It’s been a week of high drama on the pitch in Germany and on, and even around, the Wimbledon tennis courts. You could be forgiven if your focus hasn’t solely been on the distressed market.

Coming into this week, we expected to hear more on Thames Water, as UK water regulator Ofwat was due to publish preliminary determinations on how much water companies could raise prices by on Thursday (11 July), which had the potential to unlock much needed investment in the sector. But there’s also been some surprising (though not entirely unexpected) news around Peach Property Group and OQ Chemicals, and somewhat predictable news around Intrum.