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A group of Thames Water’s creditors form a coordination committee as talks kick off with the struggling utility over options to restructure its debt load, sources say bloomberg.com/news/articles/…

There is great concern that having gas-exporting Azerbaijan host #COP29 is not consistent with #ClimateChange goals, but the country would not be producing gas if demand, especially from Europe, did not exist. Good reporting from Jess Shankleman. bloomberg.com/news/articles/…

Thames Water may be put into a special turnaround regime within months - far sooner than expected, a process that could lead to the break up of Britain’s largest water company bloomberg.com/news/articles/… via Bloomberg Markets

Bad news for The Wombles

New: UK government signs off on London City Airport’s plan to grow passenger numbers by nearly a third, angering environmental campaigners bloomberg.com/news/articles/… via Bloomberg Green

Scoop: Steve Reed + Spencer Livermore will host water investors next week in a bid drum up £88 billion in private money for the sector's biggest ever spending program More from mine + Jess Shankleman's interview with the Environment Secretary here: bloomberg.com/news/articles/…

UK’s Starmer warns far right offers ‘snake oil’ of easy answers bloomberg.com/news/articles/… via Jess Shankleman

Labour's growth plans for the UK, as they stand, are based on the private sector investing gazillions. What's happening in the water sector, in particular relations with Ofwat, threatens those plans. Investor sentiment in the UK is at an all time low bloomberg.com/news/articles/…

Supermarkets sold just 79 million single use plastic bags in the last year because of the 10p bag charge Down 86% on 2018/19 levels Just don't mention this classic Mail splash from 2015: "plastic bag chaos looms" New figures: gov.uk/government/pub…

Thames Water's mess has already raised debt costs for other water companies. The question now is whether that will prompt Ofwat to allow fatter returns for the next five year price control period. Important story from Ronan Martin bloomberg.com/news/articles/…

An updated map to the one I tweeted this morning. All areas in white have seen over 64mm of rain in the 48 hours to 13.30BST today. Looks like some areas (e.g., around Bedfordshire) have may have seen as much as 150mm of rain since Saturday lunchtime. And more to come...

Scoop: Thames Water Contagion Leads Ofwat To Mull Higher Investor Returns in #pr24 bloomberg.com/news/articles/…

The UK government created a first-of-its-kind insurance program to shore up flood defenses. But with flooding worsening, it's not sustainable. Find out how monks maybe had the answer 900 years ago in this story by Jess Shankleman Olivia Rudgard bloomberg.com/features/2024-…

Bloomberg is launching its weekend edition. Read about it - and the history of weekends -- here. bloomberg.com/news/articles/…

Exclusive: Thames Water has officially started a process to raise at least £3.3 billion in equity that it needs to stay afloat bloomberg.com/news/articles/…

Clearly there's no political bandwidth for anything but Trump today but yesterday's market moves were bad for Reeves. Her fiscal headroom has been wiped out by higher borrowing costs. Unless rates settle back or growth rises she may need to find more money bloomberg.com/news/articles/…

In July, Simon Stiell UN Climate Change chief, declined our request to visit Anar Mammadli on his birthday⤵️ ‼️UNFCCC said it wasn’t their responsibility to advocate for Mammadli, Jess Shankleman reports for Bloomberg: bnnbloomberg.ca/business/inter…

Thames Water last week extended the deadline in its search for billions of pounds in new equity, as it demands more from potential investors on how they plan to help turnaround the beleaguered utility bloomberg.com/news/articles/… scoop with @ManySundays