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    Thames Water confirms £158m dividends despite debt and sewage leaks anger
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    Thames Water confirms £158m dividends despite debt and sewage leaks anger

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    19 Comments

    1. opjm000 on

      They are at the point now where they can’t cancel dividends as the share price would collapse and bankrupt the company.

      Really they’re just a zombie business that needs to be nationalised.

    2. Wanallo221 on

      This announced on the same day as they announced they only have enough money to last until May, in an attempt to get PFI money and government support.

      Like I get why shareholder dividends are important to attract new investors. But it should be a rule of any privatised utility that the second they enter problems, shareholders forfeit their shares back to the government. 

    3. ACO_22 on

      I’ll be very disappointed if this doesn’t come back under national ownership in the next 5 years.

      Forget giving them bailouts.

    4. ClassOf37 on

      Is this the same Thames Water who said today that they’ve only got enough money to operate for another 9 months?

      Cunts.

    5. SignalButterscotch73 on

      I hope that Labour have the guts to NOT bail them out when they go bankrupt. Let the water companies die and be re-nationalised. The privatisation of water has been an increasingly obvious disaster.

    7. Johnny-Wilde-Pro on

      I think I need to add Thames Water shares to my portfolio. What’s their market name?

    8. BestButtons on

      Their CEO:

      > Under the plans, the company would be placed in a form of special administration in the scenario that its parent company fails.

      > Mr Weston added that it is “not in the interests” of customers or investors for the company to fall into government hands.

      The cheek of it.

    9. Crazy-Fish-101 on

      Labour need to jail all these c*nts in the thames water board room.

      Pure tory corruption

    11. circle1987 on

      So basically the last squeeze of tax payer funded money to the rich before it’s taken back by the state *thumbs up*

    12. AnalThermometer on

      Bailing them out would set a terrible precedent. Labour should instead create a new nationalised water company which will gobble up all the Thames Water assets for peanuts after they go bankrupt. Leave the private investors holding the debt and other crap.

    14. ARJACE_ on

      Margaret Thatcher really was a vile cunt selling off all our oil, energy and utilities.

    15. Brottolot on

      Let them fail.

      Setup a new company, buy their assets after they fail.

      Fuck inheriting their debt when they pull this shit.

    17. Vast-Scale-9596 on

      Well thank goodness for that, I was so worried about those poor shareholders…….

    18. SP1570 on

      This is the last straw…at this point the Government should simply nationalise TW screwing current shareholders and forcing debt holders to take some of the pain too.

      Pension funds (i.e. common people) will lose out heavily, but this is not tenable anymore.

      I say this is as a liberal and full supporter of free markets..

    19. avatar8900 on

      They’ll nationalise the company, then when tories get back in, they’ll sell it to a private corporation again and so the cycle continues