💧 Thames Water continues to make financial losses and still faces an uncertain financial future, in spite of the lifeline from shareholders BenGartside explains what Thames Water’s £750m cash injection means for your bills ⬇️
Investors and financial analysts have been cautiously optimistic following the announcement.
Bloomberg intelligence credit analyst Paul Vickars agreed, saying that the agreed investment “looks sufficient to shore up the balance sheet … Thames Water should be able to avoid being placed into a special administration scheme.”It is hard to see the financial position or environmental performance of Thames Water improve without the company charging higher bills going forward, some experts believe.
“By 2050, the Environment Agency and the water companies believe that about £50bn needs to be invested to get sewage overflows down to an acceptable level.
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