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...Royal Mail owner International Distributions Services has rejected a £4.5bn takeover approach by Czech billionaire Daniel Křetínský’s investment group, calling the timing of the bid “opportunistic”....
...The owners of Thames Water lent the £500mn that the utility later presented as “new equity funding”, in a move that will raise further concerns over the financial stability of Britain’s largest provider...
...The lenders, which have so far refused to extend the loan without an injection of fresh equity from Thames Water’s owners, are Chinese state-owned Bank of China and Industrial and Commercial Bank of China...
The Czech billionaire has a month to make a formal bid after his £4.5bn indicative offer was rejected
...What the ship owners wanted was retrofittable solutions, Gilpin said....
...Macquarie, the former owner of Thames Water criticised for loading the utility with debt, is a lender to its stricken parent company....
...Instead, in the event of an insolvency, debt in the securitisation is secured on claims from the proceeds of a sale to a suitable owner....
...auction house, which traces its history back to 18th century England, is now taking the financialisation one step further by securitising those loans, clearly doesn’t know much about Sotheby’s present owner...
...Missile attacks from the Houthis, Somali piracy, seizure by the Iranian Revolutionary Guards: ships have had more to navigate than just the seas this year — and owners are turning to professionals for help...
...Instead, the debt is secured on claims from the proceeds of a sale to a suitable owner....
...Owners of dry bulk ships are often small companies with little market power....
...The bonds were sold by Kemble Water Finance, which is part of the labyrinthine corporate structure built at Thames by its former owner, Australian infrastructure investor Macquarie....
...Thames Water’s parent company has told its bondholders that it has defaulted on its debt, firing the starting gun on a potentially messy restructuring at the owner of Britain’s largest water utility....
...“I would argue that it’s going to help relations internally,” Roberts said. “The last couple of days. I think Shohei has been even more engaging with his teammates.”...
...Having been introduced on Tuesday as Robert Kennedy Jr’s running mate, Shanahan’s life will now be turned inside out. RFK’s third-party candidacy could split the vote in key swing states....
...Its owner, Ingunn Rasmussen, is one of 13 siblings raised in this small community at 68 degrees, just north of the Arctic Circle. Her father was a fisherman and carpenter....
...The owner of Royal Mail has appointed Heathrow airport’s chief operating officer to run the UK’s legacy mail-delivery company, after nine months of seeking to fill the post....
...A person familiar with the transaction said that Yodel was transferring to the new owner free of its debt, which would remain with the previous owner....
...The statement on behalf of the owners said the vessel was “drifting, well away from land” and that salvage arrangements were being made....
...In the latest legal setback for Windhorst, a Dutch court granted the order last month following an application by a subsidiary of McCourt Global, which was founded by former Los Angeles Dodgers owner McCourt...
...The Sea Champion’s registered owner is New York-based MKM Chartering. The Navis Fortuna’s registered owner is Copenhagen-based Dania Ship Management....
...Likewise, S&P Global Mobility surveys suggest stable EV loyalty, measured as the share of EV owners whose next car was an EV, especially for Teslas....
...Since then, Thames Water’s group borrowings have grown to £18.3bn as the company passed from owner to owner....
...However, that owner is a company called Golden Adventure registered in the Marshall Islands in the Pacific....
...Email us: robert.armstrong@ft.com and ethan.wu@ft.com....
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