BT pension scheme lost £300m on Thames Water stake

Published June 24, 2026 · Category: Markets

Overview

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

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Details

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.

Source

Originally published at www.theguardian.com.

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