Thames Water faces collapse as crisis talks take ‘longer than expected’

Debt-ridden utility company warns of material uncertainty' despite seeing profits rise to more than 400m

Thames Water has said crisis talks to secure its future with lenders are taking longer than expected" and will drag into 2026 as it faces the prospect of a collapse into government control.

Britain's biggest water company on Wednesday said it had swung to a profit of 414m for the six months to September helped by bills rising by nearly a third, after losing 149m in the same period in 2024.