Trophy asset

Appropriately, Macquarie Bank’s £8bn deal to buy Thames Water coincided with a report suggesting the UK needs to invest in recycling sewage to provide drinking water. The study by the Institution of Civil Engineers highlights the huge challenges facing the UK water industry, particularly in the Thames Water’s core franchise area in the South East. The region faces requires enormous investment in new reservoirs, desalination plants and new pipes to reduce leaks. Given Thames’s lamentable recent r...