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...These could be via the participation of the same hedge funds in both US Treasury and gilt markets, and also more indirectly via disruption to the systemically important US Treasury market. 70x leverage!...
...US-based Federated Hermes is looking to sell a 4.6 per cent stake, the people said. It currently owns 13 per cent of Cadent....
...British costs are similar to those in the US, however, and below those of Australia....
...These include an external project manager, the US contractor Jacobs, which works alongside other consultants — Turner and Townsend, Cowi and Arcadis, who also manage the overall scheme....
...“In terms of what we knew, every year they [Thames] provide their financial returns to us, they did that on July 15, which is about the same time I appeared at [the] committee,” Black said....
...“They may lip-service it, but it’s always seen as employees versus us.”...
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