Thames Water lenders hire EY as debt deadline looms
Friday, 15 March 2024 A group of lenders to Thames Water's parent company have engaged advisers weeks before a £190m debt held by Britain's biggest water utility falls due.
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 deepened – after shareholders refused to give the troubled utility giant extra cash. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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
Friday, 15 March 2024
![Minister: Thames Water management should carry the can [Video]](https://video.newsserve.net/300/v/20240328/1371202728-Minister-Thames-Water-management-should-carry-the-can.jpg)
![Chancellor: Treasury will monitor Thames Water carefully [Video]](https://video.newsserve.net/300/v/20240328/1371182628-Chancellor-Treasury-will-monitor-Thames-Water-carefully.jpg)
