The week that was: London woes, hedge funds short on water, and confusing jobs data April 20, 2024 Confusing inflation data, further tribulations for water firms and yet more woes for the London Stock Exchange, we review another busy week in the City.
Sadiq Khan vows to take on Thames Water and make London’s rivers ‘swimmable’ by 2034 April 20, 2024 Sadiq Khan says he wants to make London’s rivers “swimmable within ten years” in the face of the sewage scandal.
Thames Water won’t be drawn on secret nationalisation plan and 56 per cent bill rise claims April 19, 2024 Britain's biggest water firm, Thames Water, which has built up a mammoth £18bn debt pile, is under severe pressure to come up with fresh funding or face either collapse or being taken into public ownership.
Traders bet on Thames Water crisis contagion as firm races to agree survival plan April 17, 2024 Traders at major hedge funds are betting against the assets of British water companies amid fears over their levels of debt highlighted by the crisis engulfing Thames Water.
Former Thames Water owner among creditors fighting for payback April 9, 2024 Thames Water is in yet another crisis as its shareholders gear up for a potential re-structuring battle
Thames Water explores radical restructuring plans in fight for survival April 7, 2024 Embattled Thames Water is reportedly exploring radical plans to avoid collapse as the company and its lenders pay City advisors millions of pounds a week to work out a turnaround plan and find a way to repay its massive debts.
Thames Water default: What’s next for the company now it can’t officially pay its debts? April 5, 2024 Is Thames Water edging closer to a Bulb-style government bailout?
Thames Water’s parent company defaults on £400m loan and asks creditors to ‘take no action’ April 5, 2024 Consultancy firm Alvarez & Marsal is advising the embattled water firm in talks regarding its debt structure with its creditors.
Thames Water owners to start urgent restructuring talks April 1, 2024 The owners of Thames Water will reportedly commence restructuring talks in the coming days as the embattled firm's parent company Kemble risks entering insolvency within weeks unless lenders agree to a debt-for-equity deal.
Thames Water under fire after rower criticises ‘poo in the water’ March 31, 2024 A University of Oxford rower has criticised conditions in the River Thames during the Boat Race, saying: “It would be a lot nicer if there wasn’t as much poo in the water.” Research earlier this week found high levels of E. coli were in the part of the river used for the annual race between the University [...]