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...It is a “sensitive” subject “particularly as water companies need to raise significant levels of new equity and debt to support the ramp-up in investment planned”, he said....
...It was also running a pilot study that could see it use a “combination of remote sensors to chart the location of manholes, highway drains and sewerage pipes”....
...Water UK, which represents the industry, said investors have pledged to inject £6.5bn in new equity as well as raising debt as part of their £96bn investment plan by 2030....
...The company provides water and sewerage services to about 25 per cent of the UK population and is struggling under the weight of its £18.3bn group debt burden....
...of water and sewerage services....
...This has improved, and the regulator has taken tough new powers to ensure the highest standards.”...
...It was a grim irony that as new questions were swirling over the future of debt-laden Thames Water — Britain’s largest water utility — this weekend, the annual Oxford-Cambridge Boat Race had to go ahead...
...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...
...The company — which provides water and sewerage services to roughly a quarter of the population in England — is struggling with the impact of higher inflation on chemicals, labour, energy and financing costs...
...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”....
...Thames Water’s new chief executive, Chris Weston, takes the helm of Britain’s largest privatised water company on Monday, facing the daunting task of persuading investors, lenders and regulators to support...
...Concerns have risen over the financial stability of Thames Water, which provides water and sewerage services to about a quarter of the population in England....
...South West Water, which supplies 3.5mn people with water and sewerage services in England, has been criticised by a watchdog for inadequate management and a failure to be “honest” with authorities, risking...
...The hearing comes amid growing government and parliamentary scrutiny over the financial stability of Thames Water, which supplies water and sewerage services to about 25 per cent of the population in England...
...Thames would need new investors — a difficult feat but not without precedent. Another indebted rival, Southern Water, secured a new backer in 2021....
...Susan Orlean is an author and a staff writer for The New Yorker ‘At The Beach’ by Tod Papageorge is published by Stanley/Barker Follow @FTMag on Twitter to find out about our latest stories first...
...bills to keep shareholders on board....
...The prospect of a fresh investigation will add to pressure on Thames Water, which provides water and sewerage services to around 15mn households in London and surrounding areas....
...At Anglian Water, our “alliancing” model brings on board partners and drives an integrated approach to project delivery....
...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....
...The thirst for power and water of the server farms needed to run generative AI is even more intense....
...And now Thames Water’s board and its investors have started urgent restructuring talks about what should happen next. Sonja HutsonAnd just back up for me really quickly here....
...full control of waters near the Chinese coast....
...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 FilippinoSujeet, what’s your big takeaway here in terms of the relationship between CEOs, boards and courts?...
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