BT pension scheme lost £300m on Thames Water stake

The Guardian UK Wednesday 24 June 2026, 14:45 UTC By Julia Kollewe 1 min read

Key Points

Loss came after decision to write off 8.7% equity stake in water company moving closer towards nationalisationBusiness live – latest updatesThe BT pension scheme lost £300m after writing off its holding in Thames Water, the UK’s largest water company that is buckling under a £20bn debt pile. The loss came after the telecoms company’s decision to write off its 8.7% equity stake in Thames in 2024, according to a presentation to analysts captured in a video, in news first reported by the...

Loss came after decision to write off 8.7% equity stake in water company moving closer towards nationalisation

Business live – latest updates

The BT pension scheme lost £300m after writing off its holding in Thames Water, the UK’s largest water company that is buckling under a £20bn debt pile.

The loss came after the telecoms company’s decision to write off its 8.7% equity stake in Thames in 2024, according to a presentation to analysts captured in a video, in news first reported by the Financial Times.

Thames Water (ORG) UK (LOCATION) Thames (LOCATION) the Financial Times (ORG)

Originally published by The Guardian UK Read original →

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BT pension scheme lost £300m on Thames Water stake

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