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...The update comes as fears grow over the financial stability of Thames Water, which is owned by private equity firms, pension funds and sovereign wealth funds....
...The £18bn company is listed on the Shanghai Stock Exchange, with 51.48 per cent of its shares owned by the Nari Group, according to Bloomberg....
...As the electricity crisis fades, another — the provision of water, also undermined by decaying infrastructure — is looming into view....
...Most big, quoted businesses have a master holding company whose results give a clear picture of finances. Public utilities should mirror that structure, even if they are private....
...Kemble Water Finance purchased £500m of shares in Thames Water Limited and Thames Water Limited purchased £500m of shares in Thames Water Utilities Holdings....
...Kemble Water Finance then purchased £500mn of shares in Thames Water Limited and Thames Water Limited purchased £500mn of shares in Thames Water Utilities Holdings....
...Separately, Lex this week looked at the woes of Princeton University’s endowment in private equity, with its chief calling this the “worst environment ever” for private markets in terms of liquidity....
...Thames Water meanwhile pays dividends that service debts of parent companies. In October, it gave £37.5mn to its immediate parent, Thames Water Utilities Holdings Limited....
...Auditors PwC has warned there is “material uncertainty” as to whether Thames Water’s parent company, Kemble Water Finance Limited, can continue as a going concern as it is yet to agree a refinancing deal...
...Less than a quarter of airline emissions were caught last year by the schemes, which require companies to buy allowances to cover the carbon dioxide they give off....
...“Mexico doesn’t have the luxury of not seeing the state accompanied by the many companies that have money and want to invest it.” Sheinbaum’s team did not respond to a request for comment....
...The Democratic Republic of Congo, a cobalt powerhouse, is reviewing the contracts of all producers to negotiate a fairer share of revenues for the country....
...Litigation funding — the provision of third-party legal funding by companies, hedge funds and private equity groups in return for a cut of the winnings — has been rapidly growing....
...The company is now targeting a 15-20 per cent drop in carbon intensity by 2030....
...At its peak in 2021, the stock was worth nearly $108 per share and the company boasted a market capitalisation of $9.4bn....
...Ørsted’s share price — while still less than a third of the peak it hit in early 2021 — has risen 52 per cent from its nadir at the start of last November....
...Software company Adobe, whose shares had jumped nearly 90 per cent since the start of the year, was the latest to disappoint, with a revenue forecast for 2024 that fell short of Wall Street’s hopes....
...GIP’s prime assets include Sydney and London Gatwick airports, the Port of Melbourne and the Suez water group, extensive green energy holdings and a stake in a big shale oil pipeline....
...In an industrial park in south Wales, start-up Protium uses renewable electricity to power a small electrolysis plant it opened earlier this year to extract hydrogen from water, producing up to 35kg of the...
...While he is pleased overall with his decision, he believes the benefits of solar panels are limited unless they are paired with a battery, a smart tariff system and realistic aims....
...losing the triple A rating) and do better at mobilising private money....
...“There are still many companies that do not insure the cargo for war risk until their ships cross into Ukrainian waters and take the risk due to the current high costs of insurance.”...
...Vietnam dangles chip incentives to draw foreign companies Thailand and Cambodia agree to talks on disputed, energy-rich waters...
...The impact in terms of preserving jobs and tax receipts, and displacing “dirtier” imports of liquefied natural gas, is likely to be limited....
...Companies buy companies when they’re expensive, not when they’re cheap. That’s been the rule of M&A since forever, though in the past couple of years the trend has broken down a bit....
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