Ofwat finds Thames Water has broken dividend payment rules

Dec 19, 2024 · In October 2023, Thames Water made interim dividend payments totalling £37.5 million to its holding company, Thames Water Utilities Holdings Limited. In March 2024, the company made further dividend payments amounting to £158.3 million from which they …

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Ofwat Finds Thames Water Has Broken Dividend Payment Rules

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Thames Water Fined £18m By Ofwat For Breaking Shareholder …

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Dec 19, 2024 · 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 …

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Ofwat Finds Thames Water Has Broken Dividend Rules

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19 December 2024 . For Immediate Release . Ofwat finds Thames Water has broken dividend payment rules · Penalty of £18 million sends clear signal to industry that companies must link …

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Thames Water Fined £18m By Ofwat For Breaking Shareholder …

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Dec 19, 2024 · 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 …

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Ofwat Finds Thames Water Has Broken Dividend Payment Rules And …

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Dec 19, 2024 · Ofwat is therefore proposing to impose a penalty of £18.2 million on Thames Water. In addition, Ofwat will be able to ensure that customers do not lose out as a result of …

watermagazine.co.uk

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Ofwat Finds Thames Water Has Broken Dividend Payment Rules

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Dec 19, 2024 · Ofwat is therefore proposing to impose a penalty of £18.2 million on Thames Water.In addition, Ofwat will be able to ensure that customers do not lose out as a result of the …

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Ofwat Finds Thames Water Has Broken Dividend Payment Rules

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Dec 19, 2024 · Ofwat to claw back value from £131.3 million of dividend payments using the price control so customers do not lose out on tax benefits; In October 2023, Thames Water made …

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Thames Water Fined For 'unjustified' Dividend Payments To ... - ITVX

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Dec 19, 2024 · Thames Water has been fined £18.2 million by regulator, Ofwat, over 'unjustified' dividend payments to shareholders. Ofwat said the fine was for paying £158.3 million in …

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Thames Water Fined £18m Over Dividends But Granted 35 Bills Hike …

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Dec 19, 2024 · Thames Water is to be allowed to hike consumer bills by 35% by 2030 following a decision by the industry regulator, as it was also handed an £18.2 million fine for paying …

thenational.scot

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Thames Water Slapped With £18m Fine By Ofwat For Dishing Out …

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Dec 19, 2024 · Thames Water has been handed an £18.2million fine after regulator Ofwat used powers to crack down on firms paying 'unjustified' dividends for the first time. The debt riddled …

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Thames Water Fined £18m By Ofwat For Breaking Dividend Rules

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The water regulator has ordered the company to claw back £131m in dividends and warned against taking money out of the business

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Thames Water Faces $22.9 Million Fine Over Alleged Breach Of …

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Dec 19, 2024 · The U.K. Water Services Regulation Authority proposed a penalty of 18.2 million pounds ($22.9 million) for Thames Water after saying it broke dividend rules. The regulator …

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Thames Water Ordered To Pay £18 Million Fine For Breaking …

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Dec 19, 2024 · On Thames Water’s “unjustified” dividends, in October 2023, the company paid £37.5 million in dividends to its parent company, Thames Water Utilities Holdings Limited. In …

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UK Watchdog Fines Thames Water $23 Million For Breaking …

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Dec 19, 2024 · (Reuters) - British regulator Ofwat said on Thursday it plans to fine Thames Water 18 million pounds ($22.67 million) for breaking dividend payment rules, the first time the …

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Struggling Thames Water Fined $23 Million For Breaking Dividend …

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Dec 19, 2024 · British regulator Ofwat said on Thursday it plans to fine Thames Water 18 million pounds ($22.67 million) for breaking dividend payment rules, the first time the watchdog is …

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Thames Water Fined £18m By Ofwat For Breaking Shareholder …

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Dec 19, 2024 · The UK's biggest water company has been fined £18.2m for "unjustified" dividends which the regulator said broke shareholder payment rules. ... Thames Water fined £18m by …

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Ofwat Finds Thames Water Has Broken Dividend Rules

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19 December 2024 . For Immediate Release Ofwat finds Thames Water has broken dividend payment rules · Penalty of £18 million sends clear signal to industry that companies must link …

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UK Watchdog Fines Thames Water $23 Million For Breaking …

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(Reuters) - British regulator Ofwat said on Thursday it plans to fine Thames Water 18 million pounds ($22.67 million) for breaking dividend payment rules, the first time the watchdog is …

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Thames Water Bills To Rise 35% By 2030 As Company Handed …

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Dec 19, 2024 · At the same time, Thames Water was slapped with an £18.2m fine for forking out "unjustified" dividends to shareholders. Ofwat's ruling didn't match the 59% rise Thames Water …

mirror.co.uk

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Ofwat Hits Ailing Thames Water With £40m Fine Over Dividend …

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Jun 1, 2024 · Ofwat hits ailing Thames Water with £40m fine over dividend payment. Britain's biggest water company has been warned it faces a fine of over £40m for allowing a £37.5m …

sky.com

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Thames Water: Major Upgrades Mothballed Despite Dividend …

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6 days ago · Ofwat fine . The Guardian report comes after Ofwat fined Thames £18m in December for breaking new rules on dividends that allow the regulator to take enforcement …

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Why UK Water Regulator’s Decision On Bills Is Set To Stoke Turmoil

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Dec 19, 2024 · The utility, which serves 16mn customers in and around London, will also be fined £18mn by Ofwat for improperly paying a dividend to its holding company — the first time the …

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Thames Water Urges High Court To Approve £3bn Restructuring Plan

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2 days ago · In December, Ofwat fined Thames £18million for violating new rules on dividends, which allow the regulator to take enforcement action against companies failing to link payouts …

thisismoney.co.uk

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Thames Water Fined £18m Over Dividends But Granted 35% Bills

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Thames Water fined £18m over dividends but granted 35% bills hike by 2030 ... Ofwat said the £18.2 million fine was for paying £158.3 million in dividends to shareholders which it said were …

msn.com

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Water Companies Fined Just £2 For Rule Breaking Despite Record …

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2 days ago · In 2024, Welsh Water was fined £1 after it was found to misreport its data on leakages over several years. Ofwat originally proposed a penalty equivalent to 4.5 per cent of …

inews.co.uk

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Thames Water Urges High Court To Accept Restructuring Plan

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2 days ago · Thames Water has urged the High Court to accept its £3bn restructuring plan in a bid to avoid renationalisation. ... including break rights that kick in if the company is still rated at …

yahoo.com

FAQs about Ofwat finds Thames Water has broken dividend payment rules Coupon?

Will Ofwat fine Thames Water for breaking dividend payment rules?

(Reuters) - British regulator Ofwat said on Thursday it plans to fine Thames Water 18 million pounds ($22.67 million) for breaking dividend payment rules, the first time the watchdog is taking action against water firms that do not link payouts to performance. ...

Why was Thames Water fined £18m for 'unjustified' dividends?

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 regulator Ofwat over the combined £195.8m in dividends paid in October 2023 and March 2024. ...

Will Ofwat impose a penalty on Thames Water?

Ofwat is therefore proposing to impose a penalty of £18.2 million on Thames Water. In addition, Ofwat will be able to ensure that customers do not lose out as a result of the company surrendering £131.3m of its tax losses as part of the March 2024 dividend payment through an adjustment in the price control. ...

Why did Ofwat fine Thames Water?

British regulator Ofwat said on Thursday it plans to fine Thames Water 18 million pounds ($22.67 million) for breaking dividend payment rules, the first time the watchdog is taking action against water firms that do not link payouts to performance. ...

Why is Thames Water facing a £40m fine?

Britain's biggest water company has been told it faces a fine of more than £40m over the payment of a shareholder dividend in spite of its poor performance. Sky News has learnt that Ofwat notified Thames Water last month that it was minded to impose the penalty for breaching rules on the payment of dividends. ...

Can Ofwat recover the value of Thames Water's regulated company?

In relation to the March 2024 dividend payments and Ofwat’s concern that the surrender of tax losses by Thames Water to other Kemble Group companies has resulted in the extraction of value from the regulated company, Ofwat has the ability to recover this value, via an adjustment in the price control, to ensure that customers are protected. ...