Ms Bentley recently declared that she was"heartbroken" about the company's historical failings, blaming"decades of underinvestment".In 2021, it was hit with a £4m penalty for allowing untreated sewage to escape into a river and park, while in August 2021, it was ordered to pay £11m for overcharging thousands of customers.
"We've…made progress improving some of our performance metrics with a 43% reduction in customers' complaints, as well as reductions in total pollutions and sewer flooding incidents. Its largest shareholder is Ontario Municipal Employees Retirement System , a vast Canadian pension fund, which holds a stake of nearly 32%, according to Thames Water's website.
The company has not paid its owners a dividend for nearly six years, and some shareholders are said to be increasingly keen to offload their holdings. "This requires companies to prepare properly for population growth and the impact of climate change."
And how much did they put local residents water bills up by?
Privatisation working well.
Is there any water company left that isn't massively in debt? Should never have nationalized water to those greedy sharks.
Labour government should drive the company into bankruptcy and nationalise for nothing - simples!
Water company bosses from Thames Water were awarded £2,368,000 in bonuses despite companies leaking billions of litres of water every day. Some water companies including Thames Water lose up to a quarter of all their water from leaks alone.
Privatization going well then 😂😂 buy it from us …rob it blind. The hierarchy make millions then charge us more to pay off the dept while dumping shit into the rivers and seas. bollocks
How can the company have so much debt when it's directors are taking millions in bonuses?