BBC Business
Thames Water, drowning in £20bn debt, hands its finance boss a £1m signing bonus from emergency funds, because nothing says 'we're skint' like a seven-figure golden hello.
BBC Business
Thames Water CEO says leakage targets unrealistic, while company leaks 570 million litres daily; also defends his £1.16m pay and warns against nationalisation.
BBC Business
Thames Water posts profit after 40% bill hike, but debt balloons to £18.5bn, complaints soar 77%, and the firm waits to see if new PM Andy Burnham will nationalise it.
The Guardian
South East Water gets slapped with a £30.5m fine for failing to provide water, because apparently that's not automatic.
The Guardian
Thames Water creditors, holding £14bn in debt, plan to bid for the company even if it's nationalised, because who doesn't love a good financial drama with 16 million customers as the audience?
BBC Business
UK government rejects Thames Water's £10bn rescue deal, nudging the debt-ridden utility toward temporary nationalisation. Because when your water company is drowning in debt and sewage, who better to call than the government?
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