Thames Water warns it will run out of cash within a year

Thames Water warns it will run out of cash within a year

Thames Water has warned it risks running out of cash in less than a year as it unveiled urgent plans to find new funding. Britain’s biggest water supplier said on Tuesday it was seeking a fresh equity injection as it posted a jump in its debt pile. It came as Thames Water increased dividend payments to £196m, up from £45m a year ago, to cover the cost of debt interest payments. Shareholders did not receive the dividends, the group said. …