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Thames Water directors hold crunch talks over utility's future

Sky News 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.
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Video Credit: ODN - Published
News video: Minister: Thames Water management should carry the can

Minister: Thames Water management should carry the can 00:43

 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...

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Chancellor: Treasury will monitor Thames Water carefully [Video]

Chancellor: Treasury will monitor Thames Water carefully

Chancellor Jeremy Hunt says the Treasury will monitor Thames Water's situation "very carefully" but believes the company is “still solvent” despite reports of shareholders withdrawing investment money. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:29Published