Thames Water’s £3bn rescue loan has been approved by the court after an appeal against the deal was dismissed. The loan will allow the company to continue operating for at least another 12 months, giving it time to restructure its nearly £20bn in debt and attract new investment. The decision was welcomed by Thames Water’s chief executive, who stated that the firm’s “turnaround plan” can now continue with the initial tranche of £1.5bn being provided in instalments over the coming months.
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Manhunt intensifies for suspect as victims are named
Police are searching for 45-year-old Michael Paul Brown, an army veteran suspected of killing four people in a shooting at The Owl Bar in Anaconda, Montana. Authorities have offered a $7,500 reward for information on his whereabouts as they widen their search area, with concerns for public safety due to his unstable mental state. Want More Context? 🔎
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