The fate of debt-laden Thames Water could become clearer later this week. The Court of Appeal is expected to decide whether the company's plan to borrow a further £3bn to avoid collapse can proceed or whether it upholds objections from a small group of creditors and Liberal Democrat MP Charlie Maynard.

Thames Water set for another vital court ruling amid administration warning - A former senior director said the water firm could collapse soon without a funding deal, which would bring it under temporary state ownership.

Thames Water, which serves around 16m customers in the UK, has been battling to stave off collapse amid a collosal £19bn debt pile.