US EditionThames Water still in ‘crisis mode’ as turnaround set to take a decade
- An independent report led by Jon Cunliffe could lead to stricter regulations on Britain's water industry due to years of illegal pollution.
- Thames Water reported a pre-tax loss of £1.65 billion and over 470 pollution incidents, reflecting serious issues within the company.
- Thames Water has been criticized for substantial dividend payouts despite its financial struggles, highlighting the need for investment from shareholders, not customers.
- Thames Water faces potential nationalization due to ongoing financial instability and is negotiating a rescue funding deal with senior creditors.
13 Articles
13 Articles
In Britain, hopes are mounting to finally clean up sewage-polluted waterways
After years of polluting by the water industry, a report planned for release in the coming days could lead to tightened regulation while also prompting an expensive modernization drive.(Image credit: Andy Soloman)
Thames Water remains in ‘crisis mode’ - London Business News
The UK’s largest water company remains in “crisis mode” and it will take “at least a decade” for Thames Water to turn the business around. Thames Water is heavily in… The post Thames Water remains in ‘crisis mode’ appeared first on London Business News
Thames Water turnaround ‘will take at least a decade’, chief executive states
Thames Water has revealed a complex financial landscape in its annual results for the year ending 31 March 2025, with its chief executive saying “it will take at least a decade to turn [the business] around”. The post Thames Water turnaround ‘will take at least a decade’, chief executive states appeared first on New Civil Engineer.
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