Thames Water creditors accused of ‘shuffling chairs on Titanic’ with plan for new board

Campaigners say proposal for £10bn rescue deal in bid to avoid nationalisation is a ‘cosy stitch-up’ Business live – latest updates The group of creditors pursuing a rescue bid for Thames Water have been accused of shuffling the deckchairs on the Titanic after proposing an overhaul of the stricken utility’s board. In

The London & Valley Water consortium is said to be hoping to secure agreement for its deal this autumn to avoid the supplier being nationalised.

The London & Valley Water consortium is said to be hoping to secure agreement for its deal this autumn to avoid the supplier being nationalised.

The London & Valley Water consortium is said to be hoping to secure agreement for its deal this autumn to avoid the supplier being nationalised.

The consortium attempting to take control of Thames Water has named three proposed directors with water, infrastructure and Whitehall experience as it tries to win government approval for a deal to bail out the troubled utility.

Thames Water creditors pick Mike McTighe to lead overhaul plan  The Times

The group of creditors vying to take control of Thames Water has said it will appoint the former bosses of Yorkshire Water and BT Openreach to the utility’s board should it succeed in fending off nationalisation by the government. The London & Valley Water (L&VW) consortium, which includes heavyweight investors includi

Move is aimed at reassuring government there would be a change of leadership under their ownership