UK moves to protect investments in water firms in case they go bust January 25, 2024 Thames Water's group debt pile stands at £18.bn
Ofwat is hiring a £70,000 media chief. The key skill? Crisis communications January 11, 2024 The embattled water regulator is hiring a head of media relations to lead its communications efforts – with the right candidate an expert in ‘crisis communications.’ Ofwat has been criticised by campaigners and politicians alike for the sorry state of the nation’s water infrastructure. The right candidate will have the “ability to rapidly brief on [...]
London’s new Super Sewer may sound swell, but it’s a shoddy waste solution January 11, 2024 Sure, the Super Sewer is an upgrade from the current situation. But the opportunity to redesign London’s sewers in a future-thinking fashion has for the next century been thrown away.
Eton: Thames Water sewers flood as £46,000-a-year school forced to delay term January 10, 2024 Thames said “recent heavy rainfall, along with high groundwater levels and river flooding, caused our local sewer system to overload.
Shellfish and shit: How sewage is soiling towns like Whitstable January 5, 2024 As water companies wash their hands of responsibility for sewage spillages, a swimmers’ coalition SOS Whitstable is fighting back...
Thames Water: Fresh blow as major investor takes £600m writedown January 3, 2024 The decision was “probably difficult but necessary” according to Tim Whittaker, director at Edhecinfra, a research institute and data provider, as reported by the FT.
Top business disasters of 2023: City A.M. reflects on the biggest corporate mishaps of the year December 30, 2023 Here at City A.M., we’re taking some time to reflect on some of the biggest c*ck-ups in business in the last 12 months.
Thames Water chiefs: We can’t turn around this company in one go December 5, 2023 Thames Water bosses have warned that turning around the embattled utility firm will “take time” and it would be impossible “to do everything that our customers and stakeholders wish to see at a pace and for a price that everyone would like.” The company issued this statement alongside its half-year results, which showed a 54 per [...]
Thames Water could face government inquiry amid bankruptcy warning December 3, 2023 A potential Parliamentary inquiry is to be added to the seemingly ever-growing list of financial and operational problems at Thames Water. The Financial Times reported this weekend that the bedraggled utilities provider may be called in front of MPs once more to verify aspects of its accounts that came to light last week. In July, [...]
Regulator warns Thames Water must ‘address shortcomings’ as debt spirals to £18bn December 1, 2023 Thames Water has been told to "address their operational shortcomings" by the regulator after it emerged its owners had piled on more debt.