Apologies, but this is going to be a long post. All the information below is from Wikipedia. It is fairly hairaising.  After MacQuire's "asset stripping", please check the last paragraph that lists who the mayor shareholders are.  Heartbreaking?  One heck of an understatement! https://en.wikipedia.org/wiki/Thames_Water Privatisation In 1989, the responsibility for navigation, regulatory, river and channels management was transferred from the Thames Water Authority to the National Rivers Authority, which later became part of the Environment Agency. The remainder of the Thames Water Authority was privatised as Thames Water Utilities Limited. Takeovers Thames Water plc was acquired by the German utility company RWE in 2001.[6] On 17 October 2006, following several years of criticism about failed leakage targets in the UK, RWE announced it would sell Thames Water for £8 billion to Kemble Water Holdings Ltd, a consortium led by the Australian Macquarie Group which appointed David Owens as CEO. In December 2006, the sale of Thames Water's British operation went ahead, with RWE keeping the overseas operations. However, during the 11 years of Macquarie's ownership, which ended in 2017, there were substantial dividend payouts to shareholders. In this period debts more than tripled from £3.2bn to £10.5bn (unadjusted for inflation) as Macquarie borrowed against the company's assets to increase dividend payments. During these 11 years £2.8bn was paid to shareholders, 40% of the total £7bn in dividends paid in the 32 years from 1990 to 2022. Sale by Macquarie From 2017, under the government's Open Water programme, and in common with all water and sewerage companies, Thames Water was required to provide entirely separate retail and wholesale operations for its commercial customers, working through a central market operator. On 14 March 2017, Macquarie Group sold its remaining stake in Thames Water's holding company to Canadian pensions group OMERS and the Kuwait Investment Authority. On 22 March 2017 a record fine of £20.3m was imposed on Thames Water after large leaks of untreated sewage, totalling 1.4bn litres, occurred over a number of years. As of July 2023, the company listed its shareholders as: OMERS (32%), the Universities Superannuation Scheme (USS - 20%), Infinity Investments (a subsidiary of the Abu Dhabi Investment Authority) (10%), British Columbia Investment Management Corporation (9%), Hermes Investment Management (manager of the BT Pension Scheme) (9%), the China Investment Corporation (9%), Queensland Investment Corporation (5%), Aquila GP Inc. (5%), and Stichting Pensioenfonds Zorg en Welzijn (2%). Shareholders have not taken a dividend since 2017, though the company has paid internal dividends from the operational business to holding companies to be able to service its debt obligations.

Entire Thread

Topic	Date Posted	Posted By
Toxic Thames.	27/03/24 10:31:00	Barbara Stevens
Re:Toxic Thames.	27/03/24 10:35:00	Barbara Stevens
Re:Re:Toxic Thames.	27/03/24 11:02:00	John Kettlekey
Re:Re:Re:Toxic Thames.	27/03/24 12:25:00	Michael Ixer
Re:Toxic Thames.	27/03/24 12:37:00	Philippa Bond
Re:Re:Toxic Thames.	27/03/24 12:42:00	Barbara Stevens
Re:Re:Re:Toxic Thames.	27/03/24 12:52:00	Philippa Bond
Re:Re:Re:Re:Toxic Thames.	27/03/24 13:46:00	Andy Pike
Re:Re:Re:Re:Re:Toxic Thames.	27/03/24 14:03:00	Barbara Stevens
Re:Re:Re:Re:Re:Re:Toxic Thames.	27/03/24 16:51:00	Andy Pike
Re:Toxic Thames.	27/03/24 15:01:00	Ivonne Holliday
Re:Re:Toxic Thames.	27/03/24 17:01:00	Richard Carter
Re:Re:Re:Toxic Thames.	27/03/24 21:51:00	Philippa Bond
Re:Re:Re:Re:Toxic Thames.	27/03/24 22:04:00	Philippa Bond
Re:Re:Re:Toxic Thames: even worse than I rhought	28/03/24 07:20:00	Richard Carter
Re:Re:Re:Re:Toxic Thames: even worse than I rhought	28/03/24 09:26:00	Alexander MacLeod
Re:Re:Re:Re:Toxic Thames: even worse than I rhought	28/03/24 09:30:00	Alexander MacLeod
Re:Re:Re:Re:Re:Toxic Thames: even worse than I rhought	28/03/24 10:32:00	Richard Carter
Re:Re:Re:Re:Re:Re:Toxic Thames: even worse than I rhought	28/03/24 11:11:00	Philippa Bond
Re:Re:Re:Re:Re:Re:Re:Toxic Thames: even worse than I rhought	28/03/24 11:25:00	Philippa Bond
Reply	28/03/24 11:25:00	Michael Ixer
Reply	28/03/24 11:24:00	Richard Carter
Re:Reply	28/03/24 11:46:00	Philippa Bond
Re:Re:Reply	28/03/24 11:52:00	Philippa Bond
Re:Re:Re:Reply	28/03/24 11:56:00	Andy Pike
Reply	28/03/24 12:57:00	Michael Ixer
Re:Reply	28/03/24 13:07:00	Andy Pike
Reply	28/03/24 13:24:00	Michael Ixer
Reply	28/03/24 13:29:00	Michael Ixer
Re:Reply	28/03/24 12:13:00	Ivonne Holliday
Re:Re:Reply	28/03/24 12:46:00	Richard Carter
Re:Re:Re:Reply	28/03/24 14:12:00	Philippa Bond
Re:Toxic Thames.	28/03/24 15:17:00	Fross Walters
Re:Re:Toxic Thames.	28/03/24 16:48:00	Richard Carter
Re:Re:Re:Toxic Thames.	28/03/24 17:27:00	Alexander MacLeod
Re:Re:Re:Re:Toxic Thames.	29/03/24 07:52:00	Richard Carter
Re:Toxic Thames.	29/03/24 16:18:00	Vic Condon
Re:Re:Toxic Thames.	30/03/24 08:09:00	Richard Carter
Re:Re:Re:Toxic Thames.	30/03/24 12:13:00	Ed Robinson
Re:Toxic Thames.	03/04/24 08:40:00	Richard Carter
Re:Re:Toxic Thames.	03/04/24 10:26:00	Barbara Stevens
Reply	03/04/24 10:48:00	Michael Ixer
Re:Reply	03/04/24 11:12:00	Andy Pike
Reply	03/04/24 11:28:00	Michael Ixer
Re:Reply	03/04/24 11:47:00	Richard Carter
Re:Reply	03/04/24 13:55:00	Philippa Bond
Re:Re:Reply	03/04/24 14:03:00	Barbara Stevens
Re:Re:Re:Reply	03/04/24 16:10:00	Philippa Bond
Re:Re:Re:Re:Reply	03/04/24 16:19:00	John Kettlekey
Re:Re:Re:Re:Re:Reply	04/04/24 14:14:00	Philippa Bond
Re:Re:Re:Re:Re:Re:Reply	05/04/24 14:20:00	Richard Carter
Re:Re:Re:Re:Re:Re:Re:Reply	07/04/24 07:48:00	Andy Pike
Reply	05/04/24 15:27:00	Michael Ixer
Re:Toxic Thames.	05/04/24 23:32:00	Philippa Bond
Re:Toxic Thames.	06/04/24 22:30:00	Canice Valentine Kelly
Re:Re:Toxic Thames.	07/04/24 16:51:00	Philippa Bond
Re:Re:Re:Toxic Thames.	11/04/24 07:48:00	Philippa Bond
Reply	13/04/24 08:30:00	Richard Carter
Re:  It really should list ALL of those companies who are guilty of this!	17/04/24 15:58:00	Philippa Bond
Re:Re:  It really should list ALL of those companies who are guilty of this!	19/04/24 15:38:00	Philippa Bond

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