Thames Water Secures Funding Until Year-End Amid Rising Debt
Thames Water has confirmed it has sufficient funding to operate until the end of the year, despite its net debt increasing to £18.5 billion. The company's boss is seeking urgent clarity from the new Prime Minister regarding further funding from creditors.
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Thames Water says it has enough funding to survive until end of year
Annual results show struggling firm’s net debt has risen to £18.5bn, up from £16.8bn a year earlier Business live – latest updates Thames Water has said it has sufficient funding to survive until the end of the year, as it scrambles to recapitalise to avoid nationalisation. The UK’s largest water company, which serves 16 million customers in London and the south of England, said it continued to work with creditors, regulators and the government on a recapitalisation plan. Continue reading...
By Joanna Partridge
Read full article →Thames Water boss seeks urgent clarity from new PM as funding set to dry up
Chris Weston said the firm has enough funding until October unless it can agree further funding from creditors.
By Holly Williams
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