Finance and Investment
Southern Water’s finances are coming under pressure, according to a report by the Financial Times this morning.
FIDO AI Ltd – the software company helping to rapidly improve global water resilience using AI-led non-revenue water (NRW) reduction and curated water data insights - has announced that it has raised Series B funding required to further scale its business.
The Directors of Thames Water Utilities Holdings Ltd (TWUH) have assessed the fair value of Thames Water as nil, according to Thames Water Utilities Holdings Ltd's Annual Financial Statements for the year ended 31 March 2024 published this morning.
S&P ratings agency has again cut the rating on Thames Water’s £16 billion of debt by five notches – further deepening the water company’s ongoing financial crisis.
Moody's Ratings has downgraded Thames Water again - the rating action follows Thames Water's announcement on 20 September 2024, that most of its liquidity would expire by December 2024, and accessing remaining liquidity will require creditor consent.
- Global investors warn Government over UK infrastructure investment prospects as Thames struggles to find funding in face of £16.5 billion debt
- Private equity firm FFL Partners sells investment in Ovarro to Indicor LLC
- Wessex Water warns Ofwat Draft Determination puts its ability to retain and attract investment at risk
- Owners of Northumbrian Water admitted to Main Market of London Stock Exchange
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United Kingdom – Coventry: Biosolids recycling and associated services. Deadline: PME 01.04.2025 March 12, 2025
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United Kingdom – Glasgow: Supply of Low Emission Structural Steel & Rebar. Deadline: 04.04.2025 March 6, 2025
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Expert Focus
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Thames Water starts work on £20 million pipe upgrade in Islington February 13, 2024
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