Thames Water secures £3bn lifeline after court ruling
Source: BBC
Michael RaceBusiness reporter, BBC NewsGetty ImagesThames Water has won a crucial High Court battle to secure a £3bn rescue loan, staving off the prospect of the debt-laden company coming under government control.The UK's largest water and waste company was set to run out of cash by the end of March and would have likely been placed into temporary nationalisation to keep services running.The court decision on…
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