The UK government is continuing to resist stepping in to help Thames Water, despite its rapidly deteriorating financial situation.
The utility needs to find new equity to stabilize its finances. Shareholders say they won’t put in more money and it’s difficult to see why a new investor would want to take on the burden of Thames’s £18 billion ($22.9 billion) debt pile.
On Friday, Thames’s biggest shareholder wrote off the entire value of its stake in the latest sign of trouble for the utility. That comes after a key member of its
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