UK's Biggest Water Supplier Plunges Into Deeper Financial Crisis

Source: International Business Times

Thames Water is Britain's biggest water supplier AFP Debt-plagued Thames Water has failed to raise a major cash injection from shareholders, it revealed Thursday, blaming industry regulations that made its rescue plan "uninvestable". Britain's biggest water supplier said in a statement that GBP500 million ($630-million) of new equity would "not be provided by Thames Water's shareholders" this month. The cash represented most of a GBP750-million funding lifeline agreed with investors in July to stay afloat.