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Thames Water hit with £123m of fines over sewage and dividend breaches

As Ofwat imposes record fine for environmental failing, minister says ‘era of profiting from failure is over’Business live – latest updatesThames Water has been hit with a record £104m fine over environmental breaches involving sewage spills, after failing to operate and manage its treatment works and wastewater networks effectively.The water regulator Ofwat confirmed on Wednesday that it was issuing the debt-laden utility with £123m of penalties that would be “paid by the company and its investors, and not by customers”. Continue reading...

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