The creditors of Thames Water have put a new rescue plan together which is being submitted today to Ofwat. Under the new plans, £5.4bn of funding will be provided and some investors will write off up to £12.5bn of debt. The regulator must approve the plans to avoid the company going into temporary nationalisation.
Meanwhile, the FTSE 100 hit new record highs yesterday as stock markets largely ignored the US government being in shutdown, while Thursday will see a new company debut on the London Stock Exchange - a data centre company called Firmi, which is the first Nasdaq-LSE dual listing in decades.
