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Financial Times - Threat to Thames Water’s survival spurs interim nationalisation plans
Summary of the front page
Work is being done to prepare for an interim nationalisation of Thames Water, says the Financial Times.
The paper says that, amid the turmoil, the price of a 2026 bond sold by Thames Water’s parent company, Kemble Water Holdings, has plunged by 35p to 50p. It also quotes Cathryn Ross, interim co-chief executive, saying earlier this month that the company has made a “very large loss and that is not ideal in terms of raising capital”.
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