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...Thames Water and Southern Water only mapped the pipes as they worked on them, leaving a large proportion of the network unchecked, the two companies revealed in responses to freedom of information requests...
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...Meanwhile, the Environment Agency is conducting a far-reaching criminal investigation into suspected widespread non-compliance by water and sewerage companies at more than 2,200 sewage treatment works....
...“We have begun preparations, we are doing the internal work and we have been for a long time running the business with the discipline of a public company,” he told the Financial Times in an interview....
...Thames Water has said it has enough cash to last until July next year....
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...richard.waters@ft.com...
...That triggered the holding company’s default. The more than £16bn worth of Thames Water bonds sitting below the holding company are part of a so-called whole business securitisation....
...While Elliott is known for its hardball tactics with creditors — for instance seizing an Argentine naval vessel during a protracted tussle with the Latin American nation — British water company legislation...
...Thames Water paid around £1.1bn towards the cost of the tunnel for enabling works, while Tideway’s investors — which include Allianz, Dalmore Capital, Amber Infrastructure, and DIF, which sold its stake...
...Productive assets owned by a mismanaged company that goes broke are not lost to the economy....
...The pandemic transformed the software outsourcing industry, with companies and employees suddenly becoming much more open to remote work....
...About two-thirds of American companies are incorporated in Delaware, attracted to the small, mid-Atlantic state by its sophisticated legal system....
...In today’s newsletter: Thames Water’s Chinese lenders AT1 documents fight Blackstone’s luxury sale Thames Water’s Chinese stand-off Critics of Britain’s water company privatisation have recently accused...
...How would a ban work? A ban takes effect in 270 days, unless ByteDance sells TikTok to a non-Chinese company. Web access would be blocked in the US....
...It could work at Thames Water too / From Giles Keating, London W8, UK End Thames Water woes by creating customer-owned utility / From Richard Fletcher, London NW3, UK Time for a Thames tap water tsar /...
...I should be careful about talking about work-life balance, but the Americans just work harder.” Read more here...
...“We would encourage drinks companies to look not only within the factory fence to assess their water risks and impact, but to listen to and work with the communities where they’re based,” Holme advises....
...Ofwat is continuing to work on draft determinations that will be published in June....
...Shipping by water is cheaper and cleaner than by truck or air....
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