The US buyout firm could profit from pulling the UK’s Thames Water out of distress. That’s better than the alternative — ...

Thames Water selected KKR & Co. as its preferred partner for the next stage of its efforts to raise equity and turn around the debt-laden business. Britain’s largest water and sewage company ...

Former Pennon CFO Steve Buck will join Thames Water next week at a ‘pivotal’ moment for the heavily indebted utility.

Thames Water, the UK's biggest water company, has picked US private equity giant KKR as its "preferred partner" to buy the troubled firm. The news comes shortly after Thames secured a £3bn rescue ...

Cochran, who has been with Thames since 2021, is also stepping down from the utility’s board. Cochran’s exit comes as Britain’s largest water and sewage company seeks a new owner while it ...

Thames Water appointed Steve Buck as its next chief ... and before that was at British Gas owner Centrica for 11 years. He also worked for Thames between 2002 and 2007. Buck will receive a yearly ...

River Action has warned that the Thames would be classified as ‘poor’ under regulations if it were designated as a ‘bathing ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Thames Water has estimated the cost of upgrading its flagship Oxford sewage works has risen from £40mn to ...

And so Thames has been looking for a new owner to finance a turnaround plan after existing shareholders declared the business “uninvestible.” Other than KKR, suitors included Castle Water ...

He has also held a number of senior finance roles at British Gas owner Centrica, and previously worked for Thames Water between 2002 and 2007. His new role will give him a £500,000 annual salary ...

Choosing a preferred bidder is a step forward in a complex process toward a comprehensive restructuring and relaunch of Thames Water. The firm has long been weighed down by debts that have seen its ...