Hints and tips:
Related Special Reports
...However, new rules introduced by Ofwat last year prevent the payment of dividends from the operating company if they put the company’s financial resilience at risk or if a utility underperforms on social...
...Last year, it made its first profits in more than two decades....
...Richemont has so far booked €1.8bn in non-cash writedowns on the business and the division made a loss of €128mn in the first half of Richemont’s current financial year....
...Vitamin Well had annual revenues of roughly €500mn in the 2023 financial year, according to a person familiar with its performance....
...Thames Water, for example, had received no new equity since privatisation until it received £500mn in the form of a loan bearing 8 per cent interest from parent company Kemble....
...Moody’s is to leave its office in Canary Wharf in favour of new premises in the City, making it the latest high-profile financial tenant to abandon London’s Docklands for the Square Mile....
...TMTG became a publicly listed company after merging with a cash-rich Spac called Digital World Acquisition Corp, several of whose founders have taken legal action....
...Thames Water — which supplies 16mn people in London and the surrounding area, or about a quarter of the population of England and Wales — has suffered a sharp drop in its bond prices after its parent company...
...Thames Water’s parent company has sent a formal notice to bondholders informing them that it has defaulted on its debt, firing the starting gun on a potentially messy restructuring at the owner of Britain...
...The world’s largest private equity group expects a rebound in dealmaking as financial markets loosen after two years of muted initial public offering and takeover activity caused by rising interest rates...
...The degree of concentration is in reality even higher still as the top 10 includes two separate share classes of Alphabet, the parent of Google, alongside five of the other so-called Magnificent Seven stocks...
...Margherita now says she is entitled to a stake in Dicembre, Exor’s parent company, based on her allegedly unlawful exclusion from her mother’s will....
...deals (FT) Abrdn chief rules out breaking up asset manager (FT) Financial Times launches venture arm, invests in Charter (Axios)...
...(zoomable version) Fund managers have also turned net positive on corporate profit growth for the first time in over a year....
...The letter of interest, which was first reported by Sky News, comes a year after the collapse of EY’s plan to split its accounting and advisory arms....
...The wild swings were widely attributed to iShares’ parent, BlackRock, rebalancing some of its 150-plus model portfolios....
...Perhaps unsurprisingly, the fate of a water utility stirs up greater emotion than more typical investment targets for financial investors such as niche software companies....
...However, at the level of consolidated earnings before interest, taxes, depreciation and amortisation, News UK contributed a profit to parent company, the US-listed News Corp, for 2023....
...[and] it would be vastly better from a financial stability standpoint and a market standpoint, and an equity fairness standpoint to be able to manage an orderly failure of one of these firms.”...
...The average millennial still has zero housing wealth at a point where the average boomer had been building equity in their first home for several years....
...But the company itself is bulking up through the financial equivalent of complex carbs....
...The former US president faces a pile-up of legal and financial woes ahead of what is expected to be the most expensive presidential election campaign in US history....
...Distressed exchanges have soared in popularity as a way for shareholders to preserve their equity and forestall bankruptcy....
...Cracks show in Thames Water’s financial plumbing The supposedly bulletproof capital structure used to finance Thames Water isn’t looking so solid.The finances backing the UK’s largest water utility and...
...The New York-based firm raised a $12.7bn fund in 2021 and has built stakes in TikTok parent company ByteDance, fast-fashion company Shein and payments company Stripe....
International Edition