THAMES Water has warned that it will run out of money by the end of next May, as the heavily indebted company intensifies efforts to secure fresh funding.
Britain's biggest water firm, which is creaking under a debt pile of more than £15 billion, said yesterday that it had £1.8bn of cash reserves at the end of June, a fall from £2.4bn three months previously.
The firm said it is still looking for new funds needed to maintain and update its infrastructure, after investors pulled the plug on £500 million of emergency cash earlier this year.
Chief executive Chris Weston said Thames had taken "informal soundings which have shown there is interest in the market".
He added that the company will be looking at a "broad church" of potential investors which could include existing shareholders.
هذه القصة مأخوذة من طبعة July 10, 2024 من Manchester Evening News.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة July 10, 2024 من Manchester Evening News.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Ref chiefs taking Coote allegations 'seriously'
A VIDEO appearing to show suspended Premier League referee David Coote snorting white powder is being taken 'very seriously' by the referees' body.
Heskey be next could starlet to make grade
COLE Palmer was sold for £42m and has 52 goals or assists in 58 games since leaving City. And a goal in the European Championship final.
Impressive England too slick for Greece
ENGLAND are on course for promotion back to the Nations League top tier after debutant Curtis Jones' fantastic flick completed an impressive 3-0 victory in Greece as Thomas Tuchel watched from afar.
Coach Borthwick 'under pressure'
RASSIE Erasmus insists Steve Borthwick is a coach under pressure as South Africa look to inflict further misery on England at Allianz Stadium.
Government to ban coal mining projects
NEW coal mining schemes will be banned in the UK, the Government has said.
Former PM Sunak returns as backbencher
FORMER prime minister Rishi Sunak has returned to the Commons as a backbencher.
Starmer hails arrest of small boat suspect
SIR Keir Starmer has said the arrest of a 44-year-old Turkish man suspected of being a supplier of small boats was a \"significant piece of the jigsaw\" in tackling Channel migrant crossings but \"I'm not pretending it's the silver bullet\".
Charles marks birthday with food hub visit
THE King has celebrated his 76th birthday by visiting a food distribution hub as part of his drive to support charities feeding the nation.
Republicans gain control of House to secure power
THE Republican Party has won enough seats to control the US House, completing the party's sweep into power and securing their hold on the American government alongside president-elect Donald Trump.
My beautiful light in the dark
Joy of mother told she had aggressive cancer while pregnant
