Thames Water directors hold crunch talks over utility's future
Wednesday, 27 March 2024 The board of Thames Water was locked in crunch talks on Wednesday as shareholders prepare to dilute a pledge to inject funds into the company that would secure its survival.
Communities Secretary Michael Gove brands the management of Thames Water a “disgrace”, insisting they should “carry the can” for any future investment, instead of consumers. Bosses at the company have admitted the firm could face the risk of emergency nationalisation as its funding crisis...
Crisis-hit Thames Water has warned its cash is at risk of running dry by the end May next year due to a lack of new investment, forcing it to prepare a plan for.. Sky News
Wednesday, 27 March 2024
