35 h. ago Thames Water bosses were set for £18.5mn before outcry over bonuses

Creditors have proposed injecting £3bn of equity and taking a 20 per cent writedown on loans in latest rescue plan

Economics

8 d. ago Business News: Water sector under pressure as Thames deal collapses while M&S boss sees pay rise to £7.1m

From calls to overhaul the water industry and Thames Water’s failed investor talks, to Greg Hands’ new role at Royal Mail and a £7.1m payday for the M&S boss - here are today’s top UK business stories.

Economics

8 d. ago New York private equity giant KKR pulls out of Thames Water rescue

Thames Water boss says he is “disappointed” by KKR’s decision

Events

1 week ago Thames Water walloped with Ofwat's biggest fine as boss defends massive bonus

The water company must pay a whopping £122.7m over sewage spills and shareholder payouts. as boss Chris Weston has said he does 'make a difference'

Politics

3 w. ago Thames Water drops bonuses due for bosses after Government criticism

Mr Reed confirmed the proposals had been dropped during an Environment, Food and Rural Affairs (Efra) committee session with MPs on Tuesday.

Politics

3 w. ago Thames Water chairman rows back on comments over bonuses for bosses

Sir Adrian Montague said he may have ‘misspoken’ during an Environment, Food and Rural Affairs (Efra) committee session with MPs last week.

Politics

3 w. ago Thames Water bosses who preside over record leaks, pollution and rising bills should not get grotesque bonuses. They should be sacked: FEARGAL SHARKEY

We were expecting an act of contrition, but all we got was condescension. 

Economics

3 w. ago Thames Water boss issues water restrictions warning amid drought risk

Thames Water has warned its 16 million customers there is potential for water restrictions if the weather stays dry

Events

4 w. ago Thames Water boss issues water restrictions warning amid dry weather

Thames Water has warned its 16 million customers there is potential for water restrictions if the weather stays dry

Events

4 w. ago Thames Water chairman apologises to customers but defends bonuses for bosses

Sir Adrian Montague revealed to MPs how close the company had come to running out of money in the last year, calling the situation ‘hair-raising’.

Economics

4 w. ago Boss of stricken Thames Water defends £195,000 bonus and admits mothballed £250m desalination plant should never have been built

Thames Water CEO Chris Weston defended accepting the bumper sum after just three months in the role, telling MPs he had 'stabilised' the company.

Economics

4 w. ago Thames Water boss issues stark warning on restrictions after dry spring

Thames Water has upped its drought level plans given the driest spring for decades. Chris Weston - amid defending his £195,000 bonus - has raised the spectre of supply issues

Events