UK rebuffs Thames Water creditor demands as administration looms

The UK environment secretary has “stepped up” preparations to plunge Thames Water into special administration as he signalled he would reject demands from the ailing company’s creditors to exempt it from key environmental laws. More from the Financial Times (subscription required).

Meanwhile, Liberal Democrat MP Charlie Maynard has indicated he will take the case against Thames Water’s restructuring to the Supreme Court. More from City AM.