest water company, Thames Water, is under investigation over concerns about its failure to complete a significant number of customer-funded environmental schemes. The probe ...
Thames Water is looking for a £3bn loan from creditors as it battles to stave off nationalisation. Thames Water is facing an investigation from the industry regulatory after failing to deliver ...
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Thames Water is to be investigated by the UK regulator over delays to more than 100 environmental ...
Crisis hit Thames Water was accused of being “blatantly greedy” after claiming a 35% price hike for customers was not enough. The debt-ridden supplier has launched an appeal against the ...
UK water regulator Ofwat has launched an investigation into Thames Water, after the company admitted that more than 100 of its environmental improvement schemes were running behind schedule. For ...
Thames Water is asking the competition regulator to allow it to charge customers even more over the coming years than had previously been granted. The company has already been allowed a 35% rise ...
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