Thames Water Parent Company's Bond Plunges to Historic Low Amid Financial Turmoil
Tuesday, 2 April 2024, 11:06
Thames Water Owner Battles Financial Woes
A bond issued by Thames Water’s parent company, Kemble, has plummeted to just 14.4p as shareholders resist investing more capital, leading to heightened concerns over the company's viability.
Government Intervention Looms
The UK government is closely monitoring the situation and has signaled its readiness to step in if required, underscoring the severity of the firm's financial distress.
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