64 h. ago US private equity giant KKR outbids rival with £1.7bn offer for Assura

Assura said it had reached an agreement on a ‘best and final’ bid led by Kohlberg Kravis Roberts and Stonepeak Partners.

Economics

69 h. ago US private equity giant KKR wins takeover battle for Assura in £1.7bn deal

Assura said it had reached an agreement on a ‘best and final’ bid led by Kohlberg Kravis Roberts and Stonepeak Partners.

Economics

3 d. ago Thames Water LIVE: Thousands of east London homes without water supply

Thames Water has apologised to customers after thousands of households across east London have been left without water including those in Whitechapel, Shoreditch, Spitalfields and Bethnal Green

Society

3 d. ago Put Thames Water into temporary state control, ‘junior’ creditors will argue

£5bn rescue plan would set ‘troubling precedent’, bondholders who face losing all of their money will sayNils Pratley: Thames Water’s creditors are being too greedyBusiness live – latest updatesThames Water should be placed into temporary government control to avoid setting a “deeply troubling precedent”, according to people close to bondholders who face losing all of their money in the latest rescue bid.The struggling utility is under the control of a group of lenders who hold the bulk of its huge £20bn debt pile. Those “senior” creditors on Tuesday revealed details of a last-ditch rescue effort with £5bn in funding, alongside writing off about £6.7bn in debt. Continue reading...

Politics

3 d. ago Put Thames Water into temporary state control, say ‘junior’ creditors

£5bn rescue plan would set ‘deeply troubling precedent’, say bondholders who face losing all of their moneyNils Pratley: Thames Water’s creditors are being too greedyBusiness live – latest updatesThames Water should be placed into temporary government control to avoid setting a “deeply troubling precedent”, according to bondholders who face losing all of their money in the latest rescue bid.The struggling utility is under the control of a group of lenders who hold the bulk of its huge £20bn debt pile. Those “senior” creditors on Tuesday revealed details of a last-ditch rescue effort with £5bn in funding, alongside writing off about £6.7bn in debt. Continue reading...

Politics

4 d. ago Thames Water lenders offer £17 billion rescue deal in return for looser rules

The deal would also see “several billion” pounds’ worth of debt written off

Economics

4 d. ago Creditors table £17bn plan for Thames Water but call for regulatory leniency

The lenders in the utility are proposing to invest another £3 billion in new equity and £2 billion of funding, but also write off billions of debt.

Economics

4 d. 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

7 d. ago Voices: What can Reform do to shift the idea it is the ‘Nigel Party’?

The loss of a Scottish parliament by-election that Farage had hoped to win, coupled with the resignation of his chairman amid a row about banning the burqa, could reshape the electoral fortunes of all parties, says Andrew Grice

Politics

7 d. ago Tice defends ‘free speech’ after Reform chairman quits over ‘dumb’ burqa ban row

Richard Tice has defended a Reform UK MP’s call for a burqa ban, after party chairman Zia Yusuf branded the argument “dumb” and quit.

Politics

8 d. ago The water firms banned from paying bonuses to senior bosses under new laws

Campaign group River Action have called the move a “welcome step” but said that increased salaries should be prevented

Economics

8 d. ago Zia you later! Reform UK chairman Zia Yusuf resigns following 'burka ban' row in major blow to Nigel Farage

Zia Yusuf quits role he has held for almost a year saying: ‘I no longer believe working to get a Reform government elected is a good use of my time’

Politics

8 d. ago Reform UK chairman Zia Yusuf announces resignation saying party is no longer a ‘good use of my time’

Reform UK chairman Zia Yusuf has resigned from the party after a row with its newest MP

Politics

8 d. ago Reform UK chairman Zia Yusuf resigns following 'burka ban' row in major blow to Nigel Farage

Zia Yusuf announced that he was quitting the role he has held for almost a year saying: ‘I no longer believe working to get a Reform government elected is a good use of my time’

Politics

8 d. ago Reform UK chairman Zia Yusuf resigns as civil war in party deepens

Reform chairman Zia Yusuf has quit after a row with the party’s newest MP

Politics

8 d. ago Reform chairman Zia Yusuf resigns following 'burka ban' row in major blow to Nigel Farage

Zia Yusuf announced that he was quitting the role he has held for almost a year

Politics

8 d. ago 'Contemptible' Thames Water accused of 'telling lies to the British public' in dividends row

The scathing criticism came as peers discussed a collapsed rescue deal for the debt-laden firm

Politics

8 d. ago 'Contemptible' Thames Water accused in Parliament of 'telling lies to the British public' in dividends row

The scathing criticism came as peers discussed a collapsed rescue deal for the debt-laden firm

Politics

9 d. 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

9 d. ago Northumbrian Water to pay out £15.7m after sewage and water network failings

Bosses at the watchdog Ofwat said the company’s failures led to ‘excessive spills from storm overflows’.

Economics