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Thames Water rescue plan attacked by excluded bidders
Simon JackBusiness editor Reuters A rescue proposal by lenders to Thames Water has been criticised by other potential bidders, frustrated to have been frozen out of talks on the future of the UK’s biggest water utility. Thames Water is running out of money and is living on an emergency lifeline from the group of lenders…
Leon will focus on stations and airports to revive fortunes, boss says
Emer MoreauBusiness reporter Getty Images Fast-food chain Leon will open more restaurants in service stations, airports and train stations, after it closes 20 on the High Street, its boss has said. John Vincent said the upcoming rises in business rates along with overall cost increases means the High Street is no longer as profitable. Leon…
Landmark global shipping deal abandoned under US threats
A landmark deal to cut global shipping emissions has been abandoned after Saudi Arabia and the US succeeded in ending the talks. More than 100 countries had gathered in London to approve a deal first agreed in April, which would have seen shipping become the world’s first industry to adopt internationally mandated targets to reduce…
