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On 10 July 2023, Thames Water shareholders agreed to provide £750m in funding, [31] short of the £1bn sought; the company also said it would need a further £2.5bn from investors by 2030. [32] In September 2023, Thames Water was one of several water companies ordered by Ofwat to pay back customers for poor performance.
The water company is already under investigation for a smaller £37.5 million dividend payment in October 2023, ... Thames Water said profit increased to £75.4 million for the year ending March ...
June 30, 2023 at 3:09 AM. The government is scrambling to put together a plan to rescue Thames Water over increasing fears the company is set to go bust. ... The crisis engulfing Thames Water ...
July 10, 2023 at 4:34 AM. Vuk Valcic/SOPA Images/Sipa US/Reuters. Investors in Thames Water have agreed to put an extra £750 million ($962 million) of equity funding into the troubled utility to ...
Chris Weston. Christopher Phillip Anthony Weston (born 5 January 1964) [1] is a British businessman. In January 2024 he became chief executive of Thames Water. [2] He is the former chief executive of Aggreko, a FTSE 250 Index company, and a former managing director of British Gas, one of the Big Six energy suppliers in the United Kingdom.
In 1989 the Thames Water Authority was partly privatised, under the provisions of the Water Act 1989 [3] with the water and sewage responsibilities transferring to the newly established publicly quoted company of Thames Water, and the regulatory, land drainage and navigation responsibilities transferring to the newly created National Rivers Authority which later became the Environment Agency.
1983–present. Spouse. Elizabeth Anderson. Ian Derek Marchant (born 9 February 1961) is an English accountant and businessman. He was the Chief executive officer of Scottish and Southern Energy from 2002 to June 2013, and was chairman of Thames Water from 2018 to July 2023. Since 2023 he has held various positions at Morgan Advanced Materials.
Thames Water proposes pumping treated wastewater into the River Thames to meet rising water demand. ... An online petition launched in January 2023 to reject the plans has more than 30,000 signatures.