Thames Water fined £18m over dividends but granted 35% bills

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 “unjustified ...


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

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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 “unjustified ...

msn.com

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

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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 …

independent.co.uk

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Water Company Fined £18m Over Dividends But Granted 35 Per …

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Thames Water is to be allowed to hike consumer bills by 35 per cent by 2030 following a decision by the industry regulator, as it was also handed an £18.2 million fine for paying “unjustified ...

msn.com

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

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December 19, 2024 at 1:03pm GMT. 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 …

irishnews.com

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Thames Water Allowed To Raise Bills By 35% Despite £18m Fine

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2 days ago  · Thames Water is to be allowed to hike its bills by 35% by 2030 - even as it was fined £18.2 for paying “unjustified” dividends to shareholders. The average annual bill for customers …

thisislocallondon.co.uk

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Thames Water Fined For ‘unjustified’ Dividends - But Bills To Rise 35pc

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Dec 19, 2024  · Under the new regime, Thames will be allowed to increase bills for millions of households in the London and the Thames Valley from an average of £436 per year to £588 - …

yahoo.com

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

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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 …

lincsonline.co.uk

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Thames Water Fined Over Dividends But Granted 35% Bill Hike By …

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Dec 19, 2024  · (Alliance News) - 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 GBP18.2 million …

marketscreener.com

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Thames Water Allowed To Raise Bills By 35% Despite £18m Fine

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2 days ago  · Thames Water is to be allowed to hike Londoners' bills by 35 by 2030 - even as it was fined £18.2 million for paying “unjustified” dividends…

islingtongazette.co.uk

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

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Dec 19, 2024  · Thames Water customers to see bill hikes Under plans revealed by Ofwat on Thursday, the average annual Thames Water bill will rise to £588 by 2030, £152 more than …

thisismoney.co.uk

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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 …

sky.com

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Thames Water Fined £18m Over Dividends But Granted 35%… - Inkl

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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 …

inkl.com

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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

thetimes.com

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Revealed: Thames Water Diverted ‘clean-up’ Cash To Help Pay …

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Dec 24, 2024  · On the same day it also gave Thames permission to increase consumer bills by 35% by 2030. Thames’s regulated water services are part of a sprawling network of holding …

pressreader.com

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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 …

reuters.com

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Why Are Water Bills Going Up So Much, And What Does It Mean For …

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Ofwat granted an average bills increase of 36% versus current levels, or £157 over the next five years. The lion’s share of that increase, an average of £86, will come in 2025.

msn.com

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Thames Water: Major Upgrades Mothballed Despite Dividend …

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The crisis-hit utility, which serves over 16m customers in the UK, paid hundreds of thousands in staff bonuses and over £100m to investors as it slashed spending on reducing river pollution ...

msn.com

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Financials Limit Losses On Strong Housing, Deal Expectations ...

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1 day ago  · Thames Water fined over dividends but granted 35% bill hike by 2030 Dec. 19: AN Mib in green with STM on top; waiting for FOMC Dec. 18: AN Water bills in England and …

marketscreener.com

FAQs about Thames Water fined £18m over dividends but granted 35% bills Coupon?

Will Thames Water hike consumer bills by 35 per cent?

Thames Water has been approached for a comment. Thames Water is to be allowed to hike consumer bills by 35 per cent by 2030 following a decision by the industry regulator, as it was also handed an £18.2 million fine for paying “unjustified” dividends to shareholders. ...

Does Thames Water pay dividends?

The regulator said Thames Water made interim dividend payouts totalling £37.5million to its holding company, Thames Water Utilities Holdings Limited, in October last year and further payouts of about £158.3million in March 2024. The regulator said it will claw back £131.3million of the payments so the money does not come out of customer bills. ...

Why did Thames Water pay a penalty for paying dividends in 2023?

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. It's the first time Ofwat has used such enforcement powers to ensure firms link shareholder payments to their company performance. The powers came into effect in May 2023. ...

How much debt does Thames Water have?

Thames Water is in more than £16 billion-worth of debt, and earlier this week held the first of several high court hearings over its proposed £3 billion bailout. The cluster of investment firms that drew up the deal – including BlackRock, Abrdn and M&G – have said they need a sizeable increase in bills to make it happen. ...

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. ...

Did Thames fail to comply with dividend rules in May 2023?

It said Thames’ payments had “failed to comply” with rules put in place on dividends in May 2023, adding: “We consider that the contraventions that have taken place are sufficiently serious to warrant the imposition of a financial penalty.” ...

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