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

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 - 17 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.

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 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

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 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 - 6 days ago

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 - 4 days ago

Lenders get creative to finance small businesses in developing markets

Start-ups use novel lending practices to extend credit to underserved groups

World - Financial Times - October 14

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.

'Sorry' water boss has plan to end sewage spillages

Water UK chief apologises for the industry's performance as the sector faces a "root and branch" review.

Teen kayaker rescued after spending 12 hours treading water off Hawaii

A 17-year-old kayaker spent nearly 12 hours treading water and clinging to his kayak Wednesday after becoming separated from his high school paddling group, the U.S.

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 - 10 hours ago

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.

Amid Sewage Spills and Rising Prices, Calls to Nationalize Water in England

Four decades after privatization, calls to nationalize the water industry have swept across England and Wales amid sewage spills and rising household bills.

Business - The New York Times - October 16

Spain flood deaths top 200, more troops join rescue

World - Yahoo News - 3 days ago

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 areas

Business - Financial Times - 2 days ago

Cockatoo rescued after ‘living on brioche’ for four weeks inside Sydney supermarket

NSW environment minister hopes ‘Mickey will be flying free by tomorrow’ after successful capture by wildlife services. Get our breaking news email , free app or daily news podcast A ...

World - The Guardian - October 22

Democrats’ Report Calls Trump Hotel Business Unethical and Unconstitutional

Democrats on the House Oversight Committee said the former president overcharged the Secret Service and accepted money from officials and people who were seeking pardons and appointments.

Top stories - The New York Times - October 18

Why raising more cash is a smart portfolio move — even with stocks at record highs

The key to long-term success in the stock market is to avoid taking on more and more risk.

Business - MarketWatch - October 19

Hezbollah hiding more than $500M in gold, cash under hospital in Lebanon, IDF says

World - Yahoo News - October 22

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 - 16 hours ago

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

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.

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. - 6 days ago

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.

Rachel Reeves gives closing speech at UK investment summit – business live

Chancellor says £60bn of investment has been announced at summit, showing confidence in UK economy. Keir Starmer will promise to slash red tape as he hosts investment summit Who will attend ...

World - The Guardian - October 14

Volkswagen fined £5.4m for mistreating customers; UK interest rates ‘to fall to 2.75%’ next year – business live

Volkswagen Finance has agreed to pay over £21.5m in redress to around 110,000 customers who may have suffered harm because of its failings.. Volkswagen Financial Services has apologised for the ...

World - The Guardian - October 21

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

Israel-Gaza-Lebanon live updates: 87 killed in Israeli strikes on Beit Lahia

The Israel Defense Forces continued intense air and ground campaigns against Hezbollah in Lebanon and against Hamas in the Gaza Strip.

Trump touts health role for RFK Jr after former candidate promises to ‘remove fluoride’ from water – live updates

Kamala Harris targets youth vote in Michigan while Donald Trump heads to Georgia as US presidential election nears final hours. We have already covered the presidential nominees’ schedules but what ...

World - The Guardian - Yesterday

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 Wednesday

Business - Financial Times - October 28

Trump calls Democrats more dangerous than U.S. foreign adversaries

Donald Trump called Democrats who have opposed him "the enemy from within," describing them as more dangerous than major foreign adversaries of the United States, including Russia and China.

Fed’s Waller calls for rate cut caution after ‘disappointing’ data

Influential governor says US economy in ‘sweet spot’ but hotter than expected inflation not welcome

World - Financial Times - October 15

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