Thames Water crisis: CEO quits and Whitehall draws up collapse plans June 28, 2023 Thames Water, whose CEO quit yesterday, is reported to be tapping shareholders for a cash injection, prompting Whitehall to plan for a potential collapse
Thames Water chief executive Sarah Bentley resigns in shock departure June 27, 2023 Sarah Bentley has stepped down from her role as chief executive of Thames Water with immediate effect after three years in the job. The UK’s largest water supplier confirmed her departure today, including her exit from the board – with the shock departure simply the latest twist at the troubled company. Thames Water has gone [...]
South West Water facing Ofwat probe into leakage data accuracy May 23, 2023 The water watchdog is set to probe the accuracy of leakage data from one of England’s biggest providers. Ofwat will investigate South West Water (SWW) over the accuracy of its information on water consumption and leakages, in the wake of an apology from firms over sewage issues. Owned by the FTSE 100 listed Pennon Group, [...]
Critics pour cold water on sewage companies’ apology for spills May 18, 2023 Critics have poured cold water on sewage companies apologising for spills as they prepare to invest £10bn in modernisation. The bid to clean up Britain’s waters comes in the wake of campaigning from environmental activists and locals over the scale of sewage spillages from big water companies. Water UK, the industry membership body, yesterday announced [...]
Ofwat £11m enforcement boost branded ‘drop in the ocean’ by sewage campaigners May 16, 2023 An £11m funding boost for water regulator Ofwat to help it take action against polluting water companies has been branded a “drop in the ocean” by a campaign group, who argued more was needed to address the scale of the problem. Ofwat said the funds, which would be provided by a future hike to the [...]
Sewage scandal: Ofwat demands water companies get their house in order April 4, 2023 Ofwat wants to fast-track £1.6bn of investment in the water industry, and require water companies to speed up delivery of new schemes.
Water suppliers will face unlimited fines for sewage dumping, Coffey confirms April 3, 2023 Water suppliers are set to face unlimited fines for sewage dumping in the government's latest action plan to crack down on poor performance.
Ofwat and the Environment Agency must have the willpower to fix the water industry March 20, 2023 The heads of both leading watchdogs for the water industry were grilled in Parliament last week by MPs, amid concerns over sewage leaks.
Thames Water drafts in advisors to tackle £14bn debt pile March 12, 2023 Thames Water has been forced to draft in advisors to evaluate its financial situation, amid growing concerns that the group will not be able to fix its £14bn debt mountain. According to reports in Sky News, the UK’s biggest water supplier has drafted in investment bankers from Rothschild, and the law firm Slaughter & May to [...]
Water firms ordered to strengthen supply plans by Ofwat or have their profits slashed March 2, 2023 Ofwat has demanded water companies toughen up their plans to secure reliable water services in the coming decades.
