All the updated news related to sarah bentley

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City

Government moves to reassure Thames Water customers as collapse fears mount

The Government has insisted work is going on “behind the scenes” to ensure that customers of debt-laden Thames Water “will not be impacted” following reports that the company is on the verge of going bust. The utility giant is seeking to raise cash ...

28 Jun 2023 at 20:56

City

Thames Water averts nationalisation threat with £750m funding lifeline

Thames Water has secured another £750 million in emergency funding from its shareholders as it seeks to stave off the threat of nationalisation, but warned “significantly” more investment will be needed in future years. Britain’s biggest water ...

10 Jul 2023 at 13:44

City

Thames Water agrees £750m funding deal but warns ‘significantly’ more needed

Thames Water has said its shareholders have agreed to pump another £750 million in funding into the utility giant, but warned that another £2.5 billion will be needed by 2030 as it struggles under a £14 billion debt mountain. The supplier ...

10 Jul 2023 at 09:20

City

Thames Water chief executive quits after giving up bonus over sewage spills

The boss of Thames Water has stepped down with immediate effect weeks after being forced to give up her bonus over the company’s environmental performance. The company said that Sarah Bentley would leave the board on Tuesday, but will ...

27 Jun 2023 at 16:16

Thames Water working to secure cash as Government draws up nationalisation plan

City

Thames Water working to secure funds as Government draws up nationalisation plan

Debt-laden utility giant Thames Water has said it is working with shareholders to secure the cash it needs after reports that ministers are drawing up contingency plans for its collapse. The company, which serves 15 million ...

28 Jun 2023 at 13:41

City

Ministers work up Thames Water plan as regulator keeps watch on sector debts

Ministers have looked to allay fears around the impact of Thames Water potentially going under as the regulator vowed to work with the sector to deal with its debt levels. Work and Pensions Secretary Mel Stride said there ...

29 Jun 2023 at 00:45

City

Contingency plans being drawn up for possible collapse of Thames Water – reports

The Government is reportedly drawing up contingency plans for the emergency nationalisation of Thames Water as concerns grow over its mammoth £14 billion debt pile. Ministers are said to be in talks about the possibility ...

28 Jun 2023 at 11:48

City

Thames Water has ‘secure and committed’ funding, Government insists

The Government has doubled down on its reassurances that troubled Thames Water has “secure and committed” funding, as the water sector’s £60 billion debt pile comes under greater scrutiny. Access to water and utility ...

29 Jun 2023 at 16:02

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

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 ...

14 Dec 2023 at 08:59

City

Thames Water appoints new chair as questions swirl about its future

Thames Water has chosen a new chairman just two days after its chief executive stepped down amid serious questions over the debt-laden company’s future. It came as the Government tried to calm the ...

29 Jun 2023 at 17:34

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