Repeated failings led to raw effluent pouring into waterways, watchdog finds
Crisis talks with regulator and government led to agreement to pause controversial payouts
Utility claims new legislation to block bonuses will not capture ‘retention payments’
Utility’s chair tells MPs that retention payments are needed to prevent rivals ‘picking off’ staff
Plus, the lawyer facing Trump’s wrath and Japan’s Toyota-inspired stock rally
Debt-laden utility a ‘better business after our stewardship’, says executive from Australian group
US private equity firm is preferred bidder for UK utility trying to avert renationalisation
Company documents show work at 13 treatment facilities is behind schedule and over budget
Former finance head at Anglian Water replaces Alastair Cochran who unexpectedly resigned last month
Private equity interest comes as UK’s largest water utility fights to avoid renationalisation
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
