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The Latest Breaking News from Chris Weston

Banks help ASX edge higher after three days in the red

The ASX200 has edged higher to lift itself out of a three-day losing streak, as gains in IT stocks and financials outweigh a sluggish materials sector.

AAP

Struggling Thames Water pushes for £3bn lifeline with cash due to run out in December

Fresh funds are ‘liquidity bridge’ to stabilise firm and give it time to secure long-term investment, says boss

The Guardian - UK

Thames Water launches plan to raise up to £3bn in emergency funding

The struggling utilities giant has put forward the deal amid continued efforts to restructure its significant debt pile.

Evening Standard

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Australian shares rebound but still lose ground

The ASX200 has finished 0.3 per cent lower, recovering ground after being down by as much as 1.2 per cent in early trading.

AAP

Five wonderful and weird comics to read if you love Umbrella Academy

The Umbrella Academy is the story of seven adopted superhuman misfits and their super-rich father, Sir Reginald Hargreeves (AKA the Monocle). If you have watched the television adaptation, which is barrelling into its last season, you will already be fans of the mix of conspiracy, US ephemera and choreographed ultraviolence…

The Conversation

Thames Water hit with £39m of penalties after missing regulatory targets

Performance report shows debt-laden company missed 21 targets in areas from pollution to supply interruption

The Guardian - UK

Thames Water bills to shoot up by almost £100 over the next five years

The company has warned that it could run out of money by next May if it is not allowed to put up bills by 59%

Evening Standard

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Thames Water blames climate change after sewage discharge into rivers doubles

Firm under fire as it admits huge increase in pollution as it pushes for 59 per cent bill hike and pays out £195million to shareholders

Evening Standard

Rise in sewage pollution from Thames Water’s ageing treatment works

Incidents from sites and pipe network increased by 19 last year to 350 amid delays in investment, company says

The Guardian - UK

Thames Water to tap investors for funds as it will run out of cash by next June

Company is laden with £15.2bn of debt, up £1.3bn on the previous year, most of which could be added to the public purse

The Guardian - UK

China new home prices fall at fastest rate in nearly 10 years; French political uncertainty weighs on markets – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Water watchdog to refuse suppliers’ requests to increase prices

Thames Water requested a bill increase of up to 59 per cent as it faces £15billion of debt, according to reports

The Independent UK

Look at the Thames and know the time for metaphors is over: our politics is drowning in effluent

It took a sewage-plagued Boat Race to do it, but people can now see the appalling state of England’s water industry and waterways, says Guardian columnist Marina Hyde

The Guardian - UK

Thames Water on road to state rescue amid investor standoff with Ofwat

After regulator resists 40% increase in bills, shareholders deny request for more money – raising prospect of nationalisation

The Guardian - UK

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Evening Standard

Thames Water boss under fire as he says bills have to go up by 40%

The Communities Secretary branded the water company’s leaders ‘a disgrace’ and claimed the firm had acted in an ‘arrogant way’ towards its customers

GamesRadar

The Umbrella Academy creator Gerard Way may have the remedy for superhero fatigue in surreal new comic Paranoid Gardens

The new series with Chris Weston and Shaun Simon has been dubbed "Derek meets Doctor Who"

Evening Standard

Few drops of comfort for new Thames Water boss

City Comment: The ex-military man will surely have no illusions about the scale of the challenge in front of him

The Guardian - UK

Thames Water appoints Chris Weston as boss with up to £2.3m package

Former British Gas executive tasked with leading turnaround in face of debts and controversy over sewage

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news in one place.

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Evening Standard

Thames Water appoints Chris Weston as £850,000 a year CEO

Former boss of FTSE 250 power company Aggreko will run London's 15 million customer utility from 8 January

The Guardian - UK

Sterling slides back towards record low as Bank of England and Treasury fail to reassure markets – as it happened

Bank of England says it ‘will not hesitate’ to change interest rate but appears to be trying to squash expectations of an emergency rise

The Guardian - UK

Pound hits all-time low against dollar after mini-budget rocks markets

Odds of sterling hitting parity with dollar jump, as analysts say UK bond market ‘getting smoked’ by giveaway

Autosport

When Caterham enjoyed its finest hour in improbable surroundings

Twenty years ago, a humble Caterham squad took on the Nurburgring 24 Hours and delivered a giant-killing performance that captured the imagination of fans. Here's how the team did it.

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