Ofwat chief executive David Black said: “We are clear that Thames Water needs to remedy its licence breach, turn around its operational performance, and secure backing from investors to restore its ...

The UK's biggest water company has been fined £18.2m for "unjustified" dividends which the regulator said broke shareholder payment rules. Thames Water has been hit with the penalty by water ...

Ofwat suggested a break-up of Thames into two or more licensed entities. Hacking back its complex structure would have considerable merits. Thames, which will run out of money next spring unless ...

The water regulator Ofwat wants to attract £50bn of investments ... The main problem is that this sort of structure fragments the system further. Operationally, hiving off the ownership of ...

One Ofwat Innovation Fund Water Breakthrough Challenge project, Smart Skies, Healthy Waters, has been awarded £6m for its project to create a ‘drone- and lab-in-a-box’ that provides near-real-time, on ...

The extension means it could take up to a year from now for the country’s watchdog to complete the assessment, according to statements from water regulator Ofwat and the CMA on Tuesday.

Water companies will have to take £157.6 million in penalties off customer bills after Ofwat published its annual performance report into the sector. The report revealed firms continue to miss ...

Oct 9 (Reuters) - Thames Water's lenders, holding 12 billion pounds ($15.71 billion) of Britain's struggling water utility, held talks with regulator Ofwat on Tuesday to pitch a rescue deal they ...

and secure backing from investors to restore its loss of investment grade credit rating David Black, Ofwat Ofwat chief executive David Black said: “We are clear that Thames Water needs to remedy ...