Thames Water to Release Updated Business Plan This Week (1)

Thames Water Utilities Ltd.’s board members are set for last-ditch talks to update their business plan this week after shareholders branded the previous one “uninvestible.”

Directors of the heavily indebted utility are set to meet Thursday, with the plan expected to be released Friday, according to a person familiar with the plans who asked not to be identified discussing private matters. A spokeswoman for Thames Water declined to comment.

Thames supplies a quarter of the water and sewage services to England, including London. It’s rushing to find at least £2.5 billion ($3.1 billion) in equity after parent ...