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...A group of Thames Water bondholders has demanded an emergency meeting with the troubled utility’s management, seeking clarity on the situation at the UK’s biggest water supplier after its parent company...
...Smith & Nephew had given a “compelling rationale” for paying more to its US-based leaders, Glass Lewis said....
...Two Chinese state-owned banks hold a crucial role in the future of Thames Water, as part of a group of lenders involved in a stand-off over debt at the parent company of Britain’s largest water utility....
...start to unravel,” said Ash Smith, of Windrush Against Sewage Pollution campaign....
...Pay has been a source of antagonism for Smith & Nephew. In October 2019, Namal Nawana quit after 18 months as chief executive because the company would not meet his pay demands....
...“We also need to see companies deliver the performance that customers expect and that they are run in a way that meets customers’ expectations.” Additional reporting by Robert Smith in London...
...On that basis, its $18.25bn acquisition of speciality building products supplier SRS Distribution, including debt, offers good news and bad....
...Thames Water, the government and Ofwat are now rushing to find a solution....
...Thames Water’s customers will have paid more than half a billion pounds in addition to their water bills once a new 25km sewage tunnel under London’s river Thames is operational next year, a project they...
...Government contingency plans for a potential nationalisation of Thames Water, which has become a focus for public anger over sewage pollution and mistrust of England’s privatised water system, emerged last...
...A month before OpenAI finished training its most advanced model, GPT-4, a data centre cluster in West Des Moines, Iowa, consumed 6 per cent of the district’s water, according to a lawsuit filed by its residents...
...Thames Water’s WBS debt is a legacy of its 2006 buyout by Macquarie....
...Home Depot has struck one of its biggest-ever deals to acquire speciality building products supplier SRS Distribution in a move that could boost its faster-growing professional services business....
...He was unveiled last week as the next boss of Envista, a New York-listed dental products manufacturer, with a market capitalisation of $3.4bn — about half of Smiths’ valuation....
...Orla O’Loughlin — former boss of the Traverse Theatre — takes things in a totally different direction from Laurie Sansom, who staged the first four instalments....
...You could also test the water with an affordable merino wool V-neck from Uniqlo....
...Thames Water and Kemble did not immediately respond to requests for comment. Additional reporting by Robert Smith...
...Caledonian Road, the Scottish novelist and journalist Andrew O’Hagan’s seventh novel — a Dickensian doorstopper laced with the kind of satire we might more readily associate with Thackeray’s Vanity Fair...
...By April 5, Thames Water’s parent group said it had defaulted on payments on a £400mn bond....
...On Friday, one of the holding companies that owns Thames Water said interest payments that were due this week on a £400mn bond “have not been paid”, and issued a “formal notice of default”....
...Solutions could involve a debt-for-equity swap that would wipe out Thames Water’s current shareholders, a slide into special administration that would see external administrators seek new investors, or a...
...Macquarie, the former owner of Thames Water criticised for loading the utility with debt, is a lender to its stricken parent company....
...concern over Big Tech’s water consumption State the volume of water withdrawals that academics suggest AI demand will require Explain why your use of a generative AI platform has a water footprint “We...
...A Mondi/DS Smith combination would be too big for a subsequent deal. DS Smith shareholders should be wary of a suitor willing to overpay simply to stay in the game. andrew.whiffin@ft.com...
Higher prices for smaller products are hitting economies and consumers across the world
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