Thames Water board locked in crisis talks about £3bn funding plan

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The board of Thames Water, Britain’s largest water company, was locked in crisis talks on Wednesday after shareholders refused to confirm they would provide about £3bn of fresh equity that …

Read more

Thames Water shareholders refuse to inject new funds

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Thames Water said its shareholders will no longer provide £500mn of fresh equity by the end of the month over fears that conditions imposed by the industry regulator make the …

Read more

JD Sports’ January sales fall in ‘challenging’ market

LONDON (Reuters) -British sportswear retailer JD (NASDAQ:) Sports said trading conditions remained challenging after its like-for-like sales dropped in January, resulting in fourth-quarter growth of just 0.1%. The retailer, which sells Nike (NYSE:), Adidas (OTC:) and other sports fashion ranges, said its pretax profit for the year to Feb. 4 …

Read more

Mazda CX-60: Owners offered free suspension fix

Complaining of a stiff ride in your Mazda CX-60? Well, the Japanese brand is offering you the chance to have the suspension in your SUV upgraded, free of charge. Mazda Australia has confirmed with CarExpert the company has made a running change at a factory level, with “a revised rear …

Read more

Military briefing: Ukraine digs deep as Russians advance

If you want to live, dig, goes the adage by which Ukrainian soldiers have lived since Russia’s all-out invasion two years ago. The deeper their trenches, the better protected they are from exploding shrapnel and snipers’ bullets. “It’s still true,” said Yevhen, a soldier on the eastern front. “But now, …

Read more

Why good news for Japan may be bad news for hedge funds

Stay informed with free updates Simply sign up to the Japanese business & finance myFT Digest — delivered directly to your inbox. When the Tokyo stock market closed on Wednesday afternoon, the sun was shining, a weekend of cherry blossoms lay in prospect and the once leaden-footed Topix index — …

Read more

web web web web web web web web web web web web web web web web web web web web web web web web web web web web web web web