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corporate debt

  • Pret A Manger hit with winding up petition by water company

    Retail

    Pret A Manger has been hit with a winding up petition by a business water supplier over unpaid debts

    Pret A Manger has been hit with a winding up petition. (Photo by Spencer Platt/Getty Images)
  • Thames Water in talks over £3.3bn emergency fundraising deal

    Water

    Thames Water has been in contact with Brookfield Infrastructure Partners and Global Infrastructure Partners about a £3.3bn emergency fundraising deal to help pay off some of the struggling utility’s large debt pile, according to reports. The firm, which is the largest of Britain’s privatised regional monopolies, has set itself a deadline of early November to [...]

    Charlie Maynard, MP for Witney, was among a group which included the utility's secondary creditors, who opposed a £3bn emergency loan agreement earlier this year.
  • Risky debt investors flood into Thames Water debt as regulator plots carve-up

    thames water

    Thames Water is currently buckling under a £15bn debt pile, and the price of its bonds has collapsed over fears it might go into administration.

    Thames Water’s hopes of recovery continue to be stymied by growing debts, which totalled less than £5bn in 2008.

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