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UNBELIEVABLE: 2 | History Defined

Thames Water launches plan to raise up to £3bn in emergency funding

The struggling utilities giant has put forward the deal amid continued efforts to restructure its significant debt pile.

Evening Standard

Thames Water’s ‘difficult choices’ must include pain for bondholders

Customers know bills have to rise, but shareholders should also pay, as they would at a conventional company that overextended itself

The Guardian - UK

Thames Water funding crisis: the key players in the row over its future

In latest twist to finger-pointing standoff, debt-stricken supplier’s parent company has defaulted on loan

The Guardian - UK

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Thames Water owner hit by second credit rating downgrade in six months

Moody’s move comes as it warns of ‘materially’ increased risks that regulators will block dividend flow

The Guardian - UK

If Thames Water has to be nationalised, so be it. Ofwat should not be bullied

MPs should demand shareholders invest on fair terms for customers. If they refuse, they should be wiped out

The Guardian - UK

Thames Water apologises to MPs for ‘confusion’ over £500m loan

Labour MP calls firm’s finances an ‘absolute shambles’ as Ofwat vows it is prepared to put it into administration

The Guardian - UK

Chairman of firm £14billion in debt splashed out on Edinburgh penthouse and beach pad

Ian Marchant is stepping down as chairman with the firm billions of pounds in debt. But he also boasts an impressive property portfolio with a penthouse in Edinburgh

Edinburgh Live

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Chairman of firm £14bn in debt has plush Edinburgh penthouse and beach pad

Ian Marchant is stepping down as chairman with the firm billions of pounds in debt.

Daily Record

Chairman of sinking Thames Water has beach pad with pool and penthouse apartment

Ian Marchant earns a fortune as chairman of the company that is leaking hundreds of millions of litres of water every day and has £14bn worth of debt

Daily Mirror

Thames Water could delay accounts as turmoil in water industry grows

Firm refuses to say when it will publish annual report; pressure builds on regulator Ofwat

The Guardian - UK

Troubled Thames Water brings in veteran City ‘fixer’ as chair

Sir Adrian Montague is regarded as having a rare insight into the workings of Whitehall

Evening Standard

Manchester Airports Group names new chief executive as boss steps down after 13 years

The chairman of Manchester Airports Group will also step down in September

Birmingham Post

Charlie Cornish to stand down as CEO of Manchester Airports Group

He will become chairman of the board, with current deputy CEO Ken O'Toole taking over from him

Manchester Evening News

The top team leading Manchester Airports Group after turbulent few years

MAG recently posted losses of £320m for its latest financial year

Birmingham Post

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