Bondholders are suddenly showing flexibility after 18 wasted months at ailing utility company Thames Water investors offer ‘golden share’ in bid to head off nationalisation What a difference a credible political threat of special administration at Thames Water can make. Suddenly, the bondholders...
Source: [Guardian Politics](https://www.theguardian.com/business/nils-pratley-on-finance/2026/jul/21/burnham-has-forced-greater-clarity-at-thames-water-now-he-must-choose)