[ Thames Water’s parent company is set to default on key loans, as the embattled water firm struggles to pay back debts. On Friday, Kemble Water Finance issued a formal notice of default to its bondholders, announcing that interest payments on a £400m bond due to debtors had not been paid. The holding company, which … Read more
[ France will launch a €49-a-month rail pass this summer offering unlimited travel on the country’s TER and Intercity trains. This week, however, some changes to the initial plan were released Only people aged 26 or younger will be eligible for the pass, revealed an announcement by transport minister Patrice Vergriete on Wednesday. The monthly … Read more
[ Thames Water’s 15 million customers are being “held to ransom” by China’s sovereign wealth fund and the troubled utility’s other foreign and domestic shareholders, campaigners have warned. The nine major investors in Thames Water, which is struggling to secure its financial future as it seeks to manage a £18.3bn debt pile, significantly upped the … Read more
[ Taxpayers face the prospect of bailing out the UK’s largest water company Thames Water as the company’s chief executive warned bills will need to rise by 40 per cent by 2030. Bosses at Thames Water have hit a dead end with shareholders over much-needed investment to keep the company going and update its creaking … Read more
[ Steel group Tata is to go-ahead with its plans to close blast furnaces at its Port Talbot plant in a move that is expect to lead to the loss of 3,000 jobs. Unions met with the company after presenting alternative proposals aimed at saving jobs at the south Wales site. Tata rejected the plan … Read more
