Annual results show struggling firm’s net debt has risen to £18.5bn, up from £16.8bn a year earlier
Thames Water has said it has sufficient funding to survive until the end of the year, as it scrambles to recapitalise to avoid nationalisation.
The UK’s largest water company, which serves 16 million customers in London and the south of England, said it continued to work with creditors, regulators and the government on a recapitalisation plan.
Continue reading...
TH
Source
This article was originally published by The Guardian and written by Joanna Partridge.
Read original article on The Guardian