Last year, Thames Water raised another £500m from its owners, with the company acknowledging “further shareholder support may be required”.
Higher interest rates and tighter regulation from Ofwat means that the repayments of loans and bonds are now causing investors to fret.In the company’s most recent financial results, Thames Water paid £37m in internal dividends to its parent company, in spite of regulator pressure to limit the pay-outs. The previous year it paid £33m, and between 2010 and 2019 it paid a total of £1.
However, criticism on the state of infrastructure has continued from campaigners. In March, anglers in Wiltshire raised alarm over sewage spills in the River Ray, which was caused by a burst pipe.had admonished the company for leaks totalling 630 million litres a day, saying that the company “leaks more than any other company”.Having been bought in 2006 by the current consortium, billions of pounds of profits have been made by Thames Water since the takeover, in spite of some performance issues.
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