Ofwat urged to consider ‘regulatory reset’ after struggling utility giant hit with record penalty
Ofwat urged to consider ‘regulatory reset’ after struggling utility giant hit with record penalty
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Regulator allows utility more time to find money as it scrambles to establish rescue deal
£5bn rescue plan would set ‘deeply troubling precedent’, say bondholders who face losing all of their money
Heavily indebted utility puts back ‘retention payments’ for 21 executives until new year amid search for rescue deal
Discussions are ‘taking longer than expected’, which may mean regulator is tearing chunks out of creditors’ proposal
Clock is ticking on approving creditors’ emergency offer for utility as October deadline looms
The water industry regulator should not let the utility’s bondholders take control too easily
