Search results
Results from the WOW.Com Content Network
The water company is already under investigation for a smaller £37.5 million dividend payment in October 2023, under new Ofwat rules. Thames Water confirms £158m dividend in March amid scramble ...
1 June 2024, Thames Water was set to be fined over £40m by Ofwat for payment of a shareholder dividend in late 2023. [ 144 ] August 2024, Thames Water was fined £104m by Ofwat for failing to manage its wastewater treatment works and networks.
Critics have argued the water industry has historically neglected investment in favour of paying executive bonuses and shareholder dividends. But on Tuesday, Mr Weston defended bosses getting £ ...
The lion’s share of that increase, an average of £86, will come in 2025. Thames Water had asked for a rise of £231 by 2030, but that has been reduced to £152. But there are significant ...
Thames Water has been at the centre of growing public outrage over the extent of pollution, rising bills, high dividends, and executive pay and bonuses at the UK’s privatised water firms, and Mr ...
A total of £6,000,534 was paid to the shareholders and directors in compensation, which was paid in "water stock", paying a 3% annual dividend. [1]: 186 Through municipalization the New River Company became a direct ancestor of the current Thames Water company, the main water supplier to London today.
Thames Water announced that he would become chief executive in December 2023. [2] Weston took up the position on 8 January 2024 and will be paid an annual salary of £850,000 and a performance-related bonus of up to 156 per cent, taking his total package to about £2.25 million.
Contingency plans reportedly being considered in event Thames Water is unable to service debts. ... executive pay and shareholder dividends. Despite giving up her bonus Ms Bentley, netted £1.6m ...