This Weeks Updates

Updated Monday 16th June 2025

1. Thames Water Financial Struggles: Thames Water faces financial difficulties, with lenders urging government intervention to prevent legal actions from campaigners. Renationalisation plans are reportedly being accelerated. Source: The Guardian
2. Legal Challenge to Thames Water Reservoir Plan: Campaigners have launched a legal challenge against Thames Water's £2.2 billion reservoir project in Oxfordshire, arguing the company should focus on fixing leaky pipes instead. Source: The Guardian
3. Centrica's £20 Billion Gas Deal: Centrica, the owner of British Gas, has secured a £20 billion deal to import gas from Norway's state energy company, marking a significant move in the energy sector. Source: The Guardian
4. Loan Losses Linked to Thames Water: A Canadian export agency reported a £350 million loss on loans to Thames Water, highlighting financial risks in the utility sector. Source: Financial Times
5. Bonuses Banned for Utility Executives: The UK government has banned bonuses for executives at Thames Water and five other poorly performing utilities as part of new regulatory measures. Source: The Guardian