Fresh crisis for Thames Water as investors pull plug on £500m of funding

Decision raises concerns about financial future of UK’s biggest water company

Investors at Thames Water have pulled the plug on £500m of emergency funding, raising concerns about the financial future of the country’s largest water company.

The beleaguered utilities firm announced this morning that its shareholders had refused to provide the first tranche of £750m funding set to secure its short-term cashflow, after the company had failed to meet certain conditions.