Legal control of Thames Water has passed to creditors providing a controversial £3bn loan to the cash-strapped utility without Ofwat’s formal approval, according to claims set out in a letter to the ...

Thames Water has received court approval for up to 3 billion pounds of emergency funding. That prevents the company that serves 16 million people in and around London from falling into government ...

Rothschild & Co. has been trying to find a new owner for Thames Water for months, but the process has been complicated by the firm’s immediate need for liquidity and a restructuring of its debt ...

Taxpayers and the pension schemes of Thames Water workers would both suffer if the UK's largest water company was temporarily nationalised, the water regulator and Thames' pension trustees have ...

Thames Water needs to restructure its debt and capital structure as part of a broad turnaround, and would benefit from a single active owner, a source familiar with the matter told CNBC.

Thames Water is seeking to line up CK Infrastructure Holdings Ltd. as a potential buyer for the utility if it’s pushed into ...

Thames Water wants CK Infrastructure as a potential buyer if court appeal fails, aiming to minimise nationalisation time and ...

It's was crunch time for the UK's biggest water provider Thames Water as its fate was announced on Tuesday morning. Thames Water finances hung in the balance with debts of £16bn and existing ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Thames Water has been given the go-ahead for up to £3bn of high-cost borrowing in an effort to avoid ...

The new funding is designed to stop Thames Water going bust in the short term. Thames Water has been at the centre of a growing scandal in the wider water industry. Bills will climb steeply over ...

The cash-strapped firm had a rescue deal approved last month, but junior creditors and a UK politician have appealed that ruling. With it’s future hanging in the balance Thames is making preparations ...