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Thames Water profits surge on higher bills, Prada buys Versace for $1.4bn – business live
- Thames Water reports a half-year pre-tax profit of £386 million, signaling a positive turn in earnings.
- Company cautions that going-concern status remains vulnerable amid debt and funding pressures.
- Prada completes its acquisition of Versace for about $1.4 billion, expanding its luxury portfolio.
- Prada’s Versace deal follows Donatella Versace's leadership changes and Capri Holdings’ prior involvement.
- Airbus trims its annual delivery target amid a wider set of fuselage panel issues.
- HSBC appoints Brendan Nelson as chair after a lengthy search.
- Thames Water outlines investment as part of a decade-long infrastructure upgrade plan.
- Thames Water links profit to regulated price rises amid ongoing environmental challenges.
- Company reports rising customer bills and more households on social tariffs amid difficulty.
- The report links broader market signals, including HSBC leadership changes and Airbus issues, to the business outlook.
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