Source: Sharecast
Lenders to Thames Water have said they will provide £5bn in funding to the struggling utility, in an emergency turnaround plan that has quickly raised concerns from the water regulator, Ofwat, over potentially inadequate losses for debt holders. The group of existing senior creditors to Thames Water, a band of more than 100 financial institutions, said their plan would inject £3bn of equity and another £2.25bn of debt. – Guardian
A green technology project pioneered by Ed Miliband faces collapse without an additional £4bn in funding, industry chiefs have warned. Olivia Powis, the chief executive of the Carbon Capture and Storage Association, said the fledgling technology must receive support from Rachel Reeves, the Chancellor, at her spending review on Wednesday despite having been recently awarded almost £22bn in public subsidies. – Telegraph
BBC bosses are holding talks about how to win over Reform-voting viewers amid fears their views are under-represented by the broadcaster. Senior executives including director-general Tim Davie and chairman Samir Shah have discussed plans to overhaul the BBC’s news and drama output to tackle “low-trust issues” among Reform voters. - Telegraph
Lex Greensill has told the High Court that there was a “code of silence” around a disputed transaction at the heart of a $440 million legal battle. Credit Suisse is suing the Japanese technology investment group Softbank over losses linked to Greensill’s finance firm, which collapsed in 2021 amid a financial and lobbying scandal. – The Times