Thames Water hit by £2bn bill for finance costs and advisers’ fees - Financial Times

Subscribe to read

* Sign In
* Subscribe

Open side navigation menuOpen search bar

SubscribeSign In

Popular Searches

* What is the latest news on the UK economy?
* Western support for Ukraine
* How will AI be regulated?
* UK inflation vs the world
* How will the UK economy fare in 2026?

* Home
* World
Sections

+ World Home
+ Middle East war
+ Global Economy
+ UK
+ US
+ China
+ Africa
+ Asia Pacific
+ Emerging Markets
+ Europe
+ War in Ukraine
+ Americas
+ Middle East & North Africa
Most Read

+ Saudi Arabia shuts East-West pipeline that bypasses Hormuz after attacks
+ We are setting up a generation to fail at school
+ JPMorgan cut off Situational Awareness lending after AI losses
+ Military jet triggered UK’s latest air traffic meltdown
+ Larry Ellison to sell up to $7.5bn worth of Oracle stock
* US
Sections

+ US Home
+ US Economy
+ US Companies
+ US Politics & Policy
Most Read

+ JPMorgan cut off Situational Awareness lending after AI losses
+ Larry Ellison to sell up to $7.5bn worth of Oracle stock
+ US limits air defence time slots for tankers sailing through Hormuz
+ How both sides lost after 9/11
+ Why Warsh is starting to bite back
* Companies
Sections

+ Companies Home
+ Energy
+ Financials
+ Health
+ Industrials
+ Media
+ Professional Services
+ Retail & Consumer
+ Tech Sector
+ Telecoms
+ Transport
Most Read

+ Saudi Arabia shuts East-West pipeline that bypasses Hormuz after attacks
+ Why the AI race has its creators fearing human extinction
+ JPMorgan cut off Situational Awareness lending after AI losses
+ Military jet triggered UK’s latest air traffic meltdown
+ Larry Ellison to sell up to $7.5bn worth of Oracle stock
* Tech
Sections

+ Tech Home
+ Artificial intelligence
+ Semiconductors
+ Cyber Security
+ Social Media
Most Read

+ Why the AI race has its creators fearing human extinction
+ Larry Ellison to sell up to $7.5bn worth of Oracle stock
+ Anthropic says it stopped scientists potentially developing bioweapons with AI
+ UK economy unexpectedly grew 0.4% in July boosted by AI surge
+ Big AI’s open-model problem
* Markets
Sections

+ Markets Home
+ Alphaville
+ Markets Data
+ Private markets
+ Equities
+ Bonds
+ Currencies
+ Commodities
+ Crypto
+ Monetary Policy Radar
+ Wealth Management
+ Moral Money
+ ETF Hub
+ Asset management
Most Read

+ Saudi Arabia shuts East-West pipeline that bypasses Hormuz after attacks
+ JPMorgan cut off Situational Awareness lending after AI losses
+ Larry Ellison to sell up to $7.5bn worth of Oracle stock
+ Chinese crypto investor was seller of £190mn London mansion
+ Houthis seize Red Sea islands in lightning offensive
* Climate
* Opinion
Sections

+ Opinion Home
+ Columnists
+ The FT View
+ The Big Read
+ Lex
+ Obituaries
+ Letters
Most Read

+ We are setting up a generation to fail at school
+ Why I, a non-billionaire, am not leaving the UK
+ How both sides lost after 9/11
+ Why Warsh is starting to bite back
+ Is Bessent winning the wrong battle in markets?
* Lex
* Work & Careers
Sections

+ Work & Careers Home
+ Business School Rankings
+ Business Education
+ Europe's Start-Up Hubs
+ Entrepreneurship
+ Recruitment
+ Business Books
+ Business Travel
+ Working It
Most Read

+ Silicon Valley bets on the impossible again
+ Ryanair investors revolt over Michael O’Leary’s €150mn pay deal
+ Florian de Chezelles: ‘We’re only as good as the last salad we’ve made’
+ Five of London’s best in-store restaurants and cafés
+ An ode to North America’s longest saltwater pool
* Life & Arts
Sections

+ Life & Arts Home
+ Arts
+ Books
+ Food & Drink
+ FT Magazine
+ House & Home
+ Style
+ Puzzles
+ Travel
+ FT Globetrotter
Most Read

+ How both sides lost after 9/11
+ A new world map fixes Africa’s 16th-century distortion
+ The Ritz-Carlton purge, a $1.3bn demand and nine years trapped in Saudi Arabia
+ Soho House founder Nick Jones: ‘We were never trying to be exclusive’
+ Germany’s nostalgia problem
* How To Spend It

MenuSearch

* Home
* World
* US
* Companies
* Tech
* Markets
* Climate
* Opinion
* Lex
* Work & Careers
* Life & Arts
* How To Spend It

Financial Times

SubscribeSign In

Popular Searches

* What is the latest news on the UK economy?
* Western support for Ukraine
* How will AI be regulated?
* UK inflation vs the world
* How will the UK economy fare in 2026?

Thames Water hit by £2bn bill for finance costs and advisers’ fees

Subscribe to unlock this article

Save over 40% on Standard Digital

was

$540

now

$299

for your first year.

Save now on essential digital access to trusted FT journalism on any device. Savings based on annualised monthly price.

Subscribe for $299

* Global news & analysis
* Expert opinion
* FT App on Android & iOS
* FT Edit app
* First FT: the day’s biggest stories
* 20+ curated newsletters
* Follow topics and set up personalized alerts
* FT Videos & Podcasts
* 10 monthly gift articles to share

Explore more offers.

Trial

$1

for 4 weeks

Then

$75

per month. Complete digital access with exclusive insights and industry deep dives on any device. Cancel anytime during your trial.

Select

* Global news & analysis
* Expert opinion
* FT App on Android & iOS
* FT Edit: Access on iOS and web
* FirstFT: the day's biggest stories
* 20+ curated newsletters
* Follow topics & set alerts with myFT
* FT Videos & Podcasts
* 20 monthly gift articles to share
* Lex: FT's flagship investment column
* 15+ Premium newsletters by leading experts
* FT Digital Edition: our digitised print edition

Premium Digital

Complete coverage

$75

per month

Complete digital access with exclusive insights and industry deep dives on any device.

Select

* Global news & analysis
* Expert opinion
* FT App on Android & iOS
* FT Edit: Access on iOS and web
* FirstFT: the day's biggest stories
* 20+ curated newsletters
* Follow topics & set alerts with myFT
* FT Videos & Podcasts
* 20 monthly gift articles to share
* Lex: FT's flagship investment column
* 15+ Premium newsletters by leading experts
* FT Digital Edition: our digitised print edition

Print

Save over 65%

was

$409

now

$129

for your first year

Save now on our curated print edition delivered Monday - Saturday\* plus our digitised print replica. Savings based on annual price.

Select

* Weekday Print Edition
* FT Weekend
* FT Digital Edition: our digitised print edition
* Global news & analysis
* Expert opinion
* Special features
* Exclusive FT analysis

Check whether you already have access via your university

or organisation.

Terms & Conditions apply

\*Hand delivery availability confirmed when you enter your address.

Explore our full range of subscriptions.

For individuals

Discover all the plans currently available in your country

DigitalPrintPrint + Digital

For multiple readers

Digital access for organisations. Includes exclusive features and content.

FT Professional

!Over one million readers pay to read the Financial TimesFind out why

Useful links

Support

Help CentreContact UsAbout UsAccessibilityCareersSuppliers

Legal & Privacy

Terms & ConditionsPrivacy PolicyCookie PolicyManage CookiesCopyrightSlavery Statement & Policies

Services

Share News Tips SecurelyIndividual SubscriptionsProfessional SubscriptionsRepublishingExecutive Job SearchAdvertise with the FTFollow the FT on XFT ChannelsFT Schools

Tools

PortfolioFT AppFT Digital EditionFT EditAlerts HubBusiness School RankingsSubscription ManagerNews feedNewslettersCurrency Converter

Community & Events

FT Live EventsFT ForumsFT Leaders Academy

More from the FT Group

Markets data delayed by at least 15 minutes. © T