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...The UK used national security powers to intervene in eight deals involving Chinese-linked investment in British companies in the 12 months to March 2023....
...Labour has, however, promised to give Ofwat powers to block the payment of any bonuses until water bosses have “cleaned up their filth”, the party said, adding that executives who oversaw repeated law-breaking...
...We have new powers to take enforcement action against companies that break the rules.” Thames Water was formerly owned by funds managed by Macquarie and other shareholders between 2007 and 2017....
...Harper said that at Battersea Power Station the government had “levered in £9bn of private capital”, extended the Northern tube line and “delivered a new underground station by the private sector”....
...England’s drinking water watchdog is seeking fresh powers to directly impose fines on water companies as public concern grows over the maintenance and inspection of crucial infrastructure....
...From 2025, the watchdog will have powers to prevent regulated water companies from paying dividends if their credit rating falls below a certain level, or they fail to meet financial strength tests or performance...
...Companies are hoping to find multiple ways to make desalination more efficient without boosting carbon emissions....
...most risky of the regulated utilities but nearly two-thirds of investors also said they believed that the sector’s poor performance could affect investor appetite for other infrastructure such as gas and power...
...By contrast the emergency overflow pipes are meant to operate only in urgent circumstances such as power outages and failures that are not “due to the act or default of the water company”, the EA said....
...Gill is absolutely spot on. Water companies cannot voluntarily go into liquidation....
...The regulator’s apparent refusal to give in represents a political problem for whichever party is in power if Thames Water finally collapses....
...A further 7,000 emergency pipes, which are designed to be used in the case of a power outage, for example, are still to have monitors installed, starting from next year....
...But with Labour pledging tight fiscal discipline, investors are expecting the party to take a more reformist approach if it comes to power....
...The high-pressure pipelines in the transmission network carry gas from the North Sea and import terminals over long distances to large power stations and factories, as well as to regional distribution networks...
...The act gives Ofcom substantial powers to enforce hefty fines and criminal liability for tech companies that fail to protect under-18s....
...London Sadiq Khan and chaired by Emma Howard Boyd, the former chair of the Environment Agency, issued a series of “urgent recommendations”, including that Whitehall should give councils more funding and powers...
...Thousands of households served by Thames Water in Surrey were left without supplies in November after a power failure at a sewage treatment plant triggered by Storm Ciarán....
...Weston, a former executive at power supply firm Aggreko and at British Gas, has to convince investors nursing multimillion-pound losses that he has the management expertise and vision to put the water monopoly...
...The boss of one UK business with more than 15,000 employees told the FT his company had given its entire staff private medical cover, in response to the pressures on state healthcare....
...The transport companies were so busy moving art, they ran out of trucks.” If Germany wants this art back, “the law should be scrapped,” says Blau....
...Meanwhile, West Virginia is co-leading 10 red states in litigation against the Securities and Exchange Commission, the US’s securities regulator, over rules that would require companies to disclose some...
...The Hilton and other nearby hotels were heaving, with elevators packed to the gills and every table and chair claimed for rounds of speed dating with potential financial partners....
...Thames Water has appointed Chris Weston, former head of power supplier Aggreko, as its chief executive, as the UK’s biggest water company faces scrutiny over its financial health and probes into its treatment...
Government commission recommends focus on installing and subsidising heat pumps instead
...Sir Keir Starmer has said that if Labour wins power it will honour existing licences, but he has ruled out granting any new ones....
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