UK's Largest Water Supplier Raises £750M In Race To Avoid Collapse

Debt-laden Thames Water has secured an extra £750m of equity funding from shareholders, as the firm races to avoid nationalisation. The UK’s largest water supplier – which provides water to over 15m customers – insisted it “maintains a strong liquidity position,” this morning, as ministers and watchdog Ofwat continue to discuss bringing it under public ownership. In an attempt to shore up its balance sheet amid a £14bn debt pile, the crisis-hit firm has been making desperate attempts to raise additional…