Bloomberg Business

Thames Water Investors Pump in £750 Million of Crisis Funds

Investors in troubled UK utility Thames Water Ltd. have agreed to put in an extra £750 million ($960.4 million) of equity funding to help stave off a temporary takeover by the government with more money needed down the line.

BT CEO Philip Jansen to Step Down in Next 12 Months

BT Group Plc is searching for a new chief executive officer after Philip Jansen told the board he’d step down from Britain’s former state telecom company in the next 12 months.

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