Water is in the muck for two reasons. One is decades of underinvestment. The blame for that sits mostly with Ofwat, the ...

- A large group of senior creditors ( Creditors) of Thames Water Utilities Limited ( Thames Water) have submitted to Ofwat a £17 billion plan designed to fix the fundamentals, turn around Thames Water ...

Thames Water’s senior creditors have submitted a rescue plan to the UK’s water industry regulator, envisaging £5 billion ($6.8 billion) of fresh funds and hefty losses for the struggling utility’s ...

Thames Water is struggling with almost £20 billion of debt (Andrew Matthews/PA) (PA Archive) Thames Water creditors warned ...

A week later, Ofwat, the industry regulator, announced it was hitting Thames with a record £123m in fines for sewage spills ...

The June Release Condition is a clause under which Class A creditors could refuse to release more funds after June 30 this ...

The Commission’s report highlights “deep-rooted, systemic and interlocking failures” across the water sector. Rivers, lakes, ...

The water company must pay a whopping £122.7m over sewage spills and shareholder payouts. as boss Chris Weston has said he does 'make a difference' ...

THAMES WATER has been hit with a £122.7million fine — the largest ever for a water company. It will pay £104.5million for ...

Thames Water is running out of time to ensure its survival as a private business, its major creditors have warned.