Heavily indebted utility puts back ‘retention payments’ for 21 executives until new year amid search for rescue deal

Thames Water has deferred awarding bosses retention payments totalling £2.5m, avoiding a potentially damaging pre-Christmas row as the heavily indebted utility scrambles to agree a multibillion-pound rescue deal.

Sources at the UK’s biggest water company confirmed the controversial retention payment package for 21 senior executives, which had been due to go out this month, would remain on hold until the new year.

AttackIQ has issued recommendations in response to the Cybersecurity Advisory (CSA) released by the Cybersecurity and Infrastructure Security Agency (CISA) on December 9, 2025, which details the ongoing targeting of critical infrastructure by pro-Russia hacktivists.

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