Rival Thames Water bondholders to table £3bn rescue plan

A second group of Thames Water lenders is said to be submitting a fully funded £3 billion financing package that it will argue is cheaper and more certain than a rival offer endorsed by the company. More from Sky News.

Meanwhile, US investment group KKR is reportedly in talks with Thames Water and its advisers about participating in a £3 billion share sale which would form part of a wider recapitalisation plan. More from Reuters.