{"id":192078,"date":"2024-12-10T08:25:03","date_gmt":"2024-12-10T08:25:03","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/12\/10\/thames-water-sewage-spills-soar-as-debts-swell\/"},"modified":"2024-12-10T08:25:03","modified_gmt":"2024-12-10T08:25:03","slug":"thames-water-sewage-spills-soar-as-debts-swell","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/12\/10\/thames-water-sewage-spills-soar-as-debts-swell\/","title":{"rendered":"Thames Water: Sewage spills soar as debts swell"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/i3.wp.com\/ichef.bbci.co.uk\/news\/1024\/branded_news\/1c45\/live\/d84a9530-b6bf-11ef-b88b-43cd3d9a618d.jpg?fit=1024,576&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Thames Water: Sewage spills soar as debts swell\" title=\"Thames Water: Sewage spills soar as debts swell\" \/><\/div><p> <br \/>\n<\/p>\n<div data-component=\"text-block\">\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The embattled Thames Water saw a 40% increase in pollution incidents in the first half of the year as its debts continued to swell.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The UK&#8217;s biggest water firm reported 359 so-called category one to three pollution incidents in the six months to 30 September, which it said was due a wet spring and summer.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Its boss Chris Weston said the company had made &#8220;solid progress&#8221; on its attempted turnaround, but that record rainfall meant pollutions and spills were &#8220;unfortunately up&#8221;.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The ailing business is saddled with debts which stood at just under \u00a316bn in those six months, up 7% on the year before.<!-- --><\/p>\n<\/div>\n<div data-component=\"text-block\">\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">An insider told the BBC that if it was not for the firm&#8217;s huge debt pile, Thames would be in reasonable shape financially.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">In its latest results, it reported a profit before tax of \u00a3249.6m &#8211; 20% up on the year before.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">But the company could run out of money within the first three months of 2025, which is why its creditors <!-- --><a target=\"_self\" href=\"https:\/\/www.bbc.co.uk\/news\/articles\/c704wzx38p1o\" class=\"sc-c9299ecf-0 bZUiKB\" rel=\"noopener\">secured a lifeline of up to \u00a33bn<!-- --><\/a> to be released in two tranches, the first \u00a31.5bn of which could be released in February.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The survival of the company depends a cash infusion from investors during this time, although water supplies will not be affected by the outcome.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">One in four people in the UK rely on Thames and its customers are facing a steep rise in bills.<!-- --><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.com\/news\/articles\/cg4zklxgwwwo\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The embattled Thames Water saw a 40% increase in pollution incidents in the first half of the year as its debts continued to swell. The UK&#8217;s biggest water firm reported 359 so-called category one to three pollution incidents in the six months to 30 September, which it said was due a wet spring and summer. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":192079,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/ichef.bbci.co.uk\/news\/1024\/branded_news\/1c45\/live\/d84a9530-b6bf-11ef-b88b-43cd3d9a618d.jpg","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[14583,6973,17745,16215,24620,17217,556],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/192078"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=192078"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/192078\/revisions"}],"predecessor-version":[{"id":192080,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/192078\/revisions\/192080"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/192079"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=192078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=192078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=192078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}