Struggling Thames Water sees sewage spills rise

The embattled Thames Water saw a 40% summation successful contamination incidents successful the archetypal fractional of the twelvemonth arsenic its debts continued to spiral.

The UK's biggest h2o steadfast reported 359 alleged class 1 to 3 contamination incidents successful the six months to 30 September, which it said was owed a bedewed outpouring and summer.

Its brag Chris Weston said the institution had made "solid progress" connected its attempted turnaround, but that grounds rainfall meant pollutions and spills were "unfortunately up".

The ailing concern is saddled with debts which stood astatine conscionable nether £16bn successful those six months, up 7% connected the twelvemonth before.

An insider told the BBC that if it was not for the firm's immense indebtedness pile, Thames would beryllium successful tenable signifier financially.

But the institution could tally retired of wealth wrong the archetypal 3 months of 2025, which is wherefore its creditors secured a lifeline of up to £3bn to beryllium released successful 2 tranches, the archetypal £1.5bn of which could beryllium released successful February.

The endurance of the institution depends a currency infusion from investors during this time. One successful 4 radical successful the UK trust connected Thames for their h2o supply.