Thames Water’s £3 billion emergency loan, approved today, carries a relatively high interest rate of 9.75% and is structured in multiple stages.
Thames Water Seeks Over 35% Bill Hike Over Five Years
Thames Water to Challenge Regulator’s Decision, Seeking Higher Bill Increases
Goldman Sachs lowered its outlook for the pound amid concerns of a runaway sell-off.
One of Wall Street’s largest banks has sharply revised its outlook for the pound, warning that an “escalation in the loop of sell-offs in UK assets” could significantly damage the
Thames Water cautions of bondholders’ strategy that could lead to nationalization.
Thames Water has alerted a group of bondholders that their actions could push the UK’s largest water company into default and potentially lead to temporary nationalization if they attempt to
London Drops to 20th Position as a Hub for Initial Public Offerings
Britain’s stock market has fallen below Oman and Malaysia in global rankings for new listings as the challenges facing the City intensify.
Thames Water reports ‘progress’ on funding plan following £3bn lifeline
Thames Water announced progress in its efforts to raise funding as part of the next phase of its rescue plan, following securing a £3bn lifeline to sustain operations into the
French water company Suez takes over operations at Thames Water under £5bn rescue bid
French expertise could be brought in to manage London’s water system as part of a £5bn rescue proposal for struggling Thames Water.
UK petrol prices drop to lowest level since lockdown
Fuel prices across the UK have fallen to their lowest levels in three years, providing some relief for drivers ahead of Christmas, according to figures released on Wednesday.
Thames Water’s credibility is vanishing along with its finances.
Standing on a rapidly deteriorating platform is precarious, a situation Thames Water finds itself in, having recently announced it could deplete its cash reserves by the end of December. Just
Thames Water’s credit rating was downgraded further into junk status.
Thames Water faced another credit rating downgrade amid concerns it could run out of funds by December.
UK – Petrol prices hit three-year low
The price of a litre of petrol has dropped to its lowest level in three years, according to industry data, due to decreasing global oil demand.
Petrol prices decline sharply as electric vehicle adoption follows a ‘downward trend’
Petrol and diesel prices are dropping at their fastest rate this year, relieving motorists as electric vehicle adoption falters.