George B Gray, A.A.E, M.IMI, EngTech, IOSH.’s Post

The quality of our water, the essential element that sustains all life, should not be a political football or exploited for profit by foreign governments or companies…

Thames Water, a vital player in Britain's privatized water sector, faces turbulent times following the default on the £400 million bond of its parent company, Kemble Water Finance. The implications are far-reaching, with stakeholders bracing for losses and reduced equity values. Navigating regulatory hurdles and urgent infrastructure needs adds complexity to Thames Water's financial strategy. Despite these challenges, the company is exploring options to secure financing and ensure stability, including debt restructuring and strategic alternatives. With a £15.6 billion debt burden and Kemble's bonds trading at a distressing 15% of their face value, Thames Water is at a critical juncture. However, with £2.4 billion in cash reserves and access to overdrafts, operational liquidity is secured until 2025. #thameswater #financialchallenges #kemblewaterfinance #infrastructureinvestment #stakeholderresilience Source: FT

Which companies does your superannuation support? Are you aware (pun intended) that Aware Super supports Woodside Energy - one of Australia’s worst climate offenders? Write your super fund now but more than that, consider moving your funds to a more ethical alternative. https://lnkd.in/gMR4tJjz