Articles

  • 4 days ago | marketscreener.com | Sarah Young

    LONDON (Reuters) -Thames Water suffered a major setback in its fight to avoid nationalisation on Tuesday as it said U.S. private equity firm KKR had pulled out of a multi-billion pound rescue plan. Britain's biggest water supplier has been pushed to the edge by its 18 billion pound ($24.35 billion) debt pile, and was banking on KKR investing about 4 billion pounds in new equity to effectively buy the company.

  • 4 days ago | sg.finance.yahoo.com | Sarah Young

    Sarah Young Tue, 3 June 2025 at 1:09 am GMT-5 2 min read By Sarah Young LONDON (Reuters) -Thames Water said U.S. private equity firm KKR had pulled out from a multi-billion pound rescue plan, reigniting fears that Britain's biggest supplier will need to be nationalised to avoid financial collapse. The company has been pushed to the brink by its 18 billion pound ($24.35 billion) debt pile, and was banking on KKR investing about 4 billion pounds in new equity to stabilise its finances.

  • 2 weeks ago | reuters.com | Sarah Young

    LONDON, May 21 (Reuters) - Thames Water, at the centre of a public backlash against Britain's privatised water industry, has halted a bonus scheme for its executives after ministers objected to the payouts. The company, which is Britain's biggest water supplier with 16 million customers, has been struggling with billions of pounds of debt. Sign up here.

  • 2 weeks ago | sowetanlive.co.za | Sarah Young |Ian Vogler

    British police on Wednesday charged a third man, a Ukrainian national, with arson offences over fires at properties and a car linked to Prime Minister Keir Starmer. On five days earlier this month, police were called to fires at a house in north London owned by Starmer, another at a property nearby where he used to live, and to a blaze involving a car that used to belong to the British leader.

  • 2 weeks ago | sg.finance.yahoo.com | Sarah Young

    Sarah Young Wed, 21 May 2025 at 2:13 am GMT-4 2 min read In this article: By Sarah Young LONDON (Reuters) -British sportswear retailer JD Sports posted a 2% fall in first-quarter sales and warned that higher prices in its key U.S. market from President Donald Trump's tariffs could hit customer demand, sending its shares down 6%.

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