Domino's faces £3m loss from government budget changes

Thames Water, a struggling utility company in the UK, has reported a significant loss of £189 million in the first half of its financial year. This loss has been attributed to pollution penalties, payments to external consultants, and losses on inter-company loans. The company is currently grappling with a severe financial and operational crisis, which it acknowledges has been decades in the making. In a potential move to stabilize, Thames Water is seeking to secure £6.5 billion in liquidity from creditors and intends to attract £3.5 billion from new equity investors by presenting a compliant plan to the water industry regulator Ofwat. The chief executive, Chris Weston, highlighted the severity of the situation, stating that substantial financial investment is required to address the ongoing issues plaguing the utility, and it remains uncertain whether a sustainable recovery is feasible given the scale of the operational challenges faced by the company.