Thames Water has warned that its cash reserves will be depleted by May 2025 unless a refinancing deal is reached with lenders.
Rachel Reeves is set to increase taxes by “at least” £15 billion to £20 billion, says Wall Street giant
Rachel Reeves is expected to introduce an additional £15 billion to £20 billion in tax increases, beyond Labour’s manifesto commitments, in her upcoming Budget next month, according to a warning
Petrol prices should be 6p per litre lower than what drivers are currently paying at the pump.
According to the RAC, petrol prices should be 6p per litre lower than drivers currently pay at the pump.
Supermarket profit margins are ‘nothing short of outrageous,’ says RAC
Drivers continue to overpay for fuel as retail margins remain “significantly” above historical levels, according to the Competition and Markets Authority (CMA).
Thames Water bonds downgraded to junk status over collapse concerns
Thames Water’s key bond has been downgraded to junk status due to concerns over its ability to avoid collapse.
Thames Water placed under special measures as bills increase by 22%
Thames Water has been placed under special measures by the water regulator Ofwat as the struggling company fights for survival. Britain’s largest water provider, serving 16 million people in London
Thames Water disburses £196 million in dividends while its debts exceed £15 billion.
Thames Water has confirmed it paid dividends worth £195.8 million last year, despite being heavily indebted and unlikely to raise new funds before December.
UK Drivers Face Highest Diesel Prices in Europe, Says RAC
UK drivers are paying the highest diesel prices in Europe, according to a new analysis by the RAC.
Labour’s election victory is not guaranteed, say small business bosses
The head of Britain’s largest small business lobby group has cautioned that an election victory for Labour is not assured, following Rishi Sunak’s announcement of a snap general election.
Thames Water has no value, according to its largest investor.
Thames Water’s largest investor has reduced its valuation of its stake in the company to zero, effectively declaring the utility provider worthless, according to a report by The Telegraph.
Thames Water’s biggest shareholder steps down from board
The primary investor in Thames Water, Omers Infrastructure, has removed its representative from the board as the utility continues to struggle with a significant £18bn debt.
Goldman Sachs removes bonus limit for top London bankers
Investment bank set to pay top UK traders up to 25 times their base salary.