Thames Water has agreed a payment plan with Ofwat to cover £123m in fines, as the debt-laden utility scrambles to secure funding and avert temporary nationalisation.
Hot Weather, Higher Bills: Water Companies to Hike Prices During Heatwaves
Smart Meter Trials to Bring Surge Pricing for Water Use During Heatwaves
Environment Secretary accelerates plans to bring Thames Water into public ownership
Environment Secretary Steve Reed has confirmed the government is accelerating preparations to temporarily nationalise Thames Water, as efforts to secure a private sector rescue falter.
Thames Water edging closer to renationalisation as KKR pulls out of £4bn rescue deal
Thames Water could be nearing renationalisation after its preferred funding partner, US private equity giant KKR, walked away from a proposed £4 billion investment.
Ofwat hits Thames Water with record £122.7 million fine
Regulator Ofwat has confirmed that the record penalties imposed on Thames Water will be borne by the company and its investors, not its customers.
Gold prices climbed 1% on Friday, heading for their strongest weekly gain in six weeks.
Gold Rises 1%, Set for Best Week in Six Amid Weaker Dollar and U.S. Fiscal Concerns
Dow Jones on Track for Worst April Since 1932 as Gold Eyes $4,000
Gold Surges Past $3,500 as Investor Anxiety Grows Over Fed Tensions
Gold and Bitcoin are surging in tandem as Wall Street wobbles
Gold is on a record-breaking run, but this surge is flashing warning signs—stagflation fears, tariff turmoil, and a tumbling dollar. Meanwhile, Bitcoin, often dubbed “digital gold,” is climbing as investors
Gold Reaches All-Time High Amid Fed Chair’s Warning on Tariff-Driven Inflation
Gold surged to a new all-time high, climbing above $3,357 an ounce, after Federal Reserve Chair Jerome Powell warned that Donald Trump’s tariffs could significantly increase inflation.
Gold Tops $3,300 for the First Time Amid Escalating Trump Trade War
Gold Hits New Record High as Trade Tensions Intensify
Wall Street Forecasts Soaring Gold Prices Amid Economic Uncertainty
Wall Street expects gold prices to surge, with forecasts suggesting the precious metal could reach $4,000 an ounce next year, as investors seek shelter from the fallout of Donald Trump’s
Thames Water rescue deal at risk over missing assets
Fresh uncertainty has emerged in the search for a white knight investor for Thames Water, as the company faces difficulties in detailing its vast and complex network of pipes, sewage