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Debt-laden utility urged to show greater transparency as it faces investigation by industry regulator OfwatThames Water has been urged to show greater transparency over its finances and was accused of “financial chicanery” after it emerged its board had approved a £150m dividend hours before its shareholders U-turned on providing emergency funding.The Guardian revealed last week that the board of the struggling water supplier agreed to the payout at a meeting on 27 March. Continue reading…
Debt-laden utility urged to show greater transparency as it faces investigation by industry regulator Ofwat
Thames Water has been urged to show greater transparency over its finances and was accused of “financial chicanery” after it emerged its board had approved a £150m dividend hours before its shareholders U-turned on providing emergency funding.
The Guardian revealed last week that the board of the struggling water supplier agreed to the payout at a meeting on 27 March.