17 h. ago Southern Water receives further £1.2bn equity injection to bolster finances

The fresh equity come as part of a deal that will also see the debt owed to its holding company lenders slashed by more than half.

Economics

1 week ago Thousands evacuated in southern China as heavy rains turn streets into canals

Rescue workers are using rubber dinghies to evacuate people and deliver food and water after floodwaters overwhelmed towns in southern China’s Guangdong province

Politics

2 w. ago Water firm tells customers to let lawns go brown in hosepipe ban warning

Southern Water issued advice to customers following the driest spring on record

Events

3 w. ago Thames Water bosses were set for £18.5mn before outcry over bonuses

Creditors have proposed injecting £3bn of equity and taking a 20 per cent writedown on loans in latest rescue plan

Economics

3 w. ago Tesco shoppers 'devastated' as supermarket discontinues popular snack nationwide

The noodle product - which cost just 50p both in-store and online - was dried noodles which you cooked in boiling water and added southern fried chicken seasoning to. The packaging described the product as being "packed with flavour"

Economics

3 w. ago Thames Water faces weeks of uncertainty as watchdog reviews £4bn creditor plan

Senior bondholders propose injecting equity to match KKR’s defunct bid but plan needs approval from Ofwat and courts

Economics