Thames Water, a UK-based water utility company, is seeking £3 billion in funding to avoid insolvency. The company has been struggling with rising costs and declining revenue due to environmental regulations and changes in customer behavior. If unsuccessful, Thames Water could face financial difficulties, potentially impacting its ability to provide essential services to millions of customers.

Source: https://www.bloomberg.com/news/newsletters/2024-10-25/thames-water-seeks-3-billion-to-avoid-insolvency