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...Altice France, which includes mobile network operator SFR, is a key part of Franco-Israeli billionaire Patrick Drahi’s wider Altice group of telecoms businesses....
...But to expand production, the US company issued a large amount of debt as the cost of running its wood pellet processing plants increased....
...It started converting from coal to wood pellets in 2013....
...Just last week, Enviva, once one of the world’s largest wood pellet producers, filed for bankruptcy in the US (wood pellets are marketed as a low-carbon alternative to fossil fuels)....
...The two investment lieutenants also share a similar investing ethos with the man they are due to replace one day: finding good businesses with strong management teams that are trading at attractive prices...
...Last month, the company co-hosted a power grid investment summit in Houston with Dan Patrick, Texas’s lieutenant-governor....
...In an interview with the FT in December, Exxon chief executive Darren Woods said “biofuels will play a role” in the transition away from fossil fuels....
...(Patrick Temple-West) Smart read Here’s a very useful analysis of how Brazil is using COP28 to challenge the EU over its “discriminatory” green measures....
...Ubben has also been a big backer of Enviva, the world’s largest producer of wood pellet fuel....
...“People are reassessing project economics,” said Michelle Davis, global head of solar at Wood Mackenzie, an energy consultancy. “Interest rates increase just the general cost of capital . . ....
...While chief executives’ stock sales draw attention, many of the largest sellers have been lesser-known lieutenants who might not face pressure to hold shares....
...The interiors are by Patrick Gilles and Dorothee Boissier, both alumni of Christian Liaigre’s studio (lately enjoying major success creating residences, restaurants and their own furniture-accessories line...
...Those things, and its supreme solitude, are what drew the writer Patrick Leigh Fermor to it in the 1960s. He built his stunning house at Kardamyli, one of the most atmospheric of its towns....
...Drahi, who typically leaves day-to-day investor relations to his lieutenants, has spent the past two months meeting with key lenders in a bid to allay their concerns....
...Enviva, the world’s largest producer of wood pellets (which are seen as a renewable energy source), replaced its chief executive amid poor earnings this month....
...These suspicions will have been inflamed further by this FT interview with ExxonMobil chief executive Darren Woods, attending his first COP, who argued that UN climate talks have “put way too much emphasis...
...The buccaneering Franco-Israeli telecoms billionaire Patrick Drahi took Sotheby’s equity private five-years ago....
...“I’m much more aware now of how much we’ve not been looking at or utilising renewable energy,” said Patrick Killoran, a production line operator at Illuminate USA....
...“A decade ago it seemed inconceivable that Apple could wrestle the top spot from Samsung but it could be that we’re on the cusp of that milestone,” said Ben Wood, analyst at CCS Insight....
...In case anyone wasn’t getting the message, Drahi’s longtime lieutenant Dennis Okhuijsen replied to one bondholder who asked whether Altice could rule out forcing creditors to take part in these proposed...
...of the main residents of the house, in the late 18th century, is Charles Osgood, an English soldier whose “pomomania, so to speak, a madness for fruit” creates a tale of sensory obsession to rank with Patrick...
...White & Case has hired Patrick Sarch to be head of UK public M&A. He rejoins from Hogan Lovells....
...Bought in a rundown state for €11mn 16 years ago, millions have since been spent on the cluster of wood and stone buildings, which date back to 1637....
...The US-based company, which tops Drax as the largest wood pellet producer, was forced to eliminate its big dividend to continue developing wood pellet plants....
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