Thames Water’s backers urge rivals to join £1.5bn plan | Money news – Uptrends

Thames Water’s backers urge rivals to join £1.5bn plan | Money news

 – Uptrends

A group of financial heavyweights offering Britain’s biggest water supplier a £1.5bn lifeline are calling on the company’s other backers to accept the plan in a last-ditch effort to save the utility. Thames water It has been struggling to stay afloat since March when its investors refused to give it more money, raising the possibility … Read more

Octopus Energy makes UK £1.5bn profit from Bulb rescue | Business News – Uptrends

Thames Water’s backers urge rivals to join £1.5bn plan | Money news

 – Uptrends

The energy supplier that bailed out rival Bulb after its collapse in 2021 has repaid the final tranche of government support provided to secure the deal, delivering what it will say this week represents a £1.5bn windfall for taxpayers. Octopus Energy will announce on Thursday that it has paid more than £3bn to the government, … Read more