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...The criticism comes as payouts by water companies have become a politically controversial issue amid public outcry over sewage pollution into coastal waters, rivers and lakes....
...The proposed bill increases come amid widespread anger against water companies for high leakage rates and for tipping unknown quantities of raw sewage and storm water into the sea, lakes and rivers....
...into rivers....
...The proposed revamp to its cash cow search engine would mark the first time the company has put any of its core product behind a paywall, and shows it is still grappling with a technology that threatens...
...water company ownership....
...“[WBS] was viewed, outside of government debt, as the gold standard of UK fixed income investment,” said Steve Curtis, a finance partner at law firm Latham & Watkins who has advised on a number of water...
...A default in the private utility’s parent company Kemble has leaked through to what were thought to be “gold standard” bonds securitised at Thames Water’s regulated operating companies....
...“The water pan is a treasure, it is gold,” he says. Using collected rainwater to irrigate fields may seem like an obvious, and easy, way to improve farming and conserve water....
...Private water companies need to accept losses for risks they knowingly took. If they do so, regulators can then make the case for higher bills to reduce pollution in rivers....
...Water companies will be forced to install monitors on them in stages from the beginning of next year initially targeting designated bathing and shellfish waters, as well as chalk rivers....
...High levels of E coli have been found in the river....
...The nearly £15bn of debt held by the Thames Water utility companies that sit below Kemble should be unaffected by the default....
...Macquarie has not had any control or influence over Thames Water’s operating company since 2017.” Thames Water declined to comment....
...“What I want to protect in terms of the national interest is more investment, to ensure a more resilient water supply and clean rivers and fair treatment for bill payers,” he added....
...richard.waters@ft.com...
...Revenue at Google’s parent company rose to $80.5bn from $69.8bn a year ago, beating analysts’ expectations for $79bn, according to a filing on Thursday....
...Other water companies have high gearing too, built up in the decades since their 1989 privatisations....
...“You end up with gold-plated utilities and high costs....
...despite “dangerous” sewage pollution in the river Thames; some rowers complained of sickness....
...In today’s newsletter: Thames Water’s Chinese lenders AT1 documents fight Blackstone’s luxury sale Thames Water’s Chinese stand-off Critics of Britain’s water company privatisation have recently accused...
...Thames Water is politically controversial for two reasons. First, it is part of a hugely unpopular industry that regularly ejects sewage into Britain’s beaches and rivers....
...The Environment Agency, the regulator, revealed last month that companies pumped raw sewage into British rivers and seas for a record 3.6mn hours last year, more than double than in 2022....
...The requirement for water companies to install event duration monitors since 2015 has transformed public awareness of sewage discharges and sparked the biggest outcry against the water companies since they...
...The Boat Race, the company that runs the rowing contest between the world-leading universities of Oxford and Cambridge, said water quality was “an ongoing concern” as it confirmed that the races would go...
...Carbon and water cycle: Atmospheric rivers’ over Atlantic blamed for extreme UK flooding Data/Population and the environment: What’s killing us now?...
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