One-third of Lower Thames Crossing budget spent on planning documents
More than £450mn used for obtaining permission for road tunnel scheme
Thames
Thames Water selects KKR as preferred bidder
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Thames Water has selected the US private equity group KKR as the preferred bidder for the UK’s largest water utility, which is fighting to avoid renationalisation. KKR, which is already a shareholder in Northumbrian Water, … Read more
Thames Water has to keep borrowing and carry on
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US industrialist J Paul Getty is said to have remarked that “if you owe the bank $100, that’s your problem. If you owe the bank $100mn, that’s the bank’s problem.” Although Thames Water may … Read more
U.S. fund KKR makes £4 billion management-buyout bid for Thames Water
Thames Water utility van in the Cty of London on 3rd December 2024 in London, United Kingdom. Thames Water Utilities Ltd is a large private utility company responsible for the water supply and waste water treatment in most of Greater London and surrounding areas in England. (photo by Mike Kemp/In Pictures via Getty Images) Mike … Read more
Treasury seeks clarity on cost of Thames Water renationalisation
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Treasury is seeking greater clarity on the cost of renationalising Thames Water ahead of a crucial court judgment this week that could decide the future of Britain’s largest water supplier. Thames Water, which provides water … Read more
The River Thames Has Been a Dumping Ground for Bodies for at Least 6,000 Years, Study Reveals
The average Londoner might be shocked to hear that, over the past two hundred years, hundreds of human bones have been discovered in the River Thames. As new research shows, a sizable portion of these remains date back to prehistoric times. Researchers in the U.K. have studied the remains of 61 individuals recovered from the … Read more
Time to put Thames Water out of its misery
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. It has been another bumpy week for Thames Water. Thousands of South London customers were left without water after a pipe burst. The Financial Times reported that half the utility’s sewage plants lack the pipes … Read more