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Business News
One of Britain's top corporate troubleshooters is being lined up to spearhead a multibillion pound rescue of Thames Water after the company's preferred bidder walked away.
Sir Christopher Evans, the renowned British biotech entrepreneur, is close to landing $50m (£37m) in funding for a developer of a new portfolio of cancer treatments.
As an independent review sets out a vision for cleaning up the water industry, a real-world example of why the sector is in such deep trouble floats into view.
The Chinese owner of British Steel has hired a leading City law firm to explore the recovery of hundreds of millions of pounds it invested in the Scunthorpe-based company before the government seized control of its operations in April.
The investment giant lined up to rescue Thames Water abandoned its offer days after talks took place involving one of its co-founders and Downing Street officials.
The private equity firm that had been the frontrunner to lead a rescue of the UK's largest water provider - Thames Water - has pulled out.
"Interlocking failures" in the water sector across England and Wales can be fixed through fundamental reform in five key areas, according to a major interim report.
The chancellor and foreign secretary are threatening to take Roman Abramovich to court to seize the proceeds of his Chelsea FC sale.
A former BT Group chief is being lined up to steer an audio technology business used by many of the world's leading musicians through a £300m London flotation.
NatWest Group has picked a new head of its high street branch network in the lender's first significant appointment since ending its 17-year tenure in partial taxpayer ownership.
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