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Both Castle Water and Covalis have plans to list Thames Water on the stock exchange. Thames Water, Covalis and Suez have been contacted for comment. When Thames Water was privatised in 1989 it had ...
Thames Water also removes, treats and disposes of 4.6 billion litres (1,000 million imperial gallons) of wastewater per day from 15.5 million customers (6 million properties) using 5,123 sewage pumping stations through 109,292 km (67,911 mi) of managed sewerage mains to 353 sewage treatment works across an area of 13,000 km 2 (5,000 sq mi) of ...
Scottish-based Castle Water completed the buyout of the non-household arm of Thames Water in 2017, and now serves hundreds of thousands of businesses, charities and public sector groups.
Investors in listed UK water companies cheered news of Thames Water’s equity injection. Shares in Severn Trent rose 2%, United Utilities gained around 1.2% and Pennon Group, which owns South ...
Debts in Thames Water had gone from £3.2bn to £10.5bn by the time Macquarie had sold its stake, whilst paying out £2.8bn in dividends to shareholders during their time in control. [34] While Macquarie, once called a "vampire kangaroo" by the UK press, [35] pulled out of Thames Water, in August 2021, it bought a majority stake in Southern Water.
Water supply and sanitation in the United Kingdom is provided by a number of water and sewerage companies. Twelve companies and organisations provide drainage and sewerage services, each over a wide area, to the whole United Kingdom; and supply water to most customers in their areas of operation.
A group of Thames Water’s lenders has called on more firms to help foot the bill for a £1.5 billion cash injection designed to give the struggling water company a temporary lifeline.
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.