{"id":338628,"date":"2025-08-12T14:13:11","date_gmt":"2025-08-12T14:13:11","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/338628\/"},"modified":"2025-08-12T14:13:11","modified_gmt":"2025-08-12T14:13:11","slug":"u-k-appoints-adviser-for-potential-thames-water-collapse-source-says","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/338628\/","title":{"rendered":"U.K. appoints adviser for potential Thames Water collapse, source says"},"content":{"rendered":"

Open this photo in gallery:<\/a><\/p>\n

Thames Water is battling to avoid nationalization by securing 5-billion pounds of finance from its senior bondholders.Mina Kim\/Reuters<\/p>\n

Britain has appointed FTI Consulting to advise on contingency plans for Thames Water to be placed into a special administration regime were the country\u2019s largest water utility to collapse, a government source said.<\/p>\n

The heavily indebted and loss-making company is battling to avoid nationalization by securing 5-billion pounds ($6.7 billion) of finance from its senior bondholders.<\/p>\n

Thames, which said in July it had enough funds to continue operating for 12 months, needs a reset of regulations for the deal to go ahead.<\/p>\n

Thames Water faces ire of U.K. parliamentary committee as restructuring efforts flounder<\/a><\/p>\n

The government said it would always act in the national interest.<\/p>\n

\u201cThe company remains financially stable, but we have stepped up preparations and stand ready for all eventualities, including applying for a Special Administration Regime if that were to become necessary,\u201d a government spokesperson said in an e-mailed statement.<\/p>\n

FTI\u2019s appointment was first reported by Sky News.<\/p>\n","protected":false},"excerpt":{"rendered":"Open this photo in gallery: Thames Water is battling to avoid nationalization by securing 5-billion pounds of finance…\n","protected":false},"author":2,"featured_media":338629,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,4],"tags":[6934,6925,6935,1500,6918,748,6936,943,6917,6930,6931,6927,6919,6916,1700,2266,393,728,6929,6923,6946,6920,6921,1234,4884,6926,388,3611,6607,603,6941,6942,1144,6944,6939,6943,6937,6940,6922,6932,6933,285,3027,6938,712,6924,53,183,6928,16,15,727,1764,263,6945],"class_list":{"0":"post-338628","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-uk","8":"category-united-kingdom","9":"tag-alberta","10":"tag-arts-news","11":"tag-bc","12":"tag-breaking-news","13":"tag-breaking-news-video","14":"tag-britain","15":"tag-british-columbia","16":"tag-canada","17":"tag-canada-news","18":"tag-canada-sports","19":"tag-canada-sports-news","20":"tag-canada-trafficcanada-weather","21":"tag-canadian-breaking-news","22":"tag-canadian-news","23":"tag-economy","24":"tag-education","25":"tag-england","26":"tag-environment","27":"tag-federal-government","28":"tag-foreign-news","29":"tag-globe-and-mail","30":"tag-globe-and-mail-breaking-news","31":"tag-globe-and-mail-canada-news","32":"tag-government","33":"tag-great-britain","34":"tag-life-news","35":"tag-lifestyle","36":"tag-local-news","37":"tag-manitoba","38":"tag-national-news","39":"tag-new-brunswick","40":"tag-newfoundland-and-labrador","41":"tag-northern-ireland","42":"tag-northwest-territories","43":"tag-nova-scotia","44":"tag-nunavut","45":"tag-ontario","46":"tag-pei","47":"tag-photos","48":"tag-political-news","49":"tag-political-opinion","50":"tag-politics","51":"tag-politics-news","52":"tag-quebec","53":"tag-scotland","54":"tag-sports-news","55":"tag-technology","56":"tag-travel","57":"tag-trudeau","58":"tag-uk","59":"tag-united-kingdom","60":"tag-us-news","61":"tag-wales","62":"tag-world-news","63":"tag-yukon"},"share_on_mastodon":{"url":"","error":"Validation failed: Text character limit of 500 exceeded"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/338628","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=338628"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/338628\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/338629"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=338628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=338628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=338628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}