A group of institutional investors holding £17bn of Thames Water debt is bolstering legal support amid speculation about a special administration regime. The consortium maintains its goal is a solvent restructuring while preparing for potential government involvement.

A consortium of creditors is preparing for legal action to challenge a potential government takeover of Thames Water, as they push their own £10bn rescue plan.

The UK government has formally brought British Steel into public ownership to secure national supply chains and industrial capacity. China has expressed strong dissatisfaction with the move, citing concerns over investor protections.

The UK government has taken the Scunthorpe steelworks into public ownership to protect jobs and domestic supply chains, prompting a rebuke from Beijing.

The UK government has officially transitioned British Steel into public ownership to protect the nation's last virgin steel facility and secure essential infrastructure supply chains.