Thames, debt and water sector finance - Ofwat

Jul 24, 2023 · Put simply, the sector has borrowed to fund new investment. For most companies, debt has been a prudent low-cost source of finance with low interest rates fixed for the long …

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Why Is Thames Water In So Much Trouble? - BBC

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Thames Water's travails have certainly put a spotlight on what is a debt-laden industry. According to the regulator Ofwat, the sector's total debt reached £60.6bn by March last year.

bbc.com

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Ofwat Statement On Thames Water's Announcement

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Mar 28, 2024 · Thames Water is a business with a regulatory capital value of £19 billion, with £2.4 billion of liquidity available, and an annual regulated revenue of £2 billon and new leadership …

ofwat.gov.uk

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£12bn Thames Water Creditor Group Pitches Rescue Deal To Ofwat

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Oct 9, 2024 · Lenders holding £12bn of Thames Water's debt have held face-to-face talks with Ofwat this week to pitch a rescue deal that they believe would avert the nationalisation of …

sky.com

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Thames Water Needs 'substantial Sums', Whole Sector Took On Too …

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Jul 4, 2023 · Thames Water is fighting to secure more equity as it struggles under the weight of its 14 billion pound ($18 billion)debt pile, casting a shadow over the whole sector in Britain which …

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Thames Water Ordered To Raise Equity - The Times

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The water regulator has ordered Thames Water to raise cash as it seeks to shore up a balance sheet saddled with debt of £18 billion. Ofwat said that Britain’s biggest water company must …

thetimes.com

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Thames Water Pays £37.5m Dividend Amid Debt Pile And ... - Sky …

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Dec 5, 2023 · Thames Water revealed an 18% rise in pollution incidents from March to September, and said its debt pile swelled to £14.7bn. Ofwat is asking how the dividend does …

sky.com

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Thames Water Bills Will Surge By £152 Over The Next Five Years

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On the Thames Water fine Black added:: "Ofwat's £18 million penalty and clawing back the value of £131 million in unjustified dividend payments is a clear warning to the whole sector: We will ...

standard.co.uk

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Thames Water Debt Rises As Boss Hails Solid Progress On …

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Dec 10, 2024 · Thames Water debt hits £15.8bn but boss hails turnaround progress The crisis-hit utility reported a jump in pollution incidents and said a ruling by Ofwat later this month will be …

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Thames Water Boss Defends Bonuses As Sewage Spills Soar - BBC

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Dec 10, 2024 · When Thames Water was privatised in 1989 it had no debt. However, over the years it borrowed heavily. Thames needs to raise about £4bn in new equity too, which would …

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Thames Water Fined £18.2m And Denied 59 Per Cent Bills Increase

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Dec 20, 2024 · The average annual bill for Thames Water customers will rise to £588 by 2030, Ofwat said, £152 more than current levels of £436 a year. Ofwat said the lion’s share of that …

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Thames Water Faces Resistance In £1bn Investor Cash Call, Says …

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Jul 4, 2023 · Thames Water, the UK’s largest water company, is struggling under a £16bn debt mountain and is in discussions to raise cash from shareholders. The government is drawing up …

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Whether Ofwat Action Works Will Be Measured By The Health Of …

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Dec 19, 2024 · On the day almost 60,000 Hampshire residents faced having to queue for fresh water until the weekend the company, already carrying £6bn of debt, was told it can increase …

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Customer Money Will Not Be Used To Pay £6.8m Bonuses

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Nov 22, 2024 · Water firms paid out £9.3m in executive bonuses over the past financial year, Ofwat revealed. Debt-laden Thames Water is among three firms – also including Yorkshire …

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FAQs about Thames, debt and water sector finance - Ofwat Coupon?

Is Thames Water a debt-laden industry?

Thames Water's travails have certainly put a spotlight on what is a debt-laden industry. According to the regulator Ofwat, the sector's total debt reached £60.6bn by March last year. ...

Why does Thames Water borrow so much?

Put simply, the sector has borrowed to fund new investment. For most companies, debt has been a prudent low-cost source of finance with low interest rates fixed for the long-term. However, some companies borrowed too much, most obviously Thames Water. The risk for this – and for correcting this – belongs to the company and its shareholders. ...

Does Ofwat have an enforcement case against Thames Water?

Ofwat has not yet opened a formal enforcement case against Thames Water. Thames Water said the money was simply being moved to a parent company in order to help pay its debts. They added that no dividends have been handed to "external shareholders". Thames said it was working with the regulator "to provide further context and clarification". ...

Is Thames Water still working with Ofwat?

July 24 (Reuters) - Britain's struggling utility Thames Water said on Wednesday it was still working with regulator Ofwat and seeking new equity funding after Moody's downgraded its long-term corporate debt to junk. ...

Is Thames Water in financial trouble?

There has been a huge focus on the finances of water companies over recent weeks. This was prompted by reports, following the departure of its CEO, that Thames Water was in financial difficulty and that the government and regulators were developing plans to handle the fall out. ...

Will Ofwat ruling be fundamental to Thames Water's Future?

The crisis-hit utility reported a jump in pollution incidents and said a ruling by Ofwat later this month will be fundamental to its future Thames Water today revealed its debt pile had swelled to £15.8 billion after publishing half-year results showing an improved underlying financial performance. ...