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...That’s the share price of Swiss chocolatier Barry Callebaut, which looks a lot like a company that is seeing the price of its key ingredient skyrocket....
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...The country’s benchmark Kospi climbed 1.6 per cent, with Histeel — a steel pipe manufacturing company — leading gains....
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...In the background, the pipes and plumbing that make this possible have grown increasingly complicated and fragmented....
...to invest in pipe and sewage networks....
...The requirement for water companies to install event duration monitors since 2015 has transformed public awareness of sewage discharges and sparked the biggest outcry against the water companies since they...
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...An additional issue is that some pipes are made of asbestos and lead, which should be replaced....
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...Such private investments in public equity — or PIPE — deals are relatively common in the US, offering private equity houses a downside-protected route into a company’s share capital....
...Entire regional monopolies, and their pipe and sewage networks, were transferred to private companies 35 years ago, during Margaret Thatcher’s government....
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...The UK water industry has little obvious in common with the banking sector — unless you count lame jokes about liquidity problems caused by leaky pipes and the toxic assets otherwise known as sewage spills...
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...Professor Melissa Tyler, whose research at the UK’s Essex university focuses on gender and work, said: “This is absolutely an attack on academic freedom and integrity . . ....
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