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Thames Water lenders submit rescue plan to stave off collapse
Thames Water’s lenders have submitted a new rescue plan to prevent the UK’s largest water company from collapsing. London & Valley Water, a consortium of large financial institutions and investors, has submitted proposals which include writing off about a third of the company’s near £20bn debt pile and investing an initial £5.4bn to stablise the…
Bankers to get bonuses quicker under rule change
Senior bankers will be able to pocket bonuses more quickly under a relaxation of rules brought in after the financial crisis of 2007/2008. Senior bankers have had to wait up to eight years to collect their bonus in full to make sure the deals they were being rewarded for turned out to be profitable longer…
Annual energy bills predicted to fall by £22 in January
Archie MitchellBusiness reporter PA Media Household energy bills are expected to fall slightly in the new year before rising again in April, according to consultancy Cornwall Insight. The forecaster expects the annual bill for households using a typical amount of gas and electricity will be £1,733 between January and March, when the latest energy price…
