Category: 3bn
-
Thames Water risks running dry by spring 2025 without £3bn cash lifeline
•
Thames Water, Britain’s largest water supplier, has warned it will exhaust its cash reserves by March 2025 if it fails to get urgent court approval for a £3 billion financial rescue package. Without the deal, the debt-laden company may be forced into temporary nationalisation, adding further pressure on the UK’s…
-
HPE vows to pursue £3bn damages claim against Mike Lynch’s estate following tycoon’s death
•
Hewlett Packard Enterprise (HPE) has pledged to pursue a £3bn claim against the estate of Mike Lynch, the founder of British software company Autonomy, after his death aboard the luxury yacht Baysian off the coast of Sicily. The tech mogul and his 18-year-old daughter Hannah were among the seven victims…
-
Octopus Energy to Repay £3bn Taxpayer Support for Bulb Rescue
•
Octopus Energy has announced it will pay back almost the full cost of government subsidies for its acquisition of failed energy provider Bulb. The move ensures that taxpayers will get back almost the full amount of the bailout. Octopus acquired Bulb, which collapsed in 2021 due to unsustainable losses caused…
-
Dame Kate Bingham Celebrates ‘Astonishing’ $3bn Deal for EyeBio
•
In a landmark deal for the biotech industry, US pharmaceutical giant Merck, known as MSD in the UK, has acquired EyeBio, a London-based startup co-founded by Dame Kate Bingham, for up to $3bn (£2.36bn). . . This acquisition is expected to revolutionize blindness treatments. Merck has committed to making an…