Ofwat has not given heavily indebted Thames Water the increase in customer payments it was seeking
Customer charges to increase by an average of £31 a year before inflation between now and 2030
Troubled utility seeks approval for ‘urgent’ £3bn loan from its top-ranking lenders
It’s back to the 1980s in the UK with the Royal Mail sale
Junior bondholders are planning to challenge emergency £3bn loan in court next week
Populist party’s deputy leader says heavily indebted utility should ‘be put out of its misery’
Junior bondholders to mount a rival plan as utility asks judge to sign off on restructuring
Ministers and the regulator might be close to victory in this first round of chicken
Chief executive Chris Weston says utility focused on raising debt and equity to help avert cash crunch
Dieter Helm warns biggest water utility risks a ‘slow death’ that could spread to other companies
UK investor is teaming up with French group as part of a bid for control of troubled utility
Troubled utility faces fines of £400mn by March 2027 as it tries to avoid renationalisation
Not literally, but effectively
Fees represent an additional drain on finances of troubled UK utility as customer bills are set to rise
UK regulator to block executive bonuses at companies including Thames Water because of performance issues
Mooted £3bn loan will hit customers and drain troubled utility’s resources, warn experts
Three-quarters of top ranking lenders approve expensive plan to avert cash crunch
Billionaire chief of Tesla and X looks set to take up influential adviser role in White House
Rival groups of bondholders are vying to extend loans to the troubled UK utility
Junior creditors say their financing would come with cheaper and more flexible terms
Bond issue documentation shows UK utility under pressure over high financing costs
The UK’s largest water and sewerage provider is struggling with a £19bn debt load
Decision comes after troubled UK utility reached tentative deal on £3bn of emergency financing
Thames Water stinks out the sector
Castle Water’s plans for the troubled utility include an eventual IPO
