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Thames Water

  • Friday, 27 September, 2024
    Due Diligence
    Thames Water’s liquidity dries up Premium content

    Plus, Citi leans into private credit with new $25bn partnership and a huge dividend recapitalisation tests the market

    Thames Water vehicles
  • Thursday, 26 September, 2024
    Thames Water credit rating slashed as utility races to avoid nationalisation

    S&P and Moody’s cut ratings by five notches as utility struggles to refinance

    Engineers’ vans parked at the South Woodford pumping station, operated by Thames Water, in London
  • Thursday, 26 September, 2024
    Lex
    Thames Water’s credibility is disappearing with its cash

    UK utility’s hopes of avoiding renationalisation are disappearing fast

    A maintenance engineer in an orange high-visibility suit and helmet walks towards an incident site in London. A Thames Water van is parked nearby with its rear doors open, and blue hoses are draped over the side.
  • Tuesday, 24 September, 2024
    Thames Water’s accelerating cash burn exacerbates debt woes

    Utility must extend £530mn credit facility due in two weeks to have enough cash to last into 2025

    Maintenance engineers work at a Thames Water incident site in London
  • Monday, 23 September, 2024
    Pollution
    Six English water companies accused of overcharging customers by up to £1.5bn

    Groups allegedly under-reported scale of their sewage pollution

    Members of the public attend a paddle-out protest organised by environmental campaign group Surfers Against Sewage in Falmouth, Cornwall
  • Thursday, 19 September, 2024
    Thames Water seeks extension to debt terms to avoid nationalisation

    The troubled UK utility is going to the High Court to request a deal with its creditors

    Public information signs from Thames Water on protective barriers surrounding water supply works in London
  • Thursday, 5 September, 2024
    Thames Water creditors examine cash injection to avoid nationalisation

    Lenders including US hedge fund Elliott in talks over back-up plan as UK’s largest utility struggles to raise equity

    Thames Water van
  • Thursday, 5 September, 2024
    Utilities
    UK water firms face tough market for new debt after Thames Water crisis

    Companies can expect higher borrowing costs as investors demand larger premium

    Person cycles past Thames Water signs
  • Wednesday, 28 August, 2024
    Thames Water hits back at regulator with call for further bill rise

    Utility calls for 52 per cent increase in customer bills by 2030 to fund investment

    Thames Water van with logo
  • Tuesday, 20 August, 2024
    Canadian export agency hit by Thames Water losses

    Export Development Canada has sold loans it made to UK water company at deep discounts

    Engineers’ vans parked at the South Woodford pumping station, operated by Thames Water, in London, UK
  • Wednesday, 7 August, 2024
    Thames Water agrees to increased scrutiny to avoid fine

    Struggling utility accepts greater oversight and new independent directors in lieu of regulatory penalty

    A montage of the Thames Water logo, a worker pumping water from a drain and a valve
  • Tuesday, 6 August, 2024
    Thames Water fined £104mn over sewage discharges

    Yorkshire Water and Northumbrian Water also sanctioned by regulator

    Thames Water’s Deephams Sewage Treatment Works in London
  • Thursday, 1 August, 2024
    Lex
    Thames Water has breached its licence to operate. So now what?

    For a start, the regulator must act quickly if it is to retain any shred of credibility

  • Wednesday, 31 July, 2024
    Thames Water breaches licence conditions with fresh rating downgrade

    London utility edges towards nationalisation after S&P slashes its credit status to ‘junk’

    Thames Water vans
  • Thursday, 25 July, 2024
    Infrastructure investment
    USS warns on future investments after Thames Water loss

    Pension fund says writedown of stake in troubled utility will ‘influence’ its approach

    A pedestrian passes a Thames Water vehicle in London
  • Wednesday, 24 July, 2024
    Thames Water’s credit rating slashed to ‘junk’

    Decision by rating agency Moody’s leaves London’s water supplier teetering

    Pedestrian walks past a van with Thames Water brand
  • Wednesday, 17 July, 2024
    Investors brace for £10bn of Thames Water debt falling to junk

    Loss of investment-grade status for utility’s safer debt could increase regulatory scrutiny and flood high yield market with bonds

    A pedetsrtain walks past a Thames Water vehicle
  • Tuesday, 16 July, 2024
    Utilities
    It’s time to pull the plug at Thames Water

    The board has failed to deliver — bring in the Special Administrators

  • Friday, 12 July, 2024
    Explainer
    How bad is the crisis at Thames Water?

    Bills are rising across the country and the UK’s biggest water company is in special measures

    Montage of Thames Water logo, a worker from Thames Water pumping water from a drain
  • Thursday, 11 July, 2024
    Thames Water faces break-up threat under new Ofwat measures

    Regulator signs off on limited increase in household bills across the country

    Thames Water vans parked on a road in London
  • Wednesday, 10 July, 2024
    UK infrastructure
    UK plans to put failing water companies into ‘special measures’

    Proposals come as South East Water warns it needs investors to put more money into the business

    Surfers hold banners in a protest against water pollution
  • Tuesday, 9 July, 2024
    Thames Water chief defends bonus amid plan for hefty bill increases

    Struggling utility appeals to regulator Ofwat to approve new business plan

    A rear view of a Thames Water worker with the company logo on the back of his high-visibility top
  • Thursday, 4 July, 2024
    Markets InsightSachin Khajuria
    The tipping point for UK water

    A serious reset led by the next government is vital for an industry that delivers this human necessity

    Engineers’ vans parked at the South Woodford pumping station, operated by Thames Water, in London
  • Friday, 28 June, 2024
    Thames Water warns ageing assets pose ‘risk to public safety’

    Supplier to London and southern England says £19bn of assets are failing as Ofwat weighs approving increase in bills

    Mogden sewage treatment works, the third largest in the UK
  • Monday, 24 June, 2024
    Labour does not want to nationalise Thames Water, says shadow minister

    Possible collapse of utility is among crises facing the party should it form the next government

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