DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Kemble - 3 Ofwat - 2 George Hay - 2 Oliver Taslic - 2 They’ve - 1 Bonds - 1 Neil Unmack - 1 Rishi Sunak - 1
Top related locs:
Thames London England Home Canada’s Ontario China – Yorkshire
Top related orgs:
Thames Water - 2 Thames - 2 Thomson - 2 Engineers - 1 LONDON - 1 Home Counties - 1 Canada’s - 1 Twitter - 1

Search resuls for: "Kemble"


3 mentions found


☆ Britain's largest water utility placed under special measures as it grapples with $19.7 billion debt pile
  + stars: | 2024-07-11 | by ( Jenni Reid | ) www.cnbc.com   time to read: +2 min
Engineers from a Thames Water leak hunting team unloads equipment from their van during a night shift in London, UK, on Wednesday, May 2, 2023. The chief executive of Britain's biggest water supplier stepped down with immediate effect on Tuesday. Regulator Ofwat said Thames Water would come under heightened scrutiny and must re-evaluate its plans to improve operational performance, delivery and financial resilience. Ofwat approved £16.9 billion ($21.8 billion) in spending for the company to invest in improving services for customers and the environment — a sum below the £19.8 billion that Thames Water had requested. In spring this year, shareholders rejected its bid for a £500 million equity injection, while its parent company Kemble defaulted.
Persons: Ofwat, Kemble Organizations: Engineers, LONDON, Thames Water, Home Counties Locations: London, England, Thames, Home
☆ Thames rescue looks far from watertight
  + stars: | 2023-07-10 | by ( ) www.reuters.com   time to read: +2 min
LONDON, July 10 (Reuters Breakingviews) - Thames Water is stepping back from the brink, a little bit. Shareholders, led by Canada’s Ontario Municipal Employees Retirement System, have now agreed to pony up 750 million pounds. They’ve also acknowledged even more will be allowed over the next regulatory review period between 2025 and 2030. Bonds issued by Thames’ holding company, Kemble, rose as much as 10 percentage points following the news. That depressed price suggests there’s a long way to go before Thames is on dry land.
Persons: They’ve, Bonds, Kemble, Neil Unmack, George Hay, Oliver Taslic Organizations: Reuters, Canada’s, Thames, Twitter, Thomson Locations: Canada’s Ontario, Thames, China
☆ UK water meltdown resurrects bank crisis dilemmas
  + stars: | 2023-06-29 | by ( Neil Unmack | ) www.reuters.com   time to read: +7 min
The government may take over heavily indebted Thames Water, a hapless privately held utility unable to fund capital needs that may stretch to 10 billion pounds. Under Macquarie’s (MQG.AX) ownership, which lasted from 2006 to 2016, Thames’ debt rose to over 80% of RCV. They’re issued through a vehicle called Thames Water Utilities Finance. Thames Water CEO Sarah Bentley resigned abruptly on June 27. Thames shareholders, led by Ontario Municipal Employees Retirement System, committed in 2022 to provide 1.5 billion pounds of extra funds.
Persons: Ofwat, Rishi Sunak, Gordon Brown, Kemble, They’re, Sarah Bentley, “, George Hay, Oliver Taslic Organizations: Reuters, Royal Bank of Scotland, Thames, Ontario, Thames ’, Guardian, UK, RBS, Investors, Water Utilities Finance, Yorkshire Water, SES Water, Sky News, Thames Water, Thomson Locations: –, Thames, Yorkshire, Britain’s
0 next >>
Total: 3