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1.2 Privatisation. 1.3 Takeovers. ... 40% of the total £7 billion in dividends paid by Thames Water in the 32 years from 1990 to 2022. ... Thames Water had, since ...
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 ...
Thames Water had asked for a rise of £231 by 2030, but that has been reduced to £152. ... in their infrastructure since they were privatised in 1989, while paying out huge shareholder dividends ...
Thames Water has a track record of poor environmental performance, having been fined more than £30 million ($38.4 million) since 2017 for several water pollution incidents, according to the UK ...
The water industry was privatised in 1989, according to the Conservative government's programme. The water privatisation in England and Wales involved the transfer of the provision of water and wastewater services in England and Wales from the state to the private sector in 1989, through the sale of the ten regional water authorities (RWA). [1]
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.
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 ...
Nicaragua, the Netherlands, and Uruguay have even passed laws banning water privatization. [29] In Italy, in June 2011 a law favoring water privatization was repealed by an overwhelming majority of Italians through a referendum. [30] In 2019, the City of Baltimore, Maryland became the first major city in the United States to ban water ...