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Thames Water will "take at least a decade to turn around", its boss has said, as the struggling company posted huge annual losses. Thames reported a loss of £1.65bn for the year to March, in ...
As the largest water utility by far, Thames had to pick up 90% of the tab or $122.7 million after their performance was assessed against annual targets for 2022 to 2023 and found "seriously wanting." ...
Bosses at the largest water firm in the UK, Thames Water, have been told by an Oxfordshire and other MPs to get back bonuses given earlier this year.
Thames Water has been pushed into the choppy waters between Scylla and Charybdis: The UK utility faces two expensive rescue packages offered by rival groups of creditors. The only leverage the ...
British lender Barclays is selling Thames Water debt worth 236 million pounds ($319.9 million), Bloomberg News has reported, amid concerns the struggling water utility could be placed into special ...
Since privatization, water companies have invested more than £230 billion into the water and sewage system, with about £100 billion contributed by debt and equity investors, according to Ofwat.
Barclays Plc is selling £236 million ($320 million) of Thames Water debt as the struggling water operator is locked in talks ...
U.K. utility Thames Water said it selected KKR KKR -2.75% as preferred partner for an equity raise to help it deal with its debt pile, but warned that bondholders might have to take losses under ...
LONDON (Reuters) -Thames Water suffered a major setback in its fight to avoid nationalisation on Tuesday as it said U.S. private equity firm KKR had pulled out of a multi-billion pound rescue plan.
(Reuters) - U.S. private equity group KKR has offered nearly 4 billion pounds ($5 billion) to Britain's Thames Water for a majority stake in the utility, Bloomberg News reported on Wednesday ...