Thames Water's "Class B" creditors consider Supreme Court appeal after losing restructuring challenge

Thames Water can now press ahead with its “eye watering” financial restructuring (Andrew Matthews/PA) - (PA Archive)

Thames Water has cleared a major legal hurdle to a £3 billion cash injection that will save it from financial collapse and a Government bailout.

The Court of Appeal dismissed an appeal from a group of Thames Water bond holders against a last ditch financial restructuring that will give Britain’s biggest water supplier more time to put itself on a sustainable longer term footing.