Food inflation is starting to fall, says supermarket bossCommenting on the state of the company's battered finances, Mr Black admitted higher costs from things like energy had taken an additional toll on Thames and the wider industry but admitted the problems were most acute at Thames.Thames Water faces uncertain future
He said that while the firm had managed to raise £500m, it was still looking for an additional £1bn and attempting to secure this through a revised turnaround plan, in consultation with its investors.Mr Black confirmed it was the regulator's view that more than £1bn would be needed though he would not be drawn on a figure.
"We need to see their revised business plan but we think it's substantial sums of money", he told the industry and regulators committee.
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