Article 6M2H8 Thames Water has six weeks to agree survival plan with Ofwat

Thames Water has six weeks to agree survival plan with Ofwat

by
Anna Isaac City editor
from World news | The Guardian on (#6M2H8)

While the company believes it has cash to last 15 months, it will have to move fast to stave off insolvency

Thames Water has just six weeks to convince its regulator that it has a viable survival plan for its business, the Guardian can reveal.

While the company believes it has enough cash to survive for about 15 months, insiders and investors fear that it must move quickly to strike a deal with its watchdog to stave off insolvency.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://www.theguardian.com/world/rss
Feed Title World news | The Guardian
Feed Link https://www.theguardian.com/world
Feed Copyright Guardian News and Media Limited or its affiliated companies. All rights reserved. 2024
Reply 0 comments