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...Thames Water declined to comment....
...investment in the water utility....
...Email Robert at robert.shrimsley@ft.com Follow @FTMag to find out about our latest stories first and subscribe to our podcast Life and Art wherever you listen...
...water company ownership....
...’s largest water utility....
...A “short, quick, angry cross dashing of water in every direction” tucked between “howling and shrieking” surf, wrote Edgar Allan Poe in his 1841 short story, “A Descent into the Maelström”....
...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....
...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....
...Government contingency plans for a potential nationalisation of Thames Water, which has become a focus for public anger over sewage pollution and mistrust of England’s privatised water system, emerged last...
...However, it needs billions of pounds more investment to address sewage discharges, water leakage, and storage to prevent potential water shortages....
...Will Thames Water be renationalised?...
...While Thames Water’s management has long insisted that Kemble’s travails should not have an impact on the regulated utility, the water company’s bonds also traded down....
...It currently owns Southern Water as well as about £120mn of debt in Anglian Water....
...Some lenders to Thames Water would lose up to 40 per cent of their money under government contingency plans to nationalise Britain’s biggest water company dubbed “Project Timber”....
...At one end of the spectrum you surrender sleep, comfort, warmth, hot water and toilets for economy, the chance to commune with nature and the experience of waking up in the rain to discover a goat has eaten...
...Lucy Fisher And columnist Robert Shrimsley. Robert Shrimsley Hi, Lucy....
...Additional reporting by Robert Smith in London...
...In the first, a missile hit the water near the ship....
...While the number of successful attacks has declined in recent weeks, the lull may reflect the withdrawal of the Iranian ship Behshad in early April from waters off Yemen....
...So too in the mere sketch, a harbour glimpsed in morning mist, the sun’s reflection slapped on the water in a thick orange squiggle, that Monet called “Impression, Sunrise”....
...He also cited her use of AI to calculate the “catastrophic health consequences of toxins in our soil, our air, our water and our food”....
...Email Robert at magazineletters@ft.com Follow @FTMag to find out about our latest stories first and subscribe to our podcast Life and Art wherever you listen...
...Thames Water and Kemble did not immediately respond to requests for comment. Additional reporting by Robert Smith...
...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...
...Authorities said divers would return to the water at 6am in an effort to recover bodies....
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