Special Administration News Today

Green MP Caroline Lucas discusses the requests by water companies to raise the bills of customers by as much as 91% amid an ongoing crisis.

Parliament will be dissolved next week after Rishi Sunak called the general election for July 4.

The water regulator is working on rescue plans for Thames Water that could see its sprawling operations dismantled and sold off as piecemeal to rival suppliers.

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Thames Water aims to increase bills by 45pc over the next five years as it seeks to shore up its finances amid mounting debt pressures.

The law can help struggling firms turn their business around, but stigma around the legal terms may be deterring companies from acting in time.

Thames Water is at risk of renationalisation after it failed to secure hundreds of millions of pounds in survival funding.

(Bloomberg) -- The owners of Thames Water Utilities Ltd. are heading for a showdown with the government after shareholders refused to inject £500 million ($631 million) into the troubled supplier.Most Read from BloombergLondon Insurers Face Baltimore Bridge Payouts Worth BillionsDubai Is Losing Its Allure for Wealthy RussiansBiden Gains Ground Against Trump in Six Key States, Poll ShowsChina Property Crisis Is Rippling Through Its Biggest BanksUBS Banker’s Frustration Exposes Cracks ...

Thames Water held a crunch board meeting on Wednesday amid a scramble to secure hundreds of millions of pounds from shareholders.

With the finances of several UK water companies in the headlines, the UK has updated its special administration regime for the water industry to prioritise rescuing water companies as a...