Jess Shankleman
@jessshankleman.bsky.social
Bloomberg journalist covering climate change, Thames Water, sewage, environment. Views mine.
Pinned
Hello Bluesky people! I cover environment and climate change at Bloomberg News in London. I spend a lot of time writing about Thames Water and sewage. Yuck.
Thames Water is in court today seeking permission for a £3bn emergency loan at 9.75% interest rate, to avoid running out of cash.
A rival group of creditors say the deal is a trap and want Thames to take their loan offer at 8%. Neither looks like the best deal
www.bloomberg.com/news/article...
A rival group of creditors say the deal is a trap and want Thames to take their loan offer at 8%. Neither looks like the best deal
www.bloomberg.com/news/article...
Thames Water Set For Pivotal Hearing on £3 Billion Rescue Loan
A £3 billion ($3.8 billion) planned rescue loan to Thames Water would hold the company “to ransom” and hand control to senior creditors, lawyers representing rival lenders told a London judge on Tuesd...
www.bloomberg.com
December 17, 2024 at 1:22 PM
Thames Water is in court today seeking permission for a £3bn emergency loan at 9.75% interest rate, to avoid running out of cash.
A rival group of creditors say the deal is a trap and want Thames to take their loan offer at 8%. Neither looks like the best deal
www.bloomberg.com/news/article...
A rival group of creditors say the deal is a trap and want Thames to take their loan offer at 8%. Neither looks like the best deal
www.bloomberg.com/news/article...
Thames CEO Chris Weston warns breaking up the utility would be a distraction from dealing with its bigger problems of fixing leaks and sewage spills. Last week it had a bid from Covalis Capital hinging on a plan to raise money by selling off some Thames assets.
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Thames Water’s Debt Pile Grows as It Warns Cash Is Running Out
The chief executive of Thames Water warned breaking up the utility would be a distraction from dealing with its bigger problems of fixing chronic leaks and sewage spills.
www.bloomberg.com
December 10, 2024 at 9:53 AM
Thames CEO Chris Weston warns breaking up the utility would be a distraction from dealing with its bigger problems of fixing leaks and sewage spills. Last week it had a bid from Covalis Capital hinging on a plan to raise money by selling off some Thames assets.
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Infrastructure investor Covalis Capital has submitted a £5 billion bid to take over struggling UK water company Thames Water
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Covalis Capital Puts Up £5 Billion Takeover Bid for Thames Water
Infrastructure investor Covalis Capital has submitted a £5 billion ($6.4 billion) bid to take over struggling UK water company Thames Water, according to a person familiar with the matter, as the bele...
www.bloomberg.com
December 5, 2024 at 9:23 PM
Infrastructure investor Covalis Capital has submitted a £5 billion bid to take over struggling UK water company Thames Water
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Investors gave a lukewarm response to Thames Water’s equity raise, with several potential bidders ruling themselves out of the process, and the viability of one offer in doubt.
CKI — one of the firms tipped to invest — decided against placing a preliminary bid www.bloomberg.com/news/article...
CKI — one of the firms tipped to invest — decided against placing a preliminary bid www.bloomberg.com/news/article...
Thames Water’s Equity Raise Gets Muted Response From Investors
Investors gave a lukewarm response to Thames Water’s equity raise, with several potential bidders ruling themselves out of the process, and the viability of one offer in doubt.
www.bloomberg.com
December 5, 2024 at 4:19 PM
Investors gave a lukewarm response to Thames Water’s equity raise, with several potential bidders ruling themselves out of the process, and the viability of one offer in doubt.
CKI — one of the firms tipped to invest — decided against placing a preliminary bid www.bloomberg.com/news/article...
CKI — one of the firms tipped to invest — decided against placing a preliminary bid www.bloomberg.com/news/article...
Scoop: Castle Water will offer to inject £4 billion ($5.1 billion) into Thames Water this week to help save the beleaguered utility from administration. It's backed by The William Pears Group, a financing and real estate company that would provide funding.
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Castle Water to Offer £4 Billion Equity to Rescue Thames Water
Castle Water Ltd. will offer to inject £4 billion ($5.1 billion) into Thames Water this week to help save the beleaguered utility from administration, according to a person familiar with the matter.
www.bloomberg.com
December 2, 2024 at 1:12 PM
Scoop: Castle Water will offer to inject £4 billion ($5.1 billion) into Thames Water this week to help save the beleaguered utility from administration. It's backed by The William Pears Group, a financing and real estate company that would provide funding.
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
In the latest sign of Thames Water troubles spreading across the industry, lenders to Southern Water have hired advisers after it was downgraded to junk last month www.bloomberg.com/news/article...
Southern Water Lenders Tap Advisers to Help Stabilize Utility
A group of lenders to Southern Water Ltd. has brought advisers on board to help them assess options to stabilize the situation at the UK utility, according to people with knowledge of the matter.
www.bloomberg.com
December 1, 2024 at 5:07 PM
In the latest sign of Thames Water troubles spreading across the industry, lenders to Southern Water have hired advisers after it was downgraded to junk last month www.bloomberg.com/news/article...
Ed Miliband says he had “a degree of PTSD” in the final hours of #COP29 last week, thinking it was going to be a repeat of Copenhagen.
Speaking at @aldersgategroup.bsky.social event last night with Theresa May
Speaking at @aldersgategroup.bsky.social event last night with Theresa May
November 28, 2024 at 12:04 PM
Ed Miliband says he had “a degree of PTSD” in the final hours of #COP29 last week, thinking it was going to be a repeat of Copenhagen.
Speaking at @aldersgategroup.bsky.social event last night with Theresa May
Speaking at @aldersgategroup.bsky.social event last night with Theresa May
Water companies are using a legal loophole to avoid compensating customers for outages, says Ofwat CEO David Black. The standards are currently drafted to allow exemptions for extreme events.
"Our worry is companies use these to avoid a responsibility"
www.theguardian.com/environment/...
"Our worry is companies use these to avoid a responsibility"
www.theguardian.com/environment/...
Water companies in England ‘using loopholes’ to avoid paying for outages
Ofwat CEO says rules must be changed so that customers left without water get compensation automatically
www.theguardian.com
November 26, 2024 at 4:32 PM
Water companies are using a legal loophole to avoid compensating customers for outages, says Ofwat CEO David Black. The standards are currently drafted to allow exemptions for extreme events.
"Our worry is companies use these to avoid a responsibility"
www.theguardian.com/environment/...
"Our worry is companies use these to avoid a responsibility"
www.theguardian.com/environment/...
Macquarie won’t be able to repeat the practice of paying hefty dividends from Southern Water in the same way that it did while it ran Thames, says Ofwat CEO David Black www.bloomberg.com/news/article...
Macquarie Won’t Be Able to Run Southern Water Like Thames: Ofwat
Macquarie Group won’t be able to repeat the practice of paying hefty dividends from Southern Water Ltd. in the same way that it did while it ran Thames Water, the UK regulator’s boss said on Tuesday.
www.bloomberg.com
November 26, 2024 at 3:27 PM
Macquarie won’t be able to repeat the practice of paying hefty dividends from Southern Water in the same way that it did while it ran Thames, says Ofwat CEO David Black www.bloomberg.com/news/article...
Li Ka-shing’s CKI Infrastructure says it's considering investing in the heavily indebted Thames Water. Indicative bids due next Thursday www.bloomberg.com/news/article...
CK Infra ‘Studying All Opportunities’ Amid Thames Water Talk
CK Infrastructure Holdings Ltd. said it’s studying all opportunities that are beneficial to the company and its shareholders, in a response to recent news reports about its interest in investing in Th...
www.bloomberg.com
November 26, 2024 at 12:02 PM
Li Ka-shing’s CKI Infrastructure says it's considering investing in the heavily indebted Thames Water. Indicative bids due next Thursday www.bloomberg.com/news/article...
Hello Bluesky people! I cover environment and climate change at Bloomberg News in London. I spend a lot of time writing about Thames Water and sewage. Yuck.
November 26, 2024 at 12:00 PM
Hello Bluesky people! I cover environment and climate change at Bloomberg News in London. I spend a lot of time writing about Thames Water and sewage. Yuck.