Thames Water’s £3bn loan will hit customers, warn experts

Mooted emergency loan could rack up £800mn in costs and further drain troubled utility’s resources

World - Financial Times - 5 hours ago

Thames Water secures £3bn loan to survive into 2025

The UK's biggest utility company agrees a lifeline to help it last until next October.

Thames Water wins bondholder approval for £3bn emergency loan

Three-quarters of top ranking lenders approve expensive plan to avert cash crunch

Business - Financial Times - 4 days ago

Thames Water seeks up to £3bn in emergency loans from creditors

New debt would involve 9.75% interest charges as utility group seeks to stave off nationalisation

Business - Financial Times - October 25

Thames Water bondholders fall out over emergency loan

Lower-ranking creditors complain to utility they have been cut out of restructuring negotiations

Business - Financial Times - October 18

Rival creditor group offers Thames Water emergency loan at lower rate

The UK’s largest water and sewerage provider is struggling with a £19bn debt load

Business - Financial Times - October 31

UK will provide $3bn towards G7 loan for Ukraine

US and Japan only member nations still to clarify their contributions to $50bn package

Business - Financial Times - October 21

How Thames Water became a battleground for hedge funds

Rival groups of bondholders are vying to extend loans to the troubled UK utility

Business - Financial Times - November 10

Tory treasurer’s water company in discussions to take stake in Thames Water

Castle Water’s plans for the troubled utility include an eventual IPO

Business - Financial Times - October 25

Thames Water Proposes $3.9 Billion Funding Deal to Continue Operations

The U.K. water company said the deal would enable the debt-laden company to continue with its planned investment and maintenance of its infrastructure.

Business - The Wall Street Journal - October 25

S&P downgrades Thames Water debt further into ‘junk’ territory

Decision comes after troubled UK utility reached tentative deal on £3bn of emergency financing

Business - Financial Times - October 29

Thames Water lenders call for more backers for £1.5bn rescue cash – business live

Live, rolling coverage of business, economics and financial markets as UK water company races to secure new lifeline before December crunch. In Germany the manufacturing recession has been ...

World - The Guardian - November 4

Deutsche Bank warns of rising bad loan provisions

German lender posts record third-quarter profits but tells investors to brace again for credit risks

Business - Financial Times - October 23

Warning millions will struggle to pay water bill rises

A proposed average rise of 21% over five years will cause 'intolerable strain', a consumer group warns.

Is a reverse mortgage or home equity loan better for seniors? Experts weigh in

Seniors have a few options for tapping into their home's equity, but certain options may be better than others.

Yellow warnings in place as Storm Ashley hits

Warnings in Cumbria, Devon and Cornwall are issued for winds gusting up to 60mph (97km/h) and rain.

New Jersey declares drought warning and urges residents to reduce water use

New Jersey’s governor has issued a drought warning and said water restrictions could come if conditions worsen. The dry spell is plaguing much of the Northeast.

Rachel Reeves’ budget leaves her little room to manoeuvre

Bet on long-term improvements will make spending review in 2027 a crunch time for the government

World - Financial Times - October 31

Election integrity expert warns about the spread of misinformation

ABC News’ Linsey Davis speaks with Michael Waldman, President of NYU’s Brennan Center for Justice, on how elections are actually becoming more secure.

Experts warn 'famine is imminent' in Northern Gaza

The Integrated Food Security Phase Classification (IPC) issued a report Friday stating Northern Gaza's citizens are threatened by an “imminent and substantial likelihood of extreme famine." The ...

Politics - The Hill - November 10