Tag #Thames Water

Showing 49 to 60 of 61 results

theguardian.com
🌐 85% Global Worthiness
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Thames Water Avoids Collapse with £3bn Bailout

A London court approved a £3bn debt rescue package for Thames Water, Britain's largest water company, averting immediate collapse but leaving long-term financial sustainability in question, prompting debate over public ownership.

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44% Bias Score

Clean Water and Sanitation
euronews.com
🌐 85% Global Worthiness
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UK Judge Averts Thames Water Nationalization with £3 Billion Rescue Loan

A UK judge approved a £3 billion rescue loan for Thames Water, Britain's largest water company, averting a potential government takeover and ensuring continued water service to 16 million customers in London and surrounding areas, while also approving a 35% increase in water bills over the next five...

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44% Bias Score

Clean Water and Sanitation
theguardian.com
🌐 75% Global Worthiness
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Thames Water Appeals for Higher Bill Increases

Thames Water, facing financial collapse, is appealing to the CMA for permission to raise customer bills by more than the 35% approved by Ofwat for 2025-2030, citing insufficient funds for infrastructure improvements despite criticism from campaigners and a Liberal Democrat MP who advocates for speci...

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60% Bias Score

Clean Water and Sanitation
news.sky.com
🌐 85% Global Worthiness
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KKR Explores Billions-Pound Rescue of Debt-Ridden Thames Water

KKR, managing over $600bn in assets, is considering a multi-billion pound equity investment in Thames Water, Britain's largest water supplier, which is struggling under £19bn of debt and faces potential nationalization due to a legal battle between creditor groups; a hearing at the High Court will d...

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60% Bias Score

Clean Water and Sanitation
theguardian.com
🌐 85% Global Worthiness
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Thames Water Seeks £3bn Bailout Amidst Downgrade and Potential Nationalisation

Thames Water, burdened by a £15bn debt and facing potential collapse, is seeking £3bn in emergency funding; Moody's downgraded its debt rating, and the UK government is preparing contingency plans including special administration.

Progress

48% Bias Score

Clean Water and Sanitation
theguardian.com
🌐 75% Global Worthiness
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Thames Water Faces £18.2m Penalty and 35% Bill Hike for Dividend Rule Breaches

Ofwat imposed an £18.2 million penalty on Thames Water for dividend rule breaches, necessitating a 35% customer bill increase by 2030, impacting 16 million customers and setting a precedent for stricter regulatory oversight within the water industry.

Progress

40% Bias Score

Clean Water and Sanitation
news.sky.com
🌐 85% Global Worthiness
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Thames Water Secures £3 Billion Loan to Avoid Collapse

The High Court approved a £3 billion loan for Thames Water, the UK's largest water company, preventing its imminent collapse and averting nationalization; however, the loan includes significant fees and a high interest rate, and its success depends on a debt restructuring plan.

Progress

40% Bias Score

Clean Water and Sanitation
theguardian.com
🌐 75% Global Worthiness
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UK Water Companies Challenge Regulator's Bill Increase Limits

Anglian Water and South East Water appealed Ofwat's decisions on their 2025-2030 business plans, requesting higher bill increases to fund necessary infrastructure upgrades and address water security concerns, citing Ofwat's approved increases as insufficient.

Progress

48% Bias Score

Clean Water and Sanitation
theguardian.com
🌐 85% Global Worthiness
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Thames Water Faces £18.2m Penalty for Unjustified Dividends Amidst Conflict of Interest Concerns

Thames Water, facing bankruptcy, paid £195.8 million in dividends, resulting in an £18.2 million penalty from Ofwat due to a suspected conflict of interest involving chair Sir Adrian Montague, who held positions at both Thames Water and its parent company; government officials raised concerns prior ...

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56% Bias Score

Clean Water and Sanitation
bbc.com
🌐 85% Global Worthiness
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Thames Water Seeks £3bn Bailout to Avoid Nationalisation

Facing insolvency in four weeks, Thames Water seeks a £3bn emergency loan; failure risks nationalisation costing £2bn yearly, highlighting issues with regulation, shareholder practices, and aging infrastructure.

Progress

44% Bias Score

Clean Water and Sanitation
dailymail.co.uk
🌐 85% Global Worthiness
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Ofwat Caps Thames Water Bill Increase, Jeopardizing Rescue Plan

Facing financial crisis, Thames Water's request for a 59% customer bill increase was capped at 35% by Ofwat, jeopardizing its £6 billion rescue plan and prompting a potential taxpayer bailout; the company was also fined £18.2 million and faces a £131.3 million dividend clawback.

Progress

48% Bias Score

Clean Water and Sanitation
dailymail.co.uk
🌐 75% Global Worthiness
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"Reeves Vows to Cut UK Government Spending by 5% Amidst Challenges"

"UK Chancellor Rachel Reeves announced a plan to cut government spending by 5% by 2029 to combat waste, but this is challenged by a recent £22 billion NHS allocation without productivity demands and potential Civil Service resistance."

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64% Bias Score

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Showing 49 to 60 of 61 results