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Thames Water weighs last-minute rescue backed by ex-Lib Dem peer

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Thames Water is weighing a last-ditch rescue from a former Liberal Democrat peer working with a little-known financial services firm, which claims it can unpick the teetering utility’s complex corporate structure to better serve the … Read more

Canadian export agency hit by £350mn loss on loans to Thames Water

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Canada’s state-backed export agency has lost about £350mn on loans to Thames Water, the crisis-stricken UK utility that is teetering on the verge of renationalisation. Export Development Canada, which was established to help Canadian companies … Read more

Thames Water error may require restating accounts

Stay informed with free updates Simply sign up to the Utilities myFT Digest — delivered directly to your inbox. Thames Water may be forced to restate its accounts published last year, amplifying concerns over the financial stability of the UK’s largest water company. Thames Water — which is attempting to avert renationalisation through a rescue … Read more

Thames Water selects KKR as preferred bidder

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Thames Water has selected the US private equity group KKR as the preferred bidder for the UK’s largest water utility, which is fighting to avoid renationalisation. KKR, which is already a shareholder in Northumbrian Water, … Read more

U.S. fund KKR makes £4 billion management-buyout bid for Thames Water

Thames Water utility van in the Cty of London on 3rd December 2024 in London, United Kingdom. Thames Water Utilities Ltd is a large private utility company responsible for the water supply and waste water treatment in most of Greater London and surrounding areas in England. (photo by Mike Kemp/In Pictures via Getty Images) Mike … Read more

Treasury seeks clarity on cost of Thames Water renationalisation

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Treasury is seeking greater clarity on the cost of renationalising Thames Water ahead of a crucial court judgment this week that could decide the future of Britain’s largest water supplier. Thames Water, which provides water … Read more

The River Thames Has Been a Dumping Ground for Bodies for at Least 6,000 Years, Study Reveals

The average Londoner might be shocked to hear that, over the past two hundred years, hundreds of human bones have been discovered in the River Thames. As new research shows, a sizable portion of these remains date back to prehistoric times. Researchers in the U.K. have studied the remains of 61 individuals recovered from the … Read more

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