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Environment

Thames Water increases bonus payments to £4m despite uncertainty over future

The Guardian Business Wednesday 15 July 2026, 13:33 UTC By Joanna Partridge and Jasper Jolly 1 min read
Key Points

Annual results show struggling firm’s net debt has risen to £19.7bn, up from £17.7bn a year earlierBusiness live – latest updatesThames Water increased its bonus payouts to £4.1m for senior managers, despite warning over “material uncertainty” over its future as it scrambles to recapitalise to avoid nationalisation. The water company also gave a pay rise to its chief executive, Chris Weston, and drew the ire of Emma Reynolds, the environment secretary, for paying him a previously deferred...

Annual results show struggling firm’s net debt has risen to £19.7bn, up from £17.7bn a year earlier

Thames Water increased its bonus payouts to £4.1m for senior managers, despite warning over “material uncertainty” over its future as it scrambles to recapitalise to avoid nationalisation.

The water company also gave a pay rise to its chief executive, Chris Weston, and drew the ire of Emma Reynolds, the environment secretary, for paying him a previously deferred bonus of £99,000 – despite a ban on bonuses because of pollution failures.

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Thames Water (ORG) Chris Weston (PERSON) Emma Reynolds (PERSON)
Originally published by The Guardian Business Read original →

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