Thames Water creditor backs plan to break up business

A leading bondholder in Thames Water has backed plans to break up the business as it races to stave off collapse, while the company’s bosses are also reportedly weighing a possible debt raise as it hunts for new cash to secure its future. More from The Telegraph.

Meanwhile, a development company that sells off land no longer needed by Thames Water has paid out a £14m dividend despite warnings it could become engulfed by the group’s financial woes. More from The Guardian.