Thames Water serves 15m customers acrossLondonand the south-east of England, and has come under intense pressure in recent years because of its poor record on leaks, sewage contamination, executive pay and shareholder dividends. This week, it wasfined £3.3mfor discharging raw sewage into rive...
The Company has undertaken substantial investment in recent years, stepping it up to £1.77bn in 2022-23 alone. It has not paid any share dividends to its external shareholder owners since 2017, ploughing back as much money into investment as possible. It has also taken out large borrowings ...
The report from Thames Water, which has debts above £15bn, also showed the payment of two dividends worth £158.3m in March - raising the prospect of further penalties from Ofwat over rules governing rewards at poorly-performing suppliers. The company said it had returned to profit over t...
The Universities Superannuation Scheme (USS), which manages the retirement savings of British academics, is the second-biggest shareholder, with funds from Abu Dhabi, Australia, Canada, China and the Netherlands among Thames Water's other investors. Thames's service area stretches from Gloustershire ...