Apr 23, 2024, 4:45 PM
Mar 28, 2024, 12:00 AM

Despite the threat of collapse, Thames Water is planning shareholder payouts

The Telegraph
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Source
Thames Water plots £2bn shareholder payouts despite threat of collapse

Troubled supplier plans to hand out rewards as it seeks to raise household bills. Thames Water is facing threat of collapse despite threat of £2bn share price collapse. Troubled water supplier wants to raise bills by raising household bills in bid to boost profits. Company set to pay out £1bn to shareholders and £1.5bn to customers.

Yahoo! News
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Source
Thames Water could raise bills to £627 a year to help fix leaks

Thames Water could raise bills to £627 a year to help fix leaks. Embattled water supplier promises to invest up to £3bn more over the next five years. Company promises to raise bills by £627 per year to fix leaks in five-year period. Thames Water says it will invest £2bn more in five years to tackle leaky water supply.

The Guardian
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Source
Thames Water could raise bills to £627 a year to help fix leaks

Thames Water could raise bills to £627 a year to help fix leaks. Embattled water supplier promises to invest up to £3bn more over the next five years. Company promises to raise bills by £627 per year to fix leaks in five-year period. Thames Water says it will invest £2bn more in five years to tackle leaky water supply.

The Telegraph
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Source
Thames Water plots £20bn spending spree amid race to avoid collapse - latest updates

Thames Water plans to spend nearly £20bn fixing leaks and spills under new business plan. New business plan sent to regulators has been drawn up by Thames Water bosses. Thames Water will spend nearly £20bn on fixing leaks, spills and leaks under new plan.

Daily Mail
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Source
BUSINESS LIVE: Thames Water ups green spend; Asda profits top £1bn

Thames Water, Asda, Mobico, Hornby, Tyman and Hipgnosis Songs Fund among companies with reports and trading updates. Asda profits top £1bn; Asda makes £1.2bn in first half of the year. Thames Water and Asda among those with reports to be published today.

Yahoo! News
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Source
Thames Water Lenders Face 40% Losses If It’s Nationalized

Some lenders to Thames Water could face losses of as much as 40% in the event that it ends up being nationalized by the UK government. The highly indebted water utilit. London-based water company is in the midst of a financial crisis in the U.S.

Yahoo! News
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Source
Hedge Funds Including Millennium Are Shorting UK Water Companies

Hedge funds including Millennium Management and Arrowstreet Capital are shorting the assets of UK water companies. The crisis at Thames Water spotlighted high debt levels across the industry. The debt levels of Thames Water have been highlighted by a crisis at the company's London office in recent weeks.

The Guardian
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Source
Indebted Thames Water to ask markets for rescue funding

Thames Water to ask markets for rescue funding. Board to release turnaround proposals on Friday amid uncertainty over future of firm. Thames Water will ask markets to ask for funding from financial markets. Board will release turnaround plans on Friday at the end of the week. Thames will be looking to find a way to avoid collapse of Thames Water's finances.

Bloomberg
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Source
Thames Water Given June 12 Deadline to Gain Regulator’s Backing

Thames Water Ltd. given June 12 deadline to gain regulator's backing for £2.5 billion ($3.1 billion) business plan. Thames Water has until June 12 to gain the support of both the regulator and its shareholders. The plan is designed to tackle chronic leaks and sewage spills.

Daily Mail
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Source
Thames Water spends millions a week on consultants and bankers

Thames Water and its lenders are spending millions a week on management consultants and bankers. The struggling utility company is facing a cash crisis at the struggling utility. Thames Water is spending millions of pounds a week in cash crisis. The company's lenders and management consultants are also spending millions each week.

The Guardian
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Source
What now for Thames Water as investors turn off the taps?

Calls growing for Thames Water to be taken into public ownership. £500m of emergency funding has been withdrawn from the company. Calls are growing for the stricken company to be put in public ownership of Thames Water. Thames Water has been hit by a string of financial problems in recent years.

GB News
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Source
Ben Leo slams Thames Water as investors pull funding: 'NO sympathy for water companies!'

Ben Leo slams Thames Water as investors pull funding: 'NO sympathy for water companies!' GB News host Ben Leo has been left outraged at Thames Water. New reports claim shareholders have asked for regulator OFWAT to increase customer bills by 40 per cent. Comes as raw sewage spills have amounted to almost four million hours of waste in 2023.

The Guardian
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Source
Thames Water on road to state rescue amid investor standoff with Ofwat

Thames Water shareholders deny request for more money – raising prospect of nationalisation. Ofwat: Shareholders want 40% increase in bills, but regulator resists 40% rise in bills. Shareholders also want to see 40% cut in bills to avoid nationalisation of water company.

The Guardian
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Source
Thames Water investors pull plug on £500m of funding amid standoff with regulator

Investors pull plug on £500m of funding amid standoff with regulator. Decision increases concerns about financial future of UK’s biggest water firm. Decision also increases prospect of nationalisation and nationalisation of UK's biggest water company. Decision raises concerns about future of British water giant.

Daily Mail
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Source
Thames Water shareholders refuse £500m lifeline pleas

Thames Water shareholders will not be injecting the first £500m of funding agreed last summer. Firm's boss said bills need to climb 40% by 2030. Thames Water bosses said bills would need to rise by 40% to keep costs up. Shareholders say they will not inject £500million into the group's coffers.

Sky News
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Source
Thames Water shareholders blame Ofwat as they pull funding

Shareholders will not be injecting the first £500m of funding agreed last summer. Industry regulations make the company's business plan "uninvestible" Ofwat says it is 'uninvestable' for Thames Water. Ofwat: 'Ofwat has made the business plan uninvestible' Shareholders blame Ofwat for pulling funding from the company.

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