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...In a letter to the utilities’ chairs seen by the Financial Times, Ofwat boss Iain Coucher said the number of serious pollution incidents was “still too high” and “the pace of reduction not fast enough”....
...Glass Lewis has also urged investors to vote against Gilbert because of the board’s lack of gender diversity, noting that AssetCo is “one of the few remaining UK public companies with an all-male board”....
...Apple, Nestlé and Engie are among the thousands of tech, consumer goods companies and utilities to receive the SBTi seal of approval for their climate plans....
...2050 to maintain current levels of service....
...The City veteran agreed to oversee Britain’s biggest privatised water utility last July. Since then, fears over its financial health have reached feverish levels....
...Montague, an experienced City troubleshooter who previously chaired British Energy and was deputy chair of Network Rail, was parachuted in as chair of Thames Water and its parent, Kemble Water, in June last...
...Thames Water had £2.4bn of liquidity at the end of February; it can meet its commitments until at least May 2025. Regardless, the utility needs more equity....
...Many cities have found privatised water services lacking....
...Scotland and Northern Ireland remain in the state sector, and David Hall, visiting professor at the University of Greenwich, says globally about 90 per cent of water and sewage services are publicly owned...
...The board of Thames Water, Britain’s largest water company, was locked in crisis talks on Wednesday after shareholders refused to confirm they would provide about £3bn of fresh equity that is necessary for...
...The Financial Stability Board, which includes the world’s leading finance ministers, central bankers and regulators, said on Wednesday that after assessing a series of recent market panics, many funds and...
...Parts of South Africa’s largest city have been without running water for almost a fortnight, a reminder to voters of the parlous state of the country’s infrastructure just two months out from a general election...
...He added: “The board is confident in NRG’s strategic direction as a consumer energy and services company.”...
...Uncertainty around the wildfire liabilities prompted BHE’s auditor Deloitte & Touche to raise a so-called “critical audit matter” with the company’s board of directors, according to the annual report, reflecting...
...More than half of Thames Water’s debt is index-linked, according to rating agency S&P, burdening it with higher interest repayments as inflation soared over the past 18 months.The utility may also face large...
...widely dubbed “tent city”....
...It is just one of several regulations that financial services businesses with cross-Channel operations have been trying to navigate after Brexit....
...Thames Water’s chair Sir Adrian Montague said on Thursday that Weston was taking over at “a crucial period of delivering our refocused turnaround plan and providing the service that customers rightly expect...
...Brexit has already taken some of the shine off the City of London. And the Tories also raised the corporation tax rate from 19 per cent to 25 per cent, though it is still lower than some peer nations....
...The Crocus City Hall incident has echoes of Moscow’s Nord-Ost theatre siege in 2002, where more than 170 people died, and the 2004 seizure of a school in Beslan in which 334 people, including 186 children...
...What A two-bedroom, seventh-floor apartment with more than 1,500 sq ft of living space including two bathrooms, a dressing room and dedicated storage/utility area....
...Vanke, which is partly owned by the state-owned metro in the city of Shenzhen, became the focal point of the sector’s troubles in March after rating agency Moody’s, which estimated a severe decline in its...
...His appointment by Frasers raised eyebrows in the City of London, where the retailer was reportedly labelled “an embarrassment to UK corporate governance” by investor advisory group PIRC in 2019 following...
...One scoop to start: US hedge fund Elliott Management has been buying the bonds of troubled British utility company Thames Water, in a bet that markets have grown too pessimistic over the size of losses...
...The hearing comes amid growing government and parliamentary scrutiny over the financial stability of Thames Water, which supplies water and sewerage services to about 25 per cent of the population in England...
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