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

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4 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 …

islingtongazette.co.uk

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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 …

yahoo.com

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

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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 - an increase of …

yahoo.com

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

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5 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 Fined £18M For Breaking Dividend Rule - Law360

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The U.K. water regulator said Thursday that it plans to fine Thames Water £18.2 million ($22.7 million) for paying "unjustified" dividends worth £195.8 million that broke shareholder payment ...

law360.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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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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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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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 - The ruling falls well short of a 59% bills hike requested by the troubled water company, as it tries to secure a ...

msn.com

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

3 weeks from now

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

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

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. ...

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. ...

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. ...

How much will the Thames bill increase by 2029?

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 - an increase of 35pc - by 2029. ...

Why did Ofwat resend £131.3m in dividends in 2023?

The powers came into effect in May 2023. As well as the fine, £131.3m in dividends will be clawed back by Ofwat as it said Thames Water "failed to consider" the wider impact of the dividend issuance. The regulator said Thames Water breached obligations under its licence condition. ...

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