Campaigners call for a ‘seat at the table’ on Thames Water’s future outside court
A table was set up outside the court in a stunt organised by We Own It and Compass, which called for the creation of an emergency board to provide public scrutiny and input on plans for the water privateer’s future.
Thames Water’s Rescue Loan Faces UK Court of Appeal Challenge
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 to enter special administration, a form of government-managed insolvency, in the event that a panel of three judges overturns the decision.
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 ...
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 ...
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 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 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 ...
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