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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British Steel to cut jobs amid fears for industry
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The Chinese-owned firm will cut 300 jobs at its Scunthorpe plant.
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Can TikTok’s owner afford to lose its killer app?
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The US wouldn’t be the first to block TikTok – India banned the app in 2020, citing security concerns....
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Electric car rapid charging costs soar, says RAC
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“While electric car drivers may not be immune from the rocketing price of wholesale energy – most notably gas,...
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Covid-19: Thousands head overseas on holiday as rules ease
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“The United States now has 60% of its adult population vaccinated, infections are falling. It’s an important market for...
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China halts youth jobless data as economy falters
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One user said: “Covering your mouth and closing your eyes, can that really solve problems? With flexible employment, slow...
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UK furlough scheme ends amid calls for further support
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Firms still relying on the job protection scheme call for more support as it is wound up.
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‘I was embarrassed to tell friends about my business’
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Speaking on A Million by 30 with Sean Farrington on BBC Radio 5 Live, he says the first time...
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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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