Debt-ridden utility warns of ‘material uncertainty’ with potential for a rapid collapse despite profit rise
Thames Water has reported a leap in half-year profits to £414m after bills rose by nearly a third, even as it warned it faced huge funding uncertainties that could result in a rapid collapse into government control.
Britain’s biggest water company on Wednesday said it had swung into profit for the six months to September, after losing £149m in the same period in 2024.
