Thames Water gave finance boss a £1m signing-on fee

The seven-figure payment was given to Steve Buck as part of package to persuade him to join the troubled utility company.

Britain's largest water firm is teetering on the edge of collapse and has warned it could run out of cash by the end of the year

Campaign group says firm is ‘taking the mickey’ by paying fee and Andy Burnham should nationalise it Business live – latest updates Thames Water has paid its chief financial officer, Steve Buck, a £1m signing fee despite intense scrutiny of Britain’s biggest water company’s finances as it tries to avoid being taken i

Thames Water risks igniting a fresh storm over boardroom pay after handing a £1m signing-on fee to its finance chief even as it teeters on the brink of collapse.

Thames Water is facing a fresh threat to its survival after breaching pensions regulations, opening up the possibility of a costly probe. The Reading-based business, which could run out of cash as soon as December, missed a statutory deadline at the end of June to value its company pension scheme and is now facing a…