Back then, water standards were even worse than they are today. You couldn’t even trust the drinking water, which would regularly fail European standards, let alone Britain’s beaches or rivers.

Last November, Ofwat blocked three water firms - including Thames, Yorkshire Water and Dwr Cymru Welsh Water - from using customer money to fund a total of £1.6m in bosses' bonuses.

These will come into force from June, meaning Thames Water’s bosses could have their bonuses blocked next month, as well as having to return any paid for the last financial year, a Government ...

The fresh equity come as part of a deal that will also see the debt owed to its holding company lenders slashed by more than half.

Thames Water has insisted it has the right to pay its executives lucrative “retention payments” for agreeing an emergency £3bn loan, setting the beleaguered utility on a collision course with ...

Thames would likely be forced into temporary nationalisation without new funding and debt restructure. The government wants to give Ofwat new powers to entirely block bonuses to chief executives and ...

The firm will support Thames Water on five lots providing interdisciplinary services throughout the AMP8 periodLONDON, Dec. 05, 2024 (GLOBE NEWSWIRE) -- TSX, NYSE:STN Stantec, a global leader in ...

The extent of issues faced by Thames Water has been revealed in a new investigation, prompting concern from industry officials and customers.. The beleagured water company has been marred by financial ...

Key moments 19 December 2024 • 4:43pm 10:31am Customers may face more price rises, warns Ofwat boss 9:26am Thames Water fined for ‘unjustified’ dividends - but bills to rise 35pc ...

It could mean that Thames Water's bonuses could be blocked as soon as next month. The ban would also be retrospective, meaning bonuses paid in the last financial year could be clawed back.

The extent of issues faced by Thames Water has been revealed in a new investigation, prompting concern from industry officials and customers.. The beleagured water company has been marred by financial ...

Thames Water and other water companies could be prevented by the industry regulator from paying any bonuses under rules due to come into effect next month. ... fail to meet acceptable standards".