Thames Water has blamed the Beast from the East and the summer heatwave for a surge in water leaks and supply disruption as it reported a plunge in half-year profits. Thames Water has blamed the Beast from the East and the summer heatwave for a surge in water leaks and supply disruption as it reported a plunge in half-year profits. The water giant said around 75,000 customers saw their supply hit during the freezing cold weather in March as pipes burst, while the prolonged hot summer weather compounded woes. Interim pre-tax profits crashed 69% to £67.7 million from £218.5 million a year ago after it brought forward regulatory penalties. Chief executive Steve Robertson said: “During the intense summer heatwave we worked tirelessly to protect our customers from supply restrictions.

Source: Irish Independent December 06, 2018 08:14 UTC