Thames Water could tap Labour peer as chair if rescue deal goes ahead Water Thames Water will appoint a Labour peer to become its new chair if a rescue deal goes ahead, a group of its creditors has said, as the embattled utility fights to stave off nationalisation. London & Valley Water, a consortium of investors and creditors to Thames Water which has submitted turnaround plans to keep the [...]
Why don’t London’s luxury hotels make any money? hospitality London is home to some of the most iconic and well-known luxury hotels in the world. The Savoy, the Ritz, The Dorchester and Claridge’s, to name just a few, are renowned the world over and have played host to the ultra wealth, celebrities and royalty. Also appearing in a string of popular films, London’s luxury [...]
Thames Water’s cash crunch intensifies as bailout rumours swirl Water Thames Water faces a race against time to avoid collapse even after securing a short-term cash injection. The UK’s largest water company is set to run out of money as soon as September 2026 should it fail to secure a financial lifeline in the form of a recapitalisation deal. The utility company said the second [...]
One in eight high earners with no inheritance ‘trapped by financial outgoings’ July 27, 2025 One in eight (12 per cent) people with a salary over £100,000, but with no parental wealth to fall back on, feel “trapped” by their current financial commitments, a survey has found. More than two-fifths (44 per cent) do not feel that they are able to comfortably meet their financial commitments each month, according to [...]