Thames Water is grappling with spiralling debts and operational problems, which have resulted in a poor environmental performance and angered customers.
Thames Water Utilities Ltd has named a former senior executive at British Gas-owner Centrica PLC as its new boss as the under-fire waterworks battles financial troubles and poor performance.
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Sir Adrian Montague, the City grandee parachuted in as the new chairman of Thames Water in the summer, has admitted that he has launched internal inquiries into the financial complexity and the