Business, Davos, Davos 2025 Business | The Guardian
Rolling coverage of the final day of the World Economic Forum, and the latest economic and financial newsBack in the UK, the future of Thames Water is hanging in the balance after the UK government reportedly approached multiple restructuring advisers for the role of special administrator for the company.Teneo, Interpath and EY are among the companies reportedly contacted by the government as it prepares contingency plans should Britain’s largest water company be forced into nationalisation.Thames Water, which provides water and sewerage services to 16 million customers in London and south-east England, has been teetering on the edge of collapse for months as it struggles under a £15bn debt pile.A special administration regime, or SAR, would take the company into temporary government ownership in order to ensure that vital water supplies continue to function even if the company becomes bankrupt. The government previously appointed Teneo to run the SAR for Bulb, an energy company that collapsed in the aftermath of Russia’s invasion of Ukraine.And likewise, they should be dropping all over the world. Interest rates should follow us. Continue reading…
Rolling coverage of the final day of the World Economic Forum, and the latest economic and financial news
Back in the UK, the future of Thames Water is hanging in the balance after the UK government reportedly approached multiple restructuring advisers for the role of special administrator for the company.
Teneo, Interpath and EY are among the companies reportedly contacted by the government as it prepares contingency plans should Britain’s largest water company be forced into nationalisation.
Thames Water, which provides water and sewerage services to 16 million customers in London and south-east England, has been teetering on the edge of collapse for months as it struggles under a £15bn debt pile.
A special administration regime, or SAR, would take the company into temporary government ownership in order to ensure that vital water supplies continue to function even if the company becomes bankrupt. The government previously appointed Teneo to run the SAR for Bulb, an energy company that collapsed in the aftermath of Russia’s invasion of Ukraine.
And likewise, they should be dropping all over the world. Interest rates should follow us.