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Headlines
Bidder Offers New Thames Water Rescue with £1 Billion Injection
A bidder for Thames Water has returned with an improved offer in an attempt to break the impasse between the crisis-hit utility’s £20 billion debtholders and the industry regulator over how to prevent it falling into insolvency,…
France to Sue British Buyout Firm for ‘Short Changing’ Failed Steelmaker
he French government is preparing to sue a British private equity firm over claims it short-changed a failed local steelmaker, The Telegraph reported. Roland Lescure, the French finance minister, said the government would be “…
Learners Lose £164k as Driving School Shuts Down
Hundreds of learner drivers have been left more than £164,000 out of pocket after a driving school closed down and are "unlikely" to get their money back, an insolvency firm has said, BBC.com reported. NxtGen Driving Academy,…