Thames Water had feared it might be left with just £39mn cash by month-end
UK’s largest utility is facing a cash crunch weighed down by nearly £20bn in debt
Read more at Financial Times
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Thames Water had feared it might be left with just £39mn cash by month-end
UK’s largest utility is facing a cash crunch weighed down by nearly £20bn in debtFinancial Times - 8h -
Pimco books 17% instant profit on Thames Water emergency loan
Bond group records windfall on lifeline for UK utility even before deal is finalisedFinancial Times - Mar. 11 -
What’s in the millions of tonnes of sludge spread on to UK farmland? Toxic waste – and ministers don’t care | George Monbiot
Water companies let waste disposers, for cash, dump their loads into sewage farms. When it is recklessly used as fertiliser, we are all at risk. If humanity has an epitaph, it might read something ...The Guardian - 17h -
Taxpayers will suffer if Thames Water collapses, warns regulator
Ofwat says placing Thames under government control could end up costing taxpayers billions of pounds.BBC News - Mar. 13 -
Thames Water's £3bn rescue deal cleared by court
The funding allows the company to continue operating and attempt to restructure its massive debt pile.BBC News - 4d -
Regulator accused of letting hedge funds control Thames Water
Allegation comes as utility waits for Court of Appeal decision over £3bn emergency loanFinancial Times - Mar. 14 -
Demands for EU joint debt as leaders seek even more cash for arms
Also in this newsletter: Does cutting aid to buy weapons make any sense?Financial Times - 19h -
The argument would-be reformers haven’t yet made on cash Isas
Individuals might be making the wrong savings choices for their goalsFinancial Times - Mar. 13 -
Yields up, (long-dated) borrowing down?
A short-cut for UK debt issuanceFinancial Times - 1d
More from Financial Times
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Air travellers face further disruption as Heathrow reopens after fire
Blaze at electricity substation that shut down Europe’s busiest airport raises questions about resilience of UK infrastructureFinancial Times - 5h -
Heathrow’s shutdown fuels questions about UK’s infrastructure resilience
Within hours of a fire at a power substation, one of the world’s busiest airports was closed to all flightsFinancial Times - 6h -
Heathrow hotels quadruple prices as stranded passengers drive demand
Customers with few alternatives complain of ‘price gouging’ after flights cancelledFinancial Times - 9h -
Trump’s assault on the rule of law: ‘the speed and intent is remarkable’
The US president is testing constitutional limits and challenging the courts to stop him. Who will blink first?Financial Times - 6h -
Trump’s assault on the rule of law: ‘the speed and intent is remarkable’
The US president is testing constitutional limits and challenging the courts to stop him. Who will blink first?Financial Times - 6h
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