All the updated news related to adrian montague

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City

Thames Water chairman apologises to customers but defends bonuses for bosses

Thames Water’s chairman has apologised to customers while insisting it is “not a failing company” and saying that hundreds of thousands of pounds worth of recent bonuses for bosses were justified. Sir Adrian Montague told MPs on Tuesday that he ...

13 May 2025 at 13:45

City

Thames Water chairman rows back on comments over bonuses for bosses

Thames Water’s chairman has admitted to incorrectly stating the water firm’s lenders insisted on top bosses receiving large bonuses as part of a recent £3 billion emergency loan. Sir Adrian Montague said he may have “misspoken” during an ...

20 May 2025 at 14:25

City

Thames Water rescue takeover collapses after private equity firm KKR drops out

Thames Water has been dealt a blow after US private equity giant KKR pulled out of plans for a rescue deal to inject much-needed cash into the troubled utility. Britain’s biggest water supplier, which has 16 million customers, chose KKR ...

03 Jun 2025 at 15:24

City

Thames Water asks watchdog to let it charge even higher bills

Thames Water is asking the competition regulator to allow it to charge customers even more over the coming years than had previously been granted. The company has already been allowed a 35% rise in consumer bills over the next five ...

14 Feb 2025 at 10:21

City

Private equity giant KKR pulls out of plans to invest in Thames Water

Thames Water said US private equity giant KKR has pulled out of plans to invest in the utility and it is now progressing talks with senior creditors for an alternative to stabilise its finances. The heavily indebted supplier – ...

03 Jun 2025 at 09:26

City

Thames Water drops bonuses due for bosses after Government criticism

Thames Water has “withdrawn” plans to pay senior bosses large bonuses linked to the water company securing a £3 billion emergency loan, Environment Secretary Steve Reed has said. Mr Reed confirmed the proposals had been ...

20 May 2025 at 18:32

City

Troubled Thames Water names former Centrica executive as its new boss

Thames Water has named a former senior executive at British Gas owner Centrica as its new boss as the under-fire utility giant battles financial troubles and poor performance. Chris Weston, who worked at Centrica for ...

14 Dec 2023 at 08:59

City

Thames Water hires new boss on pay deal worth up to £2.3m

Thames Water has hired a former British Gas executive as its new boss on a pay package worth up to £2.3 million to lead an overhaul as it faces mounting pressure over its financial troubles and poor performance. ...

15 Dec 2023 at 10:34

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