Thames Water Profits Soar, Prada Seals Versace Takeover and HSBC Names New Chair: The Big Business Stories of 3 December 2025
Thames Water reported a half-year profit of £414m after raising customer bills by 31%, but warned it could face quasi-nationalisation amid rising debt. Prada completed its $1.4bn takeover of Versace. HSBC named Brendan Nelson as permanent Group Chair. Airbus cut its 2025 delivery target by 30 jets. Jaguar Land Rover ousted design chief Gerry McGovern.