Representatives of Thames Water's multinational syndicate of shareholders are poised to quit as directors of its corporate entities after refusing to inject the billions of pounds of funding required to bail it out. Sky News has learnt that a number of board members at companies connected to Kemble Water Finance, Thames's parent, are expected to resign in the coming days.
Money latest:Rainy day for iconic British brand as profits suffer Thames Water is owned by a group of sovereign wealth funds and pension funds from countries including Abu Dhabi, Australia, Britain, Canada and China. A number of the investors are represented on boards which sit at various points in the group's labyrinthine capital structure.
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