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
Embattled utility undershot cash flow goal to trigger awards for Chris Weston and other managers

Ofwat’s new powers enable it to backdate veto on awards for CEOs and CFOs at poorly performing water companies

Any amendment of key figures would come at a sensitive time for the troubled utility

David Hinton had previously blamed shortages on rise in people working from home

The water industry regulator should not let the utility’s bondholders take control too easily

Clock is ticking on approving creditors’ emergency offer for utility as October deadline looms

Deal requires agreement with regulators and government and could take a number of months to conclude