Politics
Incoming UK PM Burnham’s battle with Wall Street over Thames Water risks a GBP 20bln bill, reports The Telegraph
StockNow breaking-news AI analysis
PM Burnham faces a GBP 20bn bill to nationalize Thames Water, as hedge funds holding GBP 17bn in debt threaten long-term litigation unless full compensation or a compromise is reached.
News detail
If he attempts to nationalise Thames Water, industry sources warn that he risks a significant backlash from hedge funds that have spent the last two years trying to seize control of it.
What do investors think?
Curious what other investors think?Log in to see reactions and join the conversation.
Log in to view reactionsStockNow uses AI to translate and analyze information and does not guarantee its accuracy or completeness.