UK bans bonuses at Thames Water and 5 other utilities
Ofwat’s new powers enable it to backdate veto on awards for CEOs and CFOs at poorly performing water companies
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Thames Water boss keeps bonus despite missing target after restatement
Embattled utility undershot cash flow goal to trigger awards for Chris Weston and other managers
Ofwat poised to waive Thames Water fines to 2030 under deal
Clock is ticking on approving creditors’ emergency offer for utility as October deadline looms
Thames Water error may require restating accounts
Any amendment of key figures would come at a sensitive time for the troubled utility
South East Water boss waives bonus after outages
David Hinton had previously blamed shortages on rise in people working from home
Thames Water’s lenders are not offering enough
The water industry regulator should not let the utility’s bondholders take control too easily
Thames Water creditors offer £6.55bn in new debt to take formal control
Deal requires agreement with regulators and government and could take a number of months to conclude