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Creditors of Thames Water submitted a rescue plan to Ofwat proposing £5.4bn of funding and investor write-offs of up to £12.5bn to prevent temporary nationalisation. The regulator must approve the proposed plan to avoid the company entering temporary state control. The FTSE 100 reached record highs even as the US government was in shutdown. A data-centre company called Firmi will debut on the London Stock Exchange as the first Nasdaq–LSE dual listing in decades. Elon Musk briefly surpassed a half-trillion-dollar net worth. Greggs raised prices again and David Beckham received £26m in dividends. The plan includes capital expenditure split into sections for infrastructure improvements.
Read at www.independent.co.uk
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