Thames Water shareholders refuse to inject more cash

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20 minutes ago

Thames Water's shareholders are refusing to give the struggling water giant extra cash unless bills rise.

They were due to invest £500m by the end of March, but have withheld it saying its turnaround plan is "uninvestible".

Shareholders want the regulator Ofwat to agree to a substantial increase in water bills for Thames' 15 million customers over the next five years.

The future of Thames Water has been uncertain since last summer.

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