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 ...

- 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 ...

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

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

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

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

Ofwat boss David Black ... CLOSING five depots and ­simplifying its structure has helped Magners and Tennent’s maker C&C Group return to profit, as it made £38.5million last year, compared ...

Thames Water, the UK's biggest water provider, has been hit by a record fine by regulator Ofwat. The company has been fined £122.7m following Ofwat's "biggest and most complex" investigation.

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 ...