3 h. ago Thames Water creditors pledge more investment to try to seal rescue deal

Bondholders also intend to inject more equity into the utility as it seeks to avert nationalisation

Economics

3 h. ago Thames Water creditors outline £20.5bn investment aims under rescue plans

The London & Valley Water consortium is pledging to ‘fix the foundations’ of Thames Water with the mammoth spending proposal put forward to Ofwat.

Economics

3 h. ago Thames Water unveil £20.5 billion action plan to revive struggling water firm

Thames Water is on the brink of nationalisation as it struggles under a mountain of debts

Economics

68 h. ago UK chasing £90m in taxes from temp staffing firm rescued from insolvency

The £18m deal to acquire Challenge Recruitment Group assets from administration repaid private funders in fullThe UK exchequer is chasing about £90m in unpaid taxes after a temporary staffing business was rescued from insolvency proceedings in an £18m deal that reimbursed private funders in full.The main assets of Challenge Recruitment Group, which counted Tesco, Sainsbury’s and Co-op among its top customers, were acquired from administration in July by the US website swipejobs, in what appears to be the second time the British staffing business has emerged from insolvency while owing tens of millions of pounds to the exchequer. Continue reading...

Economics

6 d. ago The Guardian view on France’s latest political crisis: François Bayrou’s gamble on austerity does not deserve to pay off | Editorial

The likely fall of another prime minister is a further blow to Emmanuel Macron’s becalmed presidency. A change in priorities is neededFollowing a startling victory for Marine Le Pen in European elections last June, the French president, Emmanuel Macron, foolishly called a snap legislative poll. The idea was to give voters a salutary wake-up call, daring them to repeat their embrace of Ms Le Pen’s far-right National Rally party in a domestic election. The unanticipated result was a suddenly deadlocked parliament, in which the influence of the National Rally and the left significantly increased, and a lame-duck status for Mr Macron’s second term.That failed gamble has now led to another, which appears equally doomed. This week, Mr Macron’s fourth prime minister in two years put the future of his minority government on the line, in an attempt to pass a deeply unpopular budget this autumn. François Bayrou, intending to deliver his own wake-up call to MPs, has unexpectedly called a confi...

Politics

6 d. ago Thames Water agrees new £122m fine payment plan amid concerns over its future

Campaign group River Action slammed it as a ‘sweetheart deal’

Economics

6 d. ago Thames Water to pay fifth of record £122.7m fines by end of September

The remaining 80% is dependant on the financial security and future of the debt-laden water supplier, but a backstop has been set for March 31 2030.

Economics

6 d. ago Cyberattack shuts down Nevada state offices and websites, governor's office says

A cyberattack has caused Nevada’s state offices to close for two days this week and rendered some government websites and phone lines unavailable

Events

1 week ago The 2,000 London homes pumping waste straight into the rivers

Thames Water has identified 2,294 misconnections in properties throughout London over the past five years

Politics

2 w. ago IAN WILLIAMS: Ministers blinded by Beijing's cash cannot see their dangerous folly

The warning from America is stark: selling Thames Water, Britain's biggest water and sewage business, to a Chinese company would be a 'national security threat'.

Politics

2 w. ago US politicians warn Labour that selling Thames Water to a Chinese firm would be a 'national security threat'

Hong Kong 's CK Infrastructure Holdings (CKI) has emerged as a leading contender to take over debt-laden Thames Water.

Events

2 w. ago Chinese firm a leading contender to buy Thames Water, reports say

Hong Kong’s CKI among those lining up to acquire struggling company if it collapsesA Chinese firm is reportedly a leading contender to buy Thames Water if the heavily indebted company collapses in coming weeks.Hong Kong’s CKI, which invests in power and other utility companies in the UK, is among those lining up to acquire the water and sewerage supplier if it enters a special administration regime (SAR), according to the Times. Continue reading...

Economics

2 w. ago Thames Water could be sold to the Chinese after the Labour government puts it into temporary public ownership to 'wipe' much of its £16.8billion debt

Steve Reed, the environment secretary is understood to be making 'active preparations' to essentially nationalise Britain's largest water utility.

Economics

2 w. ago Chinese firm could take over failing Thames Water marred by £16 billion worth of debts and sewage scandal

Ministers are preparing to take Britain’s biggest water supplier into temporary public ownership

Economics

3 w. ago Government hires advisers to plan for potential Thames Water collapse

The embattled water company has been at threat of both nationalisation and collapse as its investors and creditors scramble to keep the group afloat.

Politics

3 w. ago Thames Water crisis plan drawn up by the Government in case of potential collapse

The environment secretary has signed off the appointment of FTI Consulting to assist with contingency planning for putting Britain's biggest water supplier into a special administration regime amid spiralling debts.

Politics

3 w. ago Government lines up insolvency firm in case of Thames Water collapse

Contingency plans could see Britain’s biggest water firm placed into a special administration regime.

Politics

3 w. ago North London flooding: Thames Water warns 'complex' repairs could take days to fix

Some places have been left under 44cm of water and 70 firefighters worked to stop the flooding

Events

3 w. ago Islington burst water main needs complex repair, says Thames Water

Islington burst water main needs complex repair, says Thames Water  BBC

Politics

3 w. ago London's disgusting 'wet wipe island' to be removed as work begins to excavate 180 tonnes of congealed waste

Work is under way to excavate the estimated 180 tonnes of congealed waste near Hammersmith Bridge

Economics