Thames Water to release new business plan this week

Thames Water is rushing to find at least £2.5bil (US$3.1bil) in equity after parent company Kemble Water Holdings Ltd last month refused to inject any more money into the business. — Bloomberg

LONDON: Thames Water Utilities Ltd’s board members are set for last-ditch talks to update their business plan this week after shareholders branded the previous one “uninvestible”.

Directors of the heavily indebted utility are set to meet tomorrow, with the plan expected to be released on Friday, according to a person familiar with the plans who asked not to be identified while discussing private matters.