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...Thames Water and Southern Water only mapped the pipes as they worked on them, leaving a large proportion of the network unchecked, the two companies revealed in responses to freedom of information requests...
...Meanwhile, the Environment Agency is conducting a far-reaching criminal investigation into suspected widespread non-compliance by water and sewerage companies at more than 2,200 sewage treatment works....
...The Environment Agency is conducting its largest ever criminal investigation into potential widespread non-compliance by water and sewerage companies at more than 2,200 sewage treatment works, while Ofwat...
...Other operational pressures at SE Water include being singled out by the Drinking Water Inspectorate for failing to ensure that water leaving the company’s treatment works had “received sufficient preliminary...
...The in-house chips made by the big cloud companies, meanwhile, may cut into Nvidia’s business as they take on more of the work of training the companies’ own AI models....
...Water usage would be monitored by water companies through their meters, which are installed in properties, with the data checked by the Environment Agency and the new operator....
...However, the utility said on Monday that it was also proposing an extra £1.9bn of investment over the five-year period, dependent on its ability to secure the supply chain to deliver the work....
...One of the enormous strengths of the capitalist system is that it allows for a fresh start (“The cautionary tale of Thames Water?”, FT View, April 1)....
...Many of Thames Water’s 16mn customers might feel the same way about the state of water 35 years after Margaret Thatcher’s government privatised England’s water companies....
...“We would encourage drinks companies to look not only within the factory fence to assess their water risks and impact, but to listen to and work with the communities where they’re based,” Holme advises....
...The investor resistance to Ofwat’s demands precipitated a default by Thames Water’s parent company last week....
...Thames Water has a complex group structure with seven layers between the parent company and the operating company, which is regulated by Ofwat and collects customer bill payments....
...The EA is also conducting its largest ever criminal investigation into potential widespread non-compliance by water and sewerage companies at more than 2,200 sewage treatment works....
...Leverage is high at about 80 per cent in the utility, the debt held in the subsidiary company Thames Water Utilities Finance, within the regulatory ringfence....
...David said she was “entirely focused on my role as interim CEO as we work to accelerate our operational strategy, and look forward to taking over the baton from Barry in due course”....
...It is time for investors in private companies like Thames Water to take a more scientific view of asset pricing....
...fines as part of the Environment Agency’s criminal investigation into alleged failings at sewage treatment works....
...Whether Wall Street has the patience to wait it out is another question. richard.waters@ft.com...
...up the baton from Gwyneth Paltrow), who’s suspicious of the inscrutable interloper....
...“There are a few countries — like Germany and Japan — where public funding mechanisms for water work well, but then you have the opposite problem: over-investment,” he says....
...This week, meanwhile, brought news that many of the engineers from Apple’s car project will be moved across to work on generative AI, following the company’s abandonment of a decade-long autonomous vehicle...
...The next one could be equally extraordinary. richard.waters@ft.com...
...Thames Water is expecting a similar claim, the company says in its prospectus....
...the world’s most valuable company in 2016....
...Paris had attempted to water down the law even more last week, despite having secured concessions on the banking sector in December....
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