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...It added: “The Thames Water and Kemble boards approved our refocused turnaround plan at the end of 2023....
...The board of Thames Water, Britain’s largest water company, was locked in crisis talks on Wednesday after shareholders refused to confirm they would provide about £3bn of fresh equity that is necessary for...
...Thames Water also requires a further £2.5bn before 2030 to fund its investment plan and maintain assets. Ofwat has told the board to “pursue all options to seek further equity”....
...Another indebted rival, Southern Water, secured a new backer in 2021. Frankly, Thames’ board lacks the restructuring nous to handle this end-game....
...At Anglian Water, our “alliancing” model brings on board partners and drives an integrated approach to project delivery....
...The thirst for power and water of the server farms needed to run generative AI is even more intense....
...Taiwan’s coastguard has defended its pursuit of the Chinese vessel, saying the boat trespassed into waters near Kinmen declared as restricted by Taipei....
...In a statement on Friday, Thames Water said Montague’s resignation from Kemble was a “personal decision”, and that he “believes the time is right solely to focus on fully supporting the board and executive...
...Marc FilippinoRichard Waters is our tech writer at large. He covers all things tech. Thanks, Richard. Richard Waters Well, it’s a pleasure....
...Paris had attempted to water down the law even more last week, despite having secured concessions on the banking sector in December....
...richard.waters@ft.com...
...Tesla has been forced to go back to the drawing board after residents of the east German town of Grünheide, the site of its only European assembly plant, overwhelmingly rejected a plan to massively expand...
...Thames Water has appointed Chris Weston, former head of power supplier Aggreko, as its chief executive, as the UK’s biggest water company faces scrutiny over its financial health and probes into its treatment...
...Weston was previously at Centrica, where he was managing director of international downstream and a member of both the board and executive committee....
...Elmira is the director of the Bard Globalization and International Affairs programme in New York and a state department alum....
...South African municipalities also owe the country’s water boards almost R18bn ($959mn), hampering their ability to carry out upgrades....
...Sutskever did not say whether he would step down from the board....
...But Icahn could rely on one secret weapon of sorts to pour oil on troubled waters....
...The National Infrastructure Commission, a government advisory board, last October warned in its five-yearly assessment of UK infrastructure that “significant deficiencies” were holding the country back....
...AIG’s board of directors has elected Jimmy Dunne as an independent director....
...incompetence were rife — before the establishment of the publicly owned Metropolitan Water Board in 1902....
...Whether the new board he answers to will double down on all his ambitions is another question. richard.waters@ft.com...
...He added: “The board must resign with immediate effect and must be held accountable for financial and regulatory cover-ups as well as the destruction of local environments.”...
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