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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…
Cloudflare apologises for outage which took down X and ChatGPT
A number of high-profile websites, including X and ChatGPT, went down for many on Tuesday, due to problems affecting major internet infrastructure firm, Cloudflare. Thousands of users began reporting issues with the sites, as well as other services, to outage monitoring site Downdetector shortly after 11:30 GMT. Cloudflare said th “significant outage” occurred after a…
Boxing Day sales fall flat once again
Faarea MasudBusiness reporter Getty Images Boxing Day sales have seen a muted start as shoppers continued to shun bricks-and-mortar stores in favour of online. By 3pm, visits to UK high streets were down 1.5% on 2024, while shopping centres saw a 0.6% fall, according to data from MRI Software. MRI’s footfall data showed retail parks…
