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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Man charged with assaulting police following crash
A man is facing multiple charges, including assaulting police, after a serious car crash in Cockle Bay, East Auckland on March 16. The crash involved two vehicles, with one driver fleeing the scene but later located by police. The 27-year-old man will appear in court on March 21 for charges including resisting police, dangerous driving, and possession of cannabis utensils. Full Article
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