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...That has left the company rushing to raise more than £3bn in fresh capital by 2030, including £750mn by next year, to keep services running and improve its water and sewage infrastructure....
...The lenders, which have so far refused to extend the loan without an injection of fresh equity from Thames Water’s owners, are Chinese state-owned Bank of China and Industrial and Commercial Bank of China...
...The CCW warned that if customers failed to see tangible improvements in the infrastructure in exchange for higher bills, trust, which is already at a 12 -year low, “would be further eroded”....
...However, in some cases, including Thames Water, the cash injection has been received from shareholders in the form of a loan rather than fresh equity....
...Denmark and Sweden are leading demands for Brussels to take action against the UK in a fresh post-Brexit fishing dispute....
...Specification: IB DP Geography — Fresh water — The varying power of different actors in relation to water management issues Click to read the article below and then answer the questions: AI boom sparks...
...However, it needs billions of pounds more investment to address sewage discharges, water leakage, and storage to prevent potential water shortages....
...The ringfence can be seen as a security lockbox around the water company and the assets it needs to provide essential services, which are basically the provision of fresh water and the removal of wastewater...
...The report said that given the duration of Gruenberg’s time at the top, as well as allegations about his temper, “may hinder his ability to establish trust and confidence in leading meaningful culture change...
...Kemble requires dividends from Thames Water’s operating entity or a fresh equity injection from shareholders to avoid default, if lenders do not extend the loan. There are no easy options here....
...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...
...One of the enormous strengths of the capitalist system is that it allows for a fresh start (“The cautionary tale of Thames Water?”, FT View, April 1)....
...Thames Water said its shareholders would no longer provide £500mn of fresh equity by the end of the month, noting that conditions imposed by the industry regulator made the company’s business plan “uninvestable...
...Thames Water’s shareholders — which include Canadian pension fund Omers and Chinese sovereign wealth fund CIC — last week announced that they were unwilling to stump up £500mn of fresh equity, while pointedly...
...Thames Water has said it has enough cash to last until July next year....
...The company had both “lost the trust of business” and that of its own employees, she added....
...“The fireboats had to supply water to the land crews who were short of water or short of pressure,” says Hickin....
...Hedge fund short seller Muddy Waters on Wednesday revealed a short bet against a New York-listed mortgage trust managed by Blackstone, the private equity giant....
...Thames Water, after being given an equity infusion, would be able to raise fresh debt in the public markets within the regulatory ringfence with the assets as security, and Ofwat, dealing with a customer-owned...
...record of distressed debt investing, it is best known in the UK for its activist equity bets, including pushing for change at pharmaceuticals group GSK and more recently at Scottish Mortgage Investment Trust...
...But Kemble told its lenders on Thursday that the investors’ decision to backtrack on providing £500mn in fresh equity would leave it unable to continue making interest payments and unlikely to roll over...
...He just said, trust us. And Wall Street wasn’t really in a mood to hear that message. Kasia BroussalianOK, so that’s the message from Meta....
...A majority of the populace still supports him and has trust in him....
...Thames Water is facing the prospect of a fresh parliamentary inquiry after being accused of misleading MPs over the state of its finances....
...What gives particular urgency to Kym Staton’s documentary The Trust Fall: Julian Assange is that its subject is currently seeking permission to appeal against extradition to the US, having spent almost five...
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