Hints and tips:
Related Special Reports
...Officials at the Department for the Environment, Food and Rural Affairs have made contingency plans for Thames Water’s failure and dubbed them “Project Timber” because the collapse of the company, which...
...The water companies tend to have corporate structures with multiple layers, many of which exist to raise finance....
...The prime minister has tasked former Morgan Stanley executive Franck Petitgas, his special adviser on business and investment, to oversee talks between regulator Ofwat, Thames Water and the environment department...
...resilience of water companies’ water supply and wastewater systems”, it added....
...The implementation of the scheme follows years of political friction between water companies, local government planners and environmentalists over management of the region’s water resources....
...“To achieve this water companies have proposed a record £96bn of investment — a near-doubling of current levels.”...
...This is an audio transcript of the FT News Briefing podcast episode: ‘TSMC doubles down on Arizona’ [MUSIC PLAYING] Kasia Broussalian Good morning from the Financial Times....
...for billions of dollars in subsidies, and the Environment Agency for England and Wales is allocating £11mn collected in fines against water companies, to environmental restoration projects....
...I once asked a director of one of the main water companies what input they received from the political level....
...This is a big test of UK capitalism. Get Thames Water right and the case for private ownership of utilities will be enhanced....
...Yet the challenges confronting the likes of Thames Water and many others among the UK’s 17 suppliers of water and sewerage services do smack unnervingly of the issues that banks faced in the period running...
...By 2026, most AI chips will run on 3nm, meaning that the production capabilities of TSMC’s first Arizona plant will fall short....
...Only about 15 per cent of the country’s water resources have been developed. Almost all farmers depend on rain, as they are not able to store rainwater or pump water from rivers....
...However, it needs billions of pounds more investment to address sewage discharges, water leakage, and storage to prevent potential water shortages....
...In a statement of intent, the shareholders have hired restructuring advisers at Alvarez & Marsal to engage with the creditors of Thames Water’s ultimate parent, Kemble Water Holdings....
...Green campaign groups condemned the environment department announcement as being too small to make any meaningful difference to the degradation of water quality across the UK....
...Money is more important than water to the daily functioning of financial markets, so the GFC had a sense of urgency lacking in the Thames Water crisis....
...One of the holding companies that owns Thames Water on Friday said interest payments due earlier this week on a £400mn bond “have not been paid” as it issued a “formal notice of default”....
...They lost their baby Willow when Amanda’s water broke at 18 weeks....
...The ongoing saga involving the UK’s largest water company took a new turn yesterday after Thames Water said its shareholders were unwilling to stump up £500mn of fresh equity....
...Many of Thames Water’s 16mn customers might feel the same way about the state of water 35 years after Margaret Thatcher’s government privatised England’s water companies....
...The ringfenced, regulated company is asset-rich, with £3.5bn of liquidity at the end of September. It can call on £550mn of undrawn facilities in emergency circumstances....
...The union that represents the biggest group of members in the USS called on Thursday for the renationalisation of Thames Water....
...Concerns over the future of Britain’s biggest water provider reached a peak this week when investors refused to inject £3bn of much-needed equity, despite nearly a year of negotiations with the water industry...
...A third of Thames Water’s sewage monitors do not work properly, according to new analysis of Environment Agency data by the Liberal Democrats, compared to 15 per cent of monitors across the industry....
International Edition