Thames Water creditors to vote on emergency £2.4bn loan as cash runs low

• A consortium of Thames Water creditors, called London & Valley Water, votes on Thursday on an emergency £2.4bn loan that would take its funding facility to £5.4bn. • The company's class A creditors, which include BlackRock, Elliott Management and Silver Point Capital, granted a £3bn loan at 9.75% interest last year. • Analysis by campaign group We Own It found the new loan, if granted on the same terms and added to bills, would cost £40 per household in interest alone. • Some Labour MPs and Lib Dem MP Charlie Maynard want the utility put into special administration, while Andy Burnham...