Thames Water future in doubt as big investor pulls out of rescue deal

THAMES Water’s future hangs in the balance after a major investor pulled out of a rescue deal.

The troubled water firm, which services around 16million customers, said US private equity giant KKR no longer plans to invest.

AlamyThe future of heavily indebted Thames Water hangs in the balance[/caption]

It is now in talks with creditors, who it owes money to, for an alternative to stabilise its finances, with the firm in billions of pounds’ worth of debt.

It will...