Thames Water gave finance boss a £1m signing-on fee

Thames Water paid finance chief Steve Buck a £1 million signing-on fee funded from emergency lender financing as the utility. More from BBC News.

The UK government has branded the move as “unacceptable,” intensifying political pressure on the heavily indebted utility as ministers weigh whether to allow a creditor-led rescue or place the company into a special administration regime. More from The Guardian.