3 h. 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

20 h. 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

26 h. ago Britain on high drought alert: Restrictions warning issued for 16 million people as UK on track for driest spring on record

Much of the UK has become parched in recent weeks amid sustained warm and dry weather, which meteorologists expect will continue for at least another ten days.

Events

28 h. 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

28 h. ago Thames Water warns customers of potential restrictions as drought risk looms

Chief executive Chris Weston said the company is doing ‘all we need to’ to prepare for potential water shortages.

Events

29 h. ago Thames Water executives to receive bonuses from £3bn emergency loan

Utility’s chair tells MPs that retention payments are needed to prevent rivals ‘picking off’ staff

Economics

29 h. 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

29 h. 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

30 h. ago Thames Water CEO says crisis ‘decades in the making’; Goldman Sachs cuts US recession odds – business live

Rolling coverage of the latest economic and financial newsUK pub chain Marston’s has swung back to a profit in the first half of its financial year, thanks to a busy Christmas and Mother’s Day, as well as a tighter focus on costs.The pub owner reported a pre-tax profit of £19m in the 26 weeks ended on 29 March, compared with a loss of £0.2m in the comparable period in 2024.Their revised forecast reflects a combination of a lower effective tariff rate and the recent easing of financial conditions.We raise our S&P 500 return and earnings forecasts to incorporate lower tariff rates, better economic growth, and less recession risk than we previously expected. Our new 3- and 12-month returns forecasts are +1% and +11%, indicating levels of 5900 and 6500 (previously 5700 and 6200). Continue reading...

Economics

31 h. ago Goldman Sachs cuts US recession odds on tariff optimism; UK wage growth slows as jobs market cools – business live

Rolling coverage of the latest economic and financial newsUK pub chain Marston’s has swung back to a profit in the first half of its financial year, thanks to a busy Christmas and Mother’s Day, as well as a tighter focus on costs.The pub owner reported a pre-tax profit of £19m in the 26 weeks ended on 29 March, compared with a loss of £0.2m in the comparable period in 2024.Their revised forecast reflects a combination of a lower effective tariff rate and the recent easing of financial conditions.We raise our S&P 500 return and earnings forecasts to incorporate lower tariff rates, better economic growth, and less recession risk than we previously expected. Our new 3- and 12-month returns forecasts are +1% and +11%, indicating levels of 5900 and 6500 (previously 5700 and 6200). Continue reading...

Economics

6 d. ago London takeaway fined £13,000 after dumping grease in sewers for seven years

Fats, oils and grease were repeatedly dumped into sewers by Chinese takeaway China Panda over a seven year period

Economics

1 week ago Schoolgirl found in the Thames ‘likely to have died from effect of cold water’, says coroner

Kaliyah Coa, 11, was reported missing on March 31 after playing near Barge House Causeway in Woolwich on a school inset day.

Events

1 week ago Schoolgirl found in River Thames ‘likely to have died from effect of cold water’

Kaliyah Coa, 11, was reported missing on March 31 after playing near Barge House Causeway in Woolwich on a school inset day.

Events

2 w. ago Thames Water preferred buyer ‘would multiply problems’, Lords told

The company is hoping to finalise terms of a possible deal.

Economics

3 w. ago Living on the water in London : the best houseboats for sale on the River Thames now

Living on the water can be spectacular, especially in summer. Here are some of the most impressive houseboats for sale on the Thames now

Politics