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UK court backs £3 bn loan for indebted Thames Water
UK court backs £3 bn loan for indebted Thames Water
Economy
by  AFP

A court on Tuesday approved a £3 billion ($3.8 billion) emergency loan for Britain's largest water supplier Thames Water, offering it a lifeline as it buckles under a mountain of debt. To help turn its fortunes around, Thames is appealing to Britain's water regulator to hike its bills further and is looking to attract takeover offers.