UK water firm gives US$1.35 million payout to finance boss despite massive debt

Thames Water has handed a delayed £1 million (US$1.35 million) “golden handshake” payment to its chief financial officer and agreed controversial retention payouts to top bosses despite its battle to secure its financial future. The stricken supplier, which is sinking under a debt pile of more than £20 billion, disclos

Utility firm’s payment criticised by Defra and campaign groups, with some urging Andy Burnham to nationalise it Thames Water has paid its finance chief a £1m signing fee despite teetering on the brink of a government-handled administration, in a decision which the environment department labelled “unacceptable”. The uti

MoneyThe Co-operative Bank PLCIt makes for a total of £300 in free cash13:25, 10 Aug 2026The Co-operative Bank is reminding customers that there is now just a week left to bag an extra £100 payment, giving those eligible a total of £300.‌It said time was ticking to take advantage of what is called "its biggest-ever swi

The supplier has also reached settlement on controversial retention payments to 14 current and former senior executives.

The supplier has also reached settlement on controversial retention payments to 14 current and former senior executives.

The supplier has also reached settlement on controversial retention payments to 14 current and former senior executives.

Thames Water is facing renewed calls for it to be taken into public ownership after it handed its finance boss a £1million signing-on fee.

Thames Water is facing renewed calls for it to be taken into public ownership after it handed its finance boss a £1million 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.

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…

For decades, business management was guided by major economic indicators such as inflation, interest rates, GDP growth, consumption or unemployment, which determined a large part of investment decisions. Companies were preparing to face more or less favorable economic cycles and adjusted their strategy according to thi