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BENEATH the grey waters off southern England, 400 million mussels cling to ropes dangling from buoys spread across an area the size of the country's largest airport.
The UK water regulator is for the first time considering boosting returns for investors, after the crisis at Thames Water pushed up the cost of borrowing across the industry.
Potential investors in Thames Water will have to submit new bids for the water utility by Feb 10, according to people familiar with the matter, as the beleaguered firm seeks an urgent injection of equity to boost its finances.
Thames Water Utilities Ltd says it will have to raise bills by as much as 59% by the end of the decade, as the heavily indebted utility races to attract investors to stay afloat.
PETALING JAYA: The price review 2024 (PR24) draft determinations (DD) released by the UK water services regulator, Ofwat, has a mixed effect on water player Wessex Water, which is owned by YTL Power International Bhd.
Thousands of people in England and Wales would spend less on non-essential items or even food to help offset higher water and sewage bills being proposed for 2025.
ON its winding journey to the North Sea, the River Thames flows through Henley, a picturesque town about 60km west of London.
LONDON: Water bills are set to rise by 35% on average for households in England by the end of the decade as UK suppliers ramp up investment to expand and fix leaky networks.
LONDON: British Prime Minister Keir Starmer has asked the country’s regulators, including the financial and competition watchdogs, to remove barriers to growth in an effort to revive a sluggish economy.
YTL Power International Bhd’s data centre (DC) projects development are on track to provide long-term earnings growth from financial year 2026 onwards.
Thames Water Utilities Ltd’s board members are set for last-ditch talks to update their business plan this week after shareholders branded the previous one “uninvestible”.
Some of the biggest Thames Water bondholders have signed non-disclosure agreements (NDAs) to access sensitive information about the firm as debt talks progress.
The head of the United Kingdom’s water regulator says it shouldn’t have allowed privatised utilities to take on so much debt, as it warned that Thames Water will need more than £1bil (US$1.27bil or RM5.91bil) to turn itself around.
ENDURANCE swimmer Joan Fennelly is undaunted by frigid water and long distances, swimming year-round in the wild.
LONDON: The UK government is stepping up efforts to tame soaring inflation by threatening both a crackdown on corporate profiteering and another round of deep real terms cuts to public sector pay.
LONDON: A normally boring corner of the UK investment market is wobbling, highlighting the potential trouble ahead for corporate debt exposed to inflation.
Company believes shares are largely undervalued
