Thames Water Hit with £40m Fine Over Dividend Breach

Britain's largest water company faces severe financial challenges and potential nationalisation.

Thames Water faces a £40m fine from Ofwat for breaching dividend payment rules.
The company is struggling with over £15bn in debt and requires £3bn in equity by 2030.
Ofwat's proposed penalty is larger than the £37.5m dividend paid to shareholders last autumn.
There are concerns that Thames Water may face temporary nationalisation if it cannot secure fresh capital.
Ofwat is considering a recovery regime to help financially stressed water companies.