The Papers: Thames Water on brink and Madonna in intensive care
Turmoil at the UK’s biggest water company and the postponement of Madonna’s world tour lead the papers. …
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The Financial Times 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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