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...The company was set up to develop the site by South Tees Development Corporation, which retained a 10 per cent ownership after the share transfer to entities controlled by Chris Musgrave and Martin Corney...
...The MPs said the watchdog’s probe should be extended to the development corporation and combined authority overseeing the scheme locally, both of which are chaired by Houchen....
...She is the former chief executive of the Aerospace Corporation. Apple also said that Al Gore and James Bell would retire from the board this year....
...Meanwhile, the corporation itself was taking on significant liabilities. The STDC has borrowed £257mn and may borrow £238mn more....
...PDT, owned by Canadian asset manager Brookfield, had accused the corporation of seeking to reduce the value of its business through the action, a claim the STDC denied....
...Last year, Saudi Arabia’s Saline Water Conversion Corporation launched a $10mn global prize for Innovation in Desalination....
...In 2021, the South Tees Development Corporation, the public authority chaired by Houchen, gave the developers 90 per cent ownership of the Teesworks development vehicle for no cash consideration....
...As part of efforts to cut costs, the government stripped HS2 of responsibility last year for rebuilding London’s HS2 terminus at Euston and paused work on the station while it set up a development corporation...
...In November 2021, a further 40 per cent of the company’s shares owned by the public body — the South Tees Development Corporation — were transferred to the developers for zero cash consideration....
...Sir Jim Ratcliffe finally announced his deal to buy into Manchester United on Christmas Eve. Now the hard part begins....
...The International Finance Corporation, the private sector-focused arm of the World Bank Group, and US-based asset manager T Rowe Price are collaborating on a new fund to invest in blue bonds issued by companies...
...Sunak said the Euston Development Corporation will be set up along the lines of the London Docklands Development Corporation established by Margaret Thatcher’s government in the 1980s....
...The claims pending against the company include a lawsuit brought by another voting-machine maker, shareholders incensed by an alleged culture of impunity, and a former US Marine who says Fox broadcasts have...
...Since then relations have soured and in 2021, the development corporation launched legal action against the port over access rights....
...Unless the cap row was fixed quickly, Dublin risked losing out to Manchester, Edinburgh, London Gatwick and big hubs in mainland Europe, Jacobs said. “That’s what’s at stake here . . ....
...In return, Gabon has promised to spend at least $125mn on sustainable fisheries and marine management....
...In fact, for scrapping the Birmingham to Manchester leg of the high-speed rail line, the prime minister took more flak than his predecessors had for overseeing the astronomical cost overrun of the project...
...The decision to tell the story almost entirely from Savile’s perspective — from his days as a club DJ in 1960s Manchester to his BBC heyday, to his final years — will probably prove more divisive....
...Executives from the £1.3tn sector attending a conference in Manchester on Wednesday said funds looking to support the government’s growth agenda amid high pressure on public finances were encountering myriad...
...IFM, which has about $140bn in assets, owns 35.5 per cent of Manchester Airports Group, which also owns London Stansted and East Midlands airports....
...The former prime minister, whose tax-cutting policies disastrously fell apart in the September 2022 “mini” Budget, will demand a cut in corporation tax from 25 per cent to 19 per cent....
...On Monday, Truss urged Sunak to shrink the state and tear up planning rules to bolster development, alongside her central demand for the government to cut corporation tax to 19 per cent in the Autumn Statement...
...The centuries-old market has been at the heart of the marine insurance sector since its inception....
...Portugal is an important target market as the Premier League club’s owners look to emulate the network model favoured by Manchester City....
...It also partnered with Shell and China National Offshore Oil Corporation to secure exploration blocks in Brazil in December....
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