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Thames Water Faces £40 Million Ofwat Fine Over Dividend Payment
Jun 1, 2024, 10:47 AM
Thames Water is facing a fine of more than £40 million imposed by Ofwat. The penalty is related to the payment of a shareholder dividend despite the company's poor performance. This action has been widely reported by Sky, highlighting the regulatory body's enforcement of rules on dividend payments.
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Markets
No • 50%
Yes • 50%
Official announcement from Thames Water or media coverage
Yes • 50%
No • 50%
Thames Water's financial statements or official announcements
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Official announcement from Ofwat or Thames Water's financial statements
CEO replaced • 25%
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CFO replaced • 25%
Official announcements from Thames Water or media coverage
Fine overturned on appeal • 33%
Fine upheld and paid • 33%
Fine reduced • 33%
Official announcements from Ofwat or regulatory filings
Underperform • 33%
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Stock market performance data from financial platforms