Thames Water secures £3bn lifeline after court ruling
Thames Water has won a crucial High Court battle to secure a £3bn rescue loan, staving off the prospect of the debt-laden company coming under government control. The UK's largest water and waste company was set to run out of cash by the end of March and would have likely been placed into temporary nationalisation to keep services running.
Thames Water restructuring plan approved by High Court
Thames Water’s restructuring plans have been approved by the High Court, giving the beleagured utility a lifeline to avoid temporary nationalisation. The UK’s biggest water supplier had been set to run out of money by 24 March without a £3bn loan from its creditors,
Once the debt has been slashed, the only long-term solution is full public ownership.’ Thames Water said it would completely ...
Britain’s water industry is bracing for the biggest overhaul since privatization in 1989 amid a scandal over systematic ...
CAMPAIGNERS have criticised a £3 billion bailout of Thames Water. The company won a High Court application to secure a loan ...
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Thames Water asks watchdog to let it charge even higher billsThe move is likely to spark further controversy among politicians and consumer groups given Thames’s upcoming bill increases.
The company has already been allowed a 35% rise in consumer bills over the next five years by water regulator Ofwat, after Thames had lobbied ... “I think the problem for us is, we’re in ...
KKR has made a £4bn equity bid for Thames Water, the embattled utility facing a major funding crisis, according to Bloomberg.
The company's debts are so high and its cash reserves are so low that it would have gone out of business in March ...
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