US EditionThames Water secures court approval for financial restructuring
- Thames Water has received High Court approval for a restructuring plan that includes a loan of up to £3 billion to prevent collapse and ensure operations continue amidst severe financial struggles.
- The company is burdened with £19 billion in debts and struggles to maintain essential services, affecting 16 million customers or about 25% of the UK population.
- Critics, including Charlie Maynard, a Liberal Democrat MP, raise concerns that the plan leads to higher bills for customers and does not adequately resolve the financial issues.
- Chris Weston, Chief Executive of Thames Water, expressed satisfaction with the court's decision, stating it provides a stronger financial footing for the company and supports necessary infrastructure improvements.
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36 Articles
36 Articles
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Left
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Center
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Total News Sources36
Leaning Left6Leaning Right5Center9Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 30%
C 45%
R 25%
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