Emeritus Prof Christopher May on Nostr: So given the choice between doing the right thing, and helping fund the reversal of ...

So given the choice between doing the right thing, and helping fund the reversal of the dire situation #ThamesWater has got itself & its customer into, or taking a (in aggregate) £5bn (estimated) loss on the investment, it seems TW's shareholders are prepared to walk away.

If you wanted a measure of how much they've already managed to drain (no pun intended) out of the business this would be it; you can only afford that sort of capital loss if the asset has been earning well for years!

h/t FT