• Looking for a smarter way to manage your heating this winter? We’ve been testing the new Aqara Radiator Thermostat W600 to see how quiet, accurate and easy it is to use around the home. Click here read our review.

Thames Water nearing the cliff edge.

Privatised water.

Always good for a laugh.


"Gill Plimmer in London
Published 2 HOURS AGO

Nine of the UK’s 16 privatised water companies are receiving special oversight amid concerns over their financial resilience, regulator Ofwat said.

Thames Water, which is struggling under the weight of its £20bn debt, remains the most troubled water company and is at risk of renationalisation by government. But Southern Water and South East Water will also need to take further action to stabilise their financial future, Ofwat said on Wednesday. Six other companies — Affinity, Northumbrian, Portsmouth, Wessex, Anglian and Yorkshire — are also in a category “where we consider there to be financial resilience risk (including potential risk) that warrants enhanced monitoring and may require action to redress”, the regulator added."

FT.com
 
"UK water companies are facing unprecedented public anger for loading up the balance sheets with debt, while paying dividends to investors and bonuses to their executives despite failures such as pollution and water outages. Ofwat claimed it had stopped water companies, including Thames Water, from paying a total of £4mn in bonuses last year after the introduction of new regulations on performance-related pay."

FT.com
 
Is it; less than 140 words and not. Substitute?
 
blup said:
Is it; less than 140 words and not. Substitute?
Click to expand...
what else does it say? Note its characters not words.

There are over 200 breaches of copyright, as per the above on this forum. He just needs to read and comply.
 
Last edited:
HERTS P&D said:
Until the manhole is blocked and the toilet backs up. Only worse when someone flushes the upstairs toilet and the downstairs one overflows!:oops:

Andy
Click to expand...
Just install a corporate-sized Saniflo.

What could go wrong.
 
JohnD said:
Nine of the UK’s 16 privatised water companies are receiving special oversight amid concerns over their financial resilience, regulator Ofwat said.

Thames Water, which is struggling under the weight of its £20bn debt, remains the most troubled water company and is at risk of renationalisation by government. But Southern Water and South East Water will also need to take further action to stabilise their financial future, Ofwat said on Wednesday. Six other companies — Affinity, Northumbrian, Portsmouth, Wessex, Anglian and Yorkshire — are also in a category “where we consider there to be financial resilience risk (including potential risk) that warrants enhanced monitoring and may require action to redress”, the regulator added."
Click to expand...

Phew. Pennon not on the list. Still think I should sell my shares though.
 
With the disclaimer that I've not read all the posts going back 13 pages and over 18 months, I'd be quite happy with a deal which:

Waived all the fines, protected the viability of the business, and the interests of the shareholders. And saw all the directors and senior managers spend literally the rest of their lives in prison.
 
motorbiking said:
what else does it say? Note its characters not words.

There are over 200 breaches of copyright, as per the above on this forum. He just needs to read and comply.
Click to expand...
Is the F T really concerned about blank spaces that breach copyright?
 
You must log in or register to reply here.

Similar threads

JohnD
Thames Water
2
Replies
27
Views
2K
Notch7
N
JohnD
Privatised water clusterflick.
4 5 6
Replies
85
Views
4K
carmanmemoranda
C
Back
Top