Thames Water Profit Surge, Debt Concerns
Update: 2025-12-03
Description
Thames Water, UKs largest water supplier, reported a £414 million profit, reversing a £149 million loss from last year. This profit was driven by a 42% revenue increase, thanks to Ofwats approval of higher utility bills. However, concerns remain: Thames Water has nearly exhausted a £1.5 billion loan, debt has risen by 5%, and customer complaints are expected to surge due to increased fees. Despite these challenges, the company is investing more in infrastructure, funded by higher customer bills, to address leaks, pollution, and water quality.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
