Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Thames Water has received preliminary equity bids from parties that include one of the US’s biggest ...

But the water industry does not seem to operate in such a market. When a firm gets into difficulty, as Thames Water has done, it seeks to put up prices or expects the Government to bail it out.

Thames Water has picked US private equity giant KKR as its "preferred partner" to buy the troubled water utility firm. The planned investment by KKR would help it deal with its mountain of debt ...