News Formal

Thames Water pulled back from the brink after investors pump in £750-million into company

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 92%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Despite the equity Thames Water will receive, Britain’s biggest water utility warned it would need further investment in the years ahead

Thames Water said its investors had agreed to inject £750-million into the company, helping to stave off the threat of nationalization, but Britain’s biggest water utility warned it would need further investment in the years ahead.

“We have £4.4-billion of capital sitting there, we can draw down on that, we’re absolutely not close to that trigger,” she told BBC Radio. It also warned in its statement on Monday that over the 2025-2030 period it would need further equity of around £2.5 billion. The company’s performance has dropped in recent years but its debt levels mean it has little wiggle room to fund the upgrade of its aging infrastructure.

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:

 /  🏆 5. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

Global dApp industry marches on despite headwinds in Q2 2023Global dApps tracking platform DappRadar published a report recently, revealing fascinating insights into the evolution of the dApp landscape in the second quarter of 2023.
Source: CryptoAmb - 🏆 22. / 68 Read more »