Latest in Thames Water lenders call for more backers for £1.5bn rescue cash – business live
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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 -
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.Top stories - BBC News - October 25 -
How Thames Water became a battleground for hedge funds
Rival groups of bondholders are vying to extend loans to the troubled UK utilityBusiness - Financial Times - November 10 -
Thames Water wins bondholder approval for £3bn emergency loan
Three-quarters of top ranking lenders approve expensive plan to avert cash crunchBusiness - Financial Times - November 13 -
Tory treasurer’s water company in discussions to take stake in Thames Water
Castle Water’s plans for the troubled utility include an eventual IPOBusiness - Financial Times - October 25 -
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 nationalisationBusiness - 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 financingBusiness - Financial Times - October 29 -
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 loadBusiness - Financial Times - October 31 -
Thames Water’s emergency loan could cost £800mn in interest and fees
Mooted £3bn loan will hit customers and drain troubled utility’s resources, warn expertsWorld - Financial Times - 4 days ago -
Three water firms blocked from using customer money for bonuses
The regulator Ofwat's new powers prevent bonuses being funded from customer bills.Top stories - BBC News - 9 hours ago -
Shares in UK retailers fall as sector counts cost of NICs tax rise – business live
Rolling coverage of the latest economic and financial news. Tariffs, tech and Taiwan: how China hopes to Trump-proof its economy . Yesterday’s cut to UK interest rates doesn’t seem to have ...World - The Guardian - November 8 -
Cop29 live: ministers told to ‘cut theatrics’, ‘move faster’ and ‘get down to business’ amid growing frustration at slow progress
Cop29 president calls for faster action as progress to agree a climate finance deal slows. Climate crisis to blame for dozens of ‘impossible’ heatwaves How usual is it to have G20 happening at ...World - The Guardian - 3 days ago -
Disney Cruise Line ship rescues 4 from boat taking on water
The Disney Treasure, a brand new Disney Crusie Line ship that hadn't even embarked on its maiden voyage yet, rescued four people from a catamaran that was taking on water near Bermuda Sunday, ...Top stories - CBS News - November 11 -
Beleaguered Boeing Sells More Shares to Raise Cash
As a six-week strike drags on, the financially strained planemaker offers more shares to investors as it struggles with its turnaround.Business - Inc. - October 28 -
Protesters call on government to tackle water pollution
Protesters from across the UK marched through London to call on the government to tackle water pollution.Top stories - BBC News - November 3 -
More homeowners just started pulling cash out of their properties. Here's why.
While mortgage rates don't exactly follow the Federal Reserve's rate, home equity lines of credit, or HELOCs, are tied to it.Business - CNBC - November 4 -
More homeowners just started pulling cash out of their properties. Here's why.
U.S. homeowners are sitting on a record amount of equity, but higher interest rates over the past two years have made them reluctant to tap into it.Top stories - NBC News - November 4 -
Met faces service cuts without more cash, says chief
Sir Mark Rowley says he is "deeply troubled" by negotiations so far on the force's funding next year.Top stories - BBC News - November 14 -
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Spain deploys 5,000 more troops to boost flood rescue effort
Death toll reaches 211 with an unknown number missing as rescuers struggle to access cut-off areasBusiness - Financial Times - November 2 -
More than 50 people rescued from Channel, says French coastguard
Several bodies pulled from sea after boat got into difficulty off coast of Audresselles on Monday night. More than 50 people have been rescued after attempting to cross the Channel and the bodies ...World - The Guardian - November 6 -
To Save More Water, American Homes Need Smaller Pipes
Most of the plumbing pipes in the United States are oversize, wasting water in a time of increasing drought.Top stories - The New York Times - 4 days ago -
Richard Cash, Whose Rehydration Therapy Saved Millions of Lives, Dies at 83
His treatment, developed with David Nalin, was elegant in its simplicity, which made it accessible to people and countries with limited resources.World - The Wall Street Journal - November 7 -
Storm-triggered floods in Philippines spark frantic calls to rescue trapped people, some on roofs
Torrential rain set off by an approaching storm has swamped eastern Philippine cities and towns in widespread floods that trapped people, some on their roofs, and sparked frantic appeals for rescue ...World - ABC News - October 23 -
Berkshire Hathaway's cash fortress tops $300 billion as Buffett sells more stock, freezes buybacks
The Omaha, Nebraska-based conglomerate saw its cash fortress swell to a record $325.2 billion by the end of September.Business - CNBC - November 4 -
Chancellor announces £1.5bn for Stormont next year
Rachel Reeves also gives the go ahead to funding for Causeway Coast and Mid South West growth deals.Top stories - BBC News - October 30 -
Small Business Owners More Confident About Borrowing After Rate Cut
Entrepreneurs and the banks that finance their expansions and upgrades are more optimistic, as refinancing and new loans get easier.Business - Inc. - October 29 -
After six years of tariffs, small-business owners aren’t eager for more
Donald Trump wants to greatly expand import duties. Entrepreneurs who weathered his first round, which Biden largely left intact, say they’d have to raise prices to survive.Top stories - NBC News - November 1 -
Defence chief calls for more spending on military
Treasury minister Darren Jones says defence spending should rise to 2.5% of GDP, but avoids saying by when.Top stories - BBC News - November 10 -
NHS in England to receive £1.5bn next year to boost appointments
Fresh funding comes as part of wider package which will be set out by Reeves in Budget on WednesdayBusiness - Financial Times - October 28 -
Canadian pension fund buys UK airports operator for £1.5bn
PSP acquires AGS from Macquarie and former Heathrow investor FerrovialBusiness - Financial Times - November 13 -
UK consumers in ‘a despondent mood’ ahead of the budget; pound on track for worst month in a year – business live
People holding ‘their breath’ to see what’s in store for them in Rachel Reeves’s first budget, reports GfK. Budget will reverse huge cuts in UK’s public investment, Reeves confirms Fewer ...World - The Guardian - October 25