The amber alert is at Thames Water itself, which is ring-fenced, regulated, £14.7bn in debt and 100%-owned by parent company Kemble. The new boss, Chris Weston, tried to allay fears by saying it had enough in cash and overdraft facilities to keep ticking over till next May, but at some point Thames will need a fresh cash injection.
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Melinda French Gates to quit Gates Foundation
admin, , Business, 0
Billionaire philanthropist Melinda French Gates has said she will resign as a co-chair of the Bill & Melinda Gates...
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Debenhams to cut 2,500 more jobs amid pandemic
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Image copyright AFP Struggling department store group Debenhams says it will cut 2,500 more jobs as it struggles to...
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Liz Truss will seek to bring in National Insurance cut immediately
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“Through our £37bn support package we are also saving the typical employee over £330 a year through a tax...
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Asda beefs up anti-Covid security for Christmas
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The British Retail Consortium (BRC) said uncertainty made it harder for firms to prepare for the New Year.
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Households could be paid to turn down heating
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Payments were likely to be at a similar level to last year’s £3,000 per MWh, it said, but how...
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Tesla lays off more than 10% of its workforce
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Their departures “signal that Tesla’s major growth phase is meeting serious headwinds,” said Michael Ashley Schulman, chief investment officer...
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Windfall tax to end if energy prices drop
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In a statement, the Treasury said the windfall tax – called the Energy Profits Levy – will end if...
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Russia halts gas supplies to Finland
admin, , Business, 0
“The amount of gas needed by the Finnish gas market is imported into the Finnish gas system through Balticconnector...
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