vows questions fund thames planning pay failures responsible firm customers spills 40m 158m dividend company investigation report amid morning rising failings majority targets meet failing resilience threat cymru surge leaks

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Southern Water rows back on plans to pay out £275m in dividends
2 months, 2 weeks ago

Southern Water rows back on plans to pay out £275m in dividends

The Telegraph  

Southern Water no longer plans to hand out £275m in dividends after claiming the payments are not “appropriate”. The reversal comes after Southern Water’s initial business plan, which is still available on its website, listed annual dividend payments between 2025 and 2030. “This is in addition to the £1.6bn already injected by shareholders since 2021 – more than any dividends …

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Water suppliers brace for £2bn in sewage fines
4 months ago

Water suppliers brace for £2bn in sewage fines

The Telegraph  

Britain’s troubled water sector is facing the threat of £2bn in penalties over the next five years, as regulator Ofwat attempts to crack down on sewage failings. A report by the ratings agency Moody’s has predicted that tougher rules on pollution will spark a flood of regulatory fines, burdening many businesses already struggling to stay afloat. In Moody’s latest assessment …

Troubled water company warns of 44% increase in bills
8 months ago

Troubled water company warns of 44% increase in bills

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Thames Water, which is battling to survive amid a funding …

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Fears that customers' Thames Water bills could surge by 44 percent as troubled water company admits it needs £1.1billion more than it thought to fix sewage spills and leaks
8 months ago

Fears that customers' Thames Water bills could surge by 44 percent as troubled water company admits it needs £1.1billion more than it thought to fix sewage spills and leaks

Daily Mail  

There are fears that customers' Thames Water bills could surge by 44 per cent as the troubled water company unveiled new plans to boost spending. The utility giant - Britain's biggest water firm, with 16 million customers in London and the Thames Valley region - said its new business plan for the five years to 2030 would see spending rise …

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Raising bills to pay for Thames Water failures ‘utterly outrageous’, says Hunt
8 months, 1 week ago

Raising bills to pay for Thames Water failures ‘utterly outrageous’, says Hunt

The Telegraph  

Jeremy Hunt has said that it would be “utterly outrageous” for Ofwat to grant Thames Water’s demands for higher household bills as it faces potential insolvency. The Chancellor said shareholders in the embattled utility company had “an obligation to sort out the mess”, when asked whether they had a duty to inject more cash into the business. Speaking at a …

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Thames Water crisis explained as utility giant serving 15m people faces collapse
1 year, 5 months ago

Thames Water crisis explained as utility giant serving 15m people faces collapse

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. He told Sky News: “Absolutely nothing is going to happen …

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Thames Water taps investors for cash as it boosts overhaul plans
2 years, 5 months ago

Thames Water taps investors for cash as it boosts overhaul plans

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Thames Water is making a …

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