Thames Water Utilities Ltd has announced that the Fourth Consent Requests it launched on 5 September have been overwhelming approved by its creditors, with a deemed approval rate of over 99%.

The House of Commons Environment, Food and Rural Affairs Committee (EFRA) has recalled Thames Water’s Chair Sir Adrian Montague, CEO Chris Weston and Independent Non-Executive Director Ian Pearson, who chairs Thames’ Remuneration Committee, for further questioning on Tuesday 15 July in the light of ongoing concerns.

Thames Water has announced it is seeking a further drawing of £157 million in July 2025 from the initial £1.5 billion loan available under the group's liquidity facility.

The Government has confirmed that paying bonuses in the form of retention payments to senior executives are not an an option for Thames Water, following comments by water company Chair Sir Adrian Montague when he appeared before the House of Commons Select Committee for Environment Food and Rural Affairs (EFRA) last week.

Thames Water chiefs were on the defensive when they appeared in person before the House of Commons EFRA Committee earlier this week in an intensive two hour evidence session which made for compelling – and at times uncomfortable – viewing.

The Court of Appeal has been told that a plan to restructure Thames Water through a loan of up to £3 billion should not have been approved by the High Court as its terms are "mispriced and inappropriate."

The Appeal Court has this morning started a three day hearing of an appeal against the High Court decision to allow Thames Water’s restructuring plan which would see it receive an emergency £3 billion loan from its Class A creditors.

Moody's Ratings has downgraded Thames Water Utilities Ltd.'s (Thames Water) Probability of Default (PDR) rating to D-PD from Ca-PD - the rating action coincides with the effective date of Thames Water's restructuring plan announced by the company on 21 February 2025.

The High Court hearing to decide on a proposal for Thames Water to secure up to an additional £3 billion in funding begins today.

Thames Water Utilities Ltd has announced that the restructuring plan proposed by Thames Water Utilities Holdings Ltd has been approved by creditors holding over 90% of secured debt present and voting at the plan meetings, ahead of it being considered by the Court at the sanction hearing scheduled for 3 - 6 February 2025.