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 - 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.

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

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 - 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 IPO

Business - 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 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 - 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 load

Business - 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 experts

World - 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.

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, ...

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.

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.

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.

Spain flood deaths top 200, more troops join rescue

World - Yahoo News - November 1

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 - 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.

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.

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.

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

Canadian pension fund buys UK airports operator for £1.5bn

PSP acquires AGS from Macquarie and former Heathrow investor Ferrovial

Business - 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

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