Thames Water creditors secure Labour's Hutton to drive rescue deal

Stricken UK water supplier lines up John Hutton as independent chair designate if takeover goes ahead The group of Thames Water creditors pursuing a £10bn rescue deal for Britain’s largest water supplier has lined up a former senior Labour minister to chair the company, as it…

The consortium of Thames Water creditors looking to rescue Britain's largest supplier of its kind has appointed a former senior Labour minister in a bid to help get a deal past government opposition.