recapitalisation

Coronation Merchant Bank has appointed Obeahon Ohiwerei as Managing Director and Chief Executive Officer. The appointment follows the bank's successful recapitalisation, strengthened governance, continued digital transformation, and focus on delivering long-term value for clients and shareholders.

Thames Water warns that it can survive for 12 months but cautions liquidity may fall short before recapitalisation. The utility highlights potential financial challenges in its long-term outlook.