The UK regulator Ofwat has opened an enforcement case into Thames Water to investigate whether its delayed delivery of environmental clean-ups means that the company has breached its obligations.
Today’s report is getting a decent amount of attention, in part because last January’s report saw a strong upside surprise, so the fear is we could get another new year uptick that upsets market expectations for the Fed to still cut [interest rates this year.
Therefore, we have launched an investigation to understand whether the delayed delivery of environmental schemes means that Thames Water has breached its obligations.
Ofwat to investigate Thames Water over environmental clean-up delays – business live Rachel Reeves to meet bank bosses in government’s growth agenda.
A set of softer-than-expected inflation numbers could help sooth inflation worries and encourage a deeper retreat in the US dollar and a further advance across the major peers.
