Thames water
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Thames Water has staved off effective government ownership after an unsuccessful legal challenge to its financial restructuring. The Court of Appeal has ruled in favour of a £3bn loan intended to temporarily sort out its finances while the company raises more private investment, dismissing an appeal. The decision backs the High Court judgment of last month and…
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Southern Water may not be able to guarantee that water comes out of its customers’ taps but, credit where it is due, it does know how to lay on a metaphor. On the day almost 60,000 Hampshire residents faced having to queue for fresh water until the weekend the company, already carrying £6bn of debt,…
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