News Formal

Thames Water funding woes deepen after shareholders pull investment plan

  • 📰 Glasgow_Times
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 59%

Malaysia News News

The group said the first £500 million of the new equity that had been agreed will not be provided by its shareholders by March 31.

Troubled utility Thames Water has said its shareholders will not be injecting the first £500 million of funding that was agreed last summer into the group as industry regulations make its business plan “uninvestible”.

“The first £500 million of the new equity that had been anticipated will not be provided by Thames Water’s shareholders by 31 March 2024,” it revealed. Thames Water has been battling to secure its future since last summer, with a funding crisis leaving the debt-laden firm on the brink of emergency nationalisation.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 76. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'I left school with one GCSE and turned my passion into a £350 million business'Myprotein founder Oliver Cookson, from Stockport, started his company with just £500
Source: MENnewsdesk - 🏆 23. / 69 Read more »