Day: May 18, 2024

UK News: Writedown by Canadian pension fund Omers highlights growing financial crisis at utilities firm

Thames Water’s biggest investor has slashed the value of its stake in the company to zero in the latest sign of an escalating financial crisis for Britain’s biggest water supplier.

The Canadian pension fund Omers issued a “full writedown” of its 31.7% stake in Thames’s troubled parent company in its annual report published on Friday, signalling that it believes its share is worth nothing. Continue reading…
http://dlvr.it/T74BtC

South West Water identifies ‘damaged valve’ as possible cause of cryptosporidium contamination in Brixham area

Health officials are expecting more cases of a waterborne disease in Devon, as an MP said “heads are going to roll” over the outbreak and that the anger among residents was “palpable”.

The UK Health Security Agency (UKHSA) has confirmed 46 cases of cryptosporidium infection in the Brixham area, while more than 100 other people have reported symptoms, including diarrhoea, stomach pains and dehydration. Continue reading…
http://dlvr.it/T74BVY