Parent company of UK's biggest water supplier defaults on debt

London (AFP) April 6, 2024

Thames Water's parent company has defaulted on a payment, deepening the crisis at the UK's largest water supplier, which is heavily indebted and under fire for failing to stop sewage discharges into the nation's waterways. The default comes after Thames Water on March 28 said it had failed to raise a major cash injection from shareholders, blaming industry regulations that made its rescue p