Shareholders in Thames Water have agreed to provide a further £750m in funds as the company attempts to fight the threat of government control.The water firm has faced criticism over sewage discharges and leaks and is struggling under a mountain of debt.
This route was most recently taken with energy supplier Bulb after it ran into financial difficulties. However, the new interim joint chief executive of Thames, Cathryn Ross, told the BBC's Today programme the company was "absolutely not" close to requiring government intervention. She said the company had access to £4.4bn of cash and credit facilities. "That's absolutely enough to pay everything that we think we need to pay this year next year and into the future."
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