Thames Water is burning through money it hasn't got in an attempt to delay the inevitable.
"Gill Plimmer in London
Published 7 HOURS AGO
Thames Water will have incurred almost £2bn in financing costs and advisory fees over the 18 months to the end of September, adding to concerns about the burden of keeping the UK’s largest water supplier in private hands.
The utility — which is fighting the threat of renationalisation under Prime Minister Andy Burnham’s Labour government — will have incurred £1.6bn in gross financing costs between April 2025 and the end of this month, according to its last annual report and projections provided to the FT.
The utility also had £235mn in exceptional expenses including advisory, legal and professional fees in the year to the end of March, with the projected cost for the following six months running to about £100mn."
FT.com
"Gill Plimmer in London
Published 7 HOURS AGO
Thames Water will have incurred almost £2bn in financing costs and advisory fees over the 18 months to the end of September, adding to concerns about the burden of keeping the UK’s largest water supplier in private hands.
The utility — which is fighting the threat of renationalisation under Prime Minister Andy Burnham’s Labour government — will have incurred £1.6bn in gross financing costs between April 2025 and the end of this month, according to its last annual report and projections provided to the FT.
The utility also had £235mn in exceptional expenses including advisory, legal and professional fees in the year to the end of March, with the projected cost for the following six months running to about £100mn."
FT.com
