Thames Water admits delays to environmental works
Thames Water is under investigation by Ofwat after the company admitted it will not complete more than 100 environmental schemes funded by customers. The regulator will look into whether delays to the plans mean England's largest water firm has breached its licence.
U.K.'s Water Watchdog Probes Thames Water for Delays on Environmental Improvements--Update
Thames Water committed to deliver 812 projects as part of the Water Industry National Environmental program during the period 2020 to 2025. However, the company alerted the regulator and the U.K.'s Environment Agency that it will be unlikely to deliver more than 100 of these environmental improvement programs on time, by March 31.
Thames Water said it asked that the U.K.'s water regulator Ofwat to refer its price review decision for the next five years to the country's competition watchdog.
(Bloomberg) — One of the rescue bidders for Thames Water has written to the High Court in London questioning the feasibility of finding new equity for the beleaguered utility by April. Covalis ...
Thames Water should be placed into administration as plans to restructure the struggling utility are a “poor short-term fix” and a “bridge to nowhere”, an MP’s barristers have told the ...
Thames Water, the beleaguered UK utility that has been struggling with mismanagement for years, is set to ask a London court to approve a plan that would see it borrow as much as £3 billion ($3.7 ...
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Britain's largest water company Thames Water is seeking court approval for up to $3.7 billion of emergency funding to prevent the cash-strapped firm from falling into government administration.
Britain's biggest water company could run out of money in just six weeks, the High Court has been told. Thames Water has applied to a judge to approve its plans to secure a £3billion cash loan ...
Thames Water will likely end up paying around £200 million ($250 million) to advisers by the middle of this year, as the firm looks to find an equity investor and cut its liabilities. The ...
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. More of Europe’s riskiest corporate debt is on track to default in 2025 than in any year since the global ...
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