Thames Water Faces Financial Turmoil Amid Mounting Debt and Investor Exodus
Britain's largest water company struggles to secure funding, raising concerns over potential nationalisation and higher consumer bills.
- Thames Water has £15bn in debt and only enough cash to last until next May.
- Investors pulled out of a £500m emergency fund, labeling the company 'uninvestable'.
- CEO Chris Weston is seeking £3.25bn from new investors to avoid insolvency.
- Labour government faces pressure to intervene but is wary of nationalisation.
- Regulator Ofwat's upcoming decision on bill hikes will be crucial for the company's future.
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