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10.12.24 - 09:12
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Thames Water could run out of cash by March without £3bn debt deal; Ashtead to move listing to US – business live (The Guardian)
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UK's biggest water company says all funds may be 'exhausted' if it fails to secure court approval for £3bn lifeline and could risk temporary nationalisationThames Water has had “considerable interest” from potential equity investors, its chief executive Chris Weston told reporters, after the company put out an update on its finances.Good morning, and welcome to our rolling coverage of business, the financial markets, and the world economy.Today's news demonstrates further progress to put Thames Water onto a more stable financial footing as we seek a long-term solution to our financial resilience. Continue reading......
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10.12.24 - 08:54
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Thames Water will run out of cash by March without £3bn emergency funding (The Guardian)
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Britain's biggest water supplier risks temporary nationalisation if court does not approve financial lifelineThames Water will run out of cash by March next year if it fails to secure court approval for a £3bn financial lifeline, the troubled utilities company has said.Britain's biggest water supplier said on Tuesday that all of its funds may be “exhausted” if it fails to secure the emergency funding. Continue reading......
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10.12.24 - 08:40
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Britain′s Thames Water says equity raise ′progressing′ (Reuters EN)
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UPDATE 1-Britain's Thames Water says equity raise 'progressing' Adds details from results throughout LONDON, Dec 10 (Reuters) - Britain's Thames Water said its equity raise was progressing, the next stage of a rescue plan after it secures a 3 billion pound ($3.83 billion) facility to help it survive into the new year , as it published half-year results....
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09.12.24 - 15:06
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Harrogate Spring Water planning to cut down wood planted by schoolchildren (The Guardian)
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Conservation groups join those who helped plant woodland in opposing expansion of bottling plantHarrogate Spring Water, which is owned by the multinational Danone,is planning to cut down a wood planted by schoolchildren in order to expand its bottling factory in the North Yorkshire town.Two primary schools, along with other local volunteers, helped to plant 450 trees in a project organised by the Rotary Club of Harrogate almost 20 years ago. Continue reading......
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07.12.24 - 11:48
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′Brexit problem′: UK tap water safety at risk after testing labs shut down (The Guardian)
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Exclusive: EU countries will share laboratory capacity but UK rules mean products cannot be tested abroadThe safety of tap water in the UK could be at risk because water companies are unable to use products to clean it, industry insiders have said, as all the laboratories that test and certify the chemicals have shut down.People in the industry have called it a “Brexit problem” because EU countries will share laboratory capacity from 2026, meaning that if the UK was still in the EU, water companies would be able to use products that passed tests on the continent. Continue reading......
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06.12.24 - 14:37
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Struggling Thames Water receives £5bn buyout offer from Covalis (The Guardian)
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Deal would result in France's Suez Group being brought in to manage restructure of water companyBusiness live – latest updatesEmbattled Thames Water has received a £5bn bid from Covalis Capital that would result in France's Suez Group being brought in to manage a restructure of the UK's largest water company.The infrastructure investor Covalis Capital has submitted a bid for Thames Water, which has been on the verge of collapse for several months as it struggles with a £19bn debt pile. Continue reading......
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06.12.24 - 12:38
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Front-quarter prices edge down on higher water reserves (Reuters EN)
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NORDIC POWER-Front-quarter prices edge down on higher water reserves Dec 6 (Reuters) - Nordic front-quarter power prices edged down on Friday, trading in a narrow range, as slightly higher water reserves and unchanged weather forecasts pressured prices. * Nordic front-quarter baseload power contract ENOFBLQc1 fell 0.2 euros, or 0.3%, to 54.25 euros per megawatt hour (MWh) as of 1055 GMT....
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06.12.24 - 09:12
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Aviva agrees £3.6bn deal to buy Direct Line; new bid to buy Thames Water – business live (The Guardian)
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Live, rolling coverage of business, economics and financial markets as FTSE 100 insurer agrees takeover of smaller rivalTrains across Great Britain may be disrupted this morning because of a nationwide fault with the radio systems used by drivers to communicate with signaller, National Rail has reported.National Rail, which is run by train operating companies, said that all National Rail routes may be affected, in a statement on its website. It said it was investigating the problem.There is a nationwide fault with the communication system used between train drivers and signallers. As a result, services across the National Rail network may be subject to disruption this morning.Trains across the network are having to start their journeys later because of this fault and some may also be subject to cancellations or alterations. Please check before you travel, allow extra time for your journey and monitor live departure boards.The Direct Line board believes that, in addition to the attractive headline value pe...
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