Thames Water running out of time to secure rescue as debt swells

Thames Water is running out of time to secure a rescue deal as its debt swelled to nearly £20bn.The UK's largest water and waste company posted a rise in profit after increasing customer bills, and said talks with the government and regulators are ongoing. The company has sufficient cash to last until early next year.If a plan is not agreed by then, Thames Water is likely to collapse into government-supervised…