Utility wants to raise bills by 56% by 2030 in effort to stop investors walking away
UK’s biggest water utility, the government and Ofwat are at an impasse over its finances
The founder of collapsed crypto exchange FTX was sentenced for fraud
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Investors say regulatory conditions make utility’s business plan ‘uninvestable’
Organisers say teams have been briefed to ensure they are ‘as safe as possible’ after high levels of E. coli found due to sewage discharges
The utility’s nine shareholders and regulator Ofwat have moved firmly beyond bluff tactics
Shareholders refuse to confirm they will make fresh equity injection
The prime minister’s business aide is overseeing efforts to avert the utility’s potential failure
Without fresh equity the UK utility would have to slash costs and investment and focus squarely on cash preservation
Regulator has new options to take away investors’ ownership of water companies while leaving them dealing with debt
Water company seeks to avoid government bailout as officials make contingency plan for its failure dubbed Project Timber
City veteran will stay as chair of regulated entity as utility faces financial pressures
New rules provide more options for special administrators to restructure groups unable to repay their debts
Thames Water apologises to staff and students at prestigious public school after in-person return delayed
Chris Weston aims to put UK utility on a stable footing despite ongoing regulatory uncertainty and threat of penalties
USS writedown comes as the utility is seeking to raise £2.5bn of new equity
Former Aggreko boss Chris Weston takes over as utility faces scrutiny over financial health
MPs summon executives and regulators over water utility’s £18bn debt mountain
Persuading investors about its funding and convincing politicians are two different things
Britain’s largest water utility faces scrutiny from parliamentarians and the regulator
UK utility must simplify its financial structure
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Concerns growing over financial health of UK’s biggest water company
Shareholders structured a £500mn cash injection as a loan charging 8% interest
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