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...UK water companies including Thames Water have substantial amounts of such inflation-linked debt....
...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...
...Several water companies need shareholders to inject cash to improve operations and pay down debt....
...Two directors, including company secretary Rachael Hambrook, quit parent company Kemble on Thursday in a sign of the water monopoly’s growing distress....
...Steve Macharia leans down to his pond and scoops up water in his palms. He lets it run through his fingers. “This water pan has changed my life,” the farmer says....
...Farmers can use natural techniques to slow water flows and reduce flooding. They can increase biodiversity to offset the biodiversity impact of huge housebuilding ambitions....
...Fuad Mohammed Abubakar, head of the Ghana Cocoa Marketing Company, said he was not worried. “Farmers in Ecuador are producing near-optimal yield levels,” he said....
...Thames Water, the UK’s biggest water company, provides water and sewage services to 16mn people, or around 25 per cent of the population....
...Thames Water has said it has enough cash to last until July next year....
...Thames Water’s parent company told bondholders earlier this month that it was in default, heightening fears that it could be renationalised....
...“If you’re not guaranteed a consistently good return, farmers will look at using the land in a different way,” he said, adding that farmers needed more support from the government to build resilience against...
...Thames Water has a complex group structure with seven layers between the parent company and the operating company, which is regulated by Ofwat and collects customer bill payments....
...Troubled UK utility Thames Water has pushed up the amount it plans to spend on its network in its latest business plan by £1.1bn to £19.8bn....
...The bonds were issued by Kemble Water Finance, which sits above the nearly £15bn of debt at the Thames Water utility companies that should be unaffected by the move....
...The hedge fund has stayed clear of bonds at Thames Water’s holding company Kemble, however, which sit outside the regulatory ringfence and are trading at less than 15 pence....
...Macquarie has not had any control or influence over Thames Water’s operating company since 2017.” Thames Water declined to comment....
...Paris had attempted to water down the law even more last week, despite having secured concessions on the banking sector in December....
...Squeezing smaller companies out of the market will hurt African economies....
...Shouting matches between utility companies and regulators are common in the UK....
...It has no security over water company assets. They are inside the ring-fence and the bond is not....
...New York-listed insurer Assured Guaranty had more than $12bn of exposure to UK water companies at the end of 2023, with more than $2bn to Thames Water alone....
...Community action groups, farmers and landowners will be allowed to apply for cash from a new Water Restoration Fund to invest in local water projects, said environment secretary Steve Barclay....
...“I would see Ireland being in a prime position to benefit from climate change because we have loads of water,” Hackett said. For now, farmers are hoping forecast drier weather will materialise....
...They include emergency cash and suspending pesticide bans, while urging Brussels to water down some green rules. Additional reporting by Leila Abboud...
...For example, Confagricoltura is now working with Italian water companies to prepare a proposal for the government for a new large-scale plant that could treat waste water and make it ready for use in irrigation...
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