Welcome to The Brink. I’m Ronan Martin, a reporter in London, where I’m covering the travails of the city’s water and sewage company, Thames Water. We also have news on the wave of Chapter 11 filings, EV manufacturers and 99 Cents Only Stores. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net or DM on X to @ronanmartin97.
Supposedly Safe
Utilities are supposed to be safe businesses with steady cashflows and little risk for investors. Thames Water, the UK’s largest water and sewage company, is on course to upend that notion.
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