The fundamental question at Thames Water, beyond its Byzantine ownership structure, its equity/not equity fund-raising and its performance failure on almost every measure, is: are the shares in the underlying business worth anything at all?
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Thames Water is running out of excuses
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The fundamental question at Thames Water, beyond its Byzantine ownership structure, its equity/not equity fund-raising and its performance failure on almost every measure, is: are the shares in the underlying business worth anything at all?