Departure of Alastair Cochran comes as struggling utility faces severe cash crunch
UK’s largest utility is facing a cash crunch weighed down by nearly £20bn in debt
Investors, as well as consumers, need regulators with teeth to ensure fair competition and rules
Potential investors are ‘hanging round the hoop’ with four parties said to be most committed to the process
UK’s largest water utility postpones appeal over bill increases as it seeks new shareholders
Judges rule deal can go ahead with only a small change to releases freeing directors from future litigation
Allegation comes as utility waits for Court of Appeal decision over £3bn emergency loan
Bond group records windfall on lifeline for UK utility even before deal is finalised
Wall Street stocks tumble as investors fret over US economic slowdown
The public water utility cannot avoid a debt refinancing, despite the horrifying expense
Some consumers will pay almost 50% more from April as confusion mounts over price rises
Deal would require debt-laden utility’s bondholders to take significant writedowns
Plus, the SEC cracks down on ESG engagement and once high-flying Nikola collapses into bankruptcy
Private equity firm plans to keep debt-laden utility in one piece, in contrast to other bidders
Bailout comes as funds inject £900mn in new equity into fellow utility Southern Water
Indebted utility faces crucial court judgment this week on emergency £3bn loan
The government should place the struggling utility into special administration
Key dates are looming for the UK’s biggest water company
Indebted utility says Ofwat’s limit on price rises by 2030 will not support investment
More than half of treatment sites do not have enough tanks or pipes to process volume of waste water, company data shows
Ofwat says customers had paid for essential works, adding to pressure on utility
Court will decide whether to approve emergency £3bn loan for UK’s biggest water utility
Troubled utility tells court hearing for emergency loan that restructuring costs could top £200mn
Creditors criticise “ransom terms” on up to £3bn in funding as the utility faces running out of cash
Government is bracing for a possible renationalisation of the UK’s biggest water company
