27 h. ago Thames Water receives £7bn bid from Hong Kong’s CK Infrastructure

Deal would require debt-laden utility’s bondholders to take significant writedowns

Economics

3 d. ago Group of Thames Water creditors lose alternative restructuring plan bid

The utility – England’s biggest water company – had a restructuring scheme involving up to £3 billion in loans sanctioned on Tuesday.

Politics

3 d. ago Six major water firms including Thames Water want to hike bills even higher

Water regulator Ofwat is already allowing water firms to increase bills by an average of £157 over the next five years - but now, six water firms are appealing this decision

Economics

3 d. ago Thames Water among six water firms urging watchdog for higher bill increases

Thames Water urged regulators to allow them to raise customers bills hours after a High Court judge approved a £3 billion loan to the firm.

Economics

4 d. ago Moment furious boater disrupts River Thames regatta and screams ‘you don’t own the f****** water'

Scott Keen narrowly avoided hitting rowers after disrupting the Kingston Amateur Regatta in fit of ‘river rage’

Politics

4 d. ago MP says he intends to appeal against approval of Thames Water restructure plans

Barristers for Liberal Democrat MP Charlie Maynard previously told the court the company should be put into special administration.

Politics

4 d. ago Judge approves emergency plan to keep Britain’s largest water company afloat

A judge has approved an emergency plan to keep Britain’s largest water company afloat and averted a possible temporary government takeover

Events

4 d. ago Thames Water is handed £3bn emergency loan to rescue ailing utility firm from financial collapse

Thames Water Utilities Holdings Limited (TWUH), the parent company of Thames Water Group (TWG), England's biggest water company with about 16 million customers, is in around £16 billion of debt.

Economics

4 d. ago Thames Water granted £3 billion reprieve by judge weeks before running out of money

Restructuring plan allows struggling utility to keep operating until next year with £1.5bn and potentially further £1.5bn

Economics

4 d. ago Plans to restructure struggling Thames Water are approved by High Court judge

Thames Water Utilities Holdings Limited (TWUH), the parent company of Thames Water Group (TWG), England's biggest water company with about 16 million customers, is in around £16 billion of debt.

Events

4 d. ago What does Thames Water’s £3 billion rescue loan deal mean for customers?

The PA news agency explains why Thames Water needs emergency money and what happens next.

Economics

4 d. ago Thames Water handed £3 billion lifeline by court but judge criticises "eye

Ruling says customers will be “horrified” by the huge bill for the emergency restructuring

Economics

4 d. ago There are many ways Trump could trigger a global collapse. Here’s how to survive if that happens | George Monbiot

It could be wildfires, a pandemic or a financial crisis. The super-rich will flee to their bunkers – the rest of us will have to fend for ourselvesThough we might find it hard to imagine, we cannot now rule it out: the possibility of systemic collapse in the United States. The degradation of federal government by Donald Trump and Elon Musk could trigger a series of converging and compounding crises, leading to social, financial and industrial failure.There are several possible mechanisms. Let’s start with an obvious one: their assault on financial regulation. Trump’s appointee to the US Consumer Financial Protection Bureau (CFPB), Russell Vought, has suspended all the agency’s activity, slashed its budget and could be pursuing Musk’s ambition to “delete” the bureau. The CFPB was established by Congress after the 2008 financial crisis, to protect people from the predatory activity that helped trigger the crash. The signal to the financial sector could not be clearer: “Fill your boots...

Politics

4 d. ago Argentina opposition calls for impeachment of Javier Milei after cryptocurrency collapse

President endorsed $Libra crypto token on Friday before it collapsed, leading some to call it a financial ‘rug pull’Opposition politicians in Argentina have called for the impeachment of president Javier Milei after he touted a cryptocurrency which quickly collapsed and reportedly led to millions of dollars in losses this weekend.Milei endorsed the little-known cryptocurrency token $Libra on Friday evening, announcing on X that the project was “dedicated to boosting the growth of the Argentine economy by funding small businesses and entrepreneurs”. His post linked to a website where the digital coin could be bought, the domain name of which included Milei’s popular catchphrase “long live freedom”. Continue reading...

Politics

5 d. ago Thames Water to discover if restructuring plan has been approved on Tuesday

The High Court heard several days of arguments over whether the plan should be approved earlier in February.

Politics

5 d. ago Woman shot dead in Valentine’s Day pub attack named by police as hunt for gunman continues

Police are searching the River Thames for the suspect who is believed to have entered the water

Events

7 d. ago Crystal Palace: Slow return of water supply, Thames Water says

Crystal Palace: Slow return of water supply, Thames Water says  BBC.com

Politics