Thames Water traders ‘extra involved’ about firm’s turnaround prospects, regulator says
The water business regulator has admitted traders in crisis-hit Thames Water have develop into "more concerned about the turnaround of the company", because it seeks £1bn to assist shore up its instant monetary future.Ofwat chief government David Black instructed a Lords committee that whereas talks have been persevering with, new shareholders could need to be sought if the funding wanted fell wanting the "substantial" sums required.
But he added that Thames at the moment had £4bn of funds to attract on.The regulator's oversight of the sector got here underneath scrutiny lower than per week after Sky News revealed that Ofwat and authorities officers had began to draw up contingency plans for the corporate's doable collapse.Just a day earlier, it had been introduced that Thame...