Thames Water owner bond slumps to record lows amid uncertainty over firm

Fall to 14.4p comes after shareholders said they were unwilling to inject further funds

A bond issued by Thames Water's parent company has fallen to record lows as the embattled company scrambles to secure its future, and the government signalled it is ready to step in if necessary".

The 400m bond, issued by the water supplier's parent company, Kemble, has slumped to only 14.4p after shareholders indicated that they were unwilling to inject further funds into the heavily indebted utility company.