ChordNews
← All news

Thames Water seeks £2.4bn to stave off cash shortfall

By ChordNews · First written (updated )

Thames Water asks for £2.4bn more to avoid going bust this year or early 2027
Image: theguardian.com
Comments 0

Summary

Thames Water has asked its creditors for an additional £2.4bn in short-term funding, saying it could run out of cash by the end of 2026 or early 2027. The Guardian reports that the UK’s largest water company says it needs the money to survive long enough to reach a longer-term deal over its debt.

Timeline

  1. theguardian.com

    Source ↗

    The Guardian reports that Thames Water has asked creditors for another £2.4bn, saying it may run out of cash by the end of 2026 or early 2027 before agreeing a longer-term debt deal.

Comments

No comments yet.

    to like and comment.