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Lee Robinson’s expertise was ‘like having Lionel Messi on your team’. Now his relationship with Warrington is under scrutiny
Move comes as authorities face $9bn in legal claims over rescue of failed bank
Bank of China and ICBC in a group of four banks behind £190mn loan that matures end of April
Bondholders’ group hires lawyers after telecoms company declines to use proceeds from asset sales to repay debt
...S&P this month downgraded Thames Water’s top-ranked class A debt to BBB-, the bottom rung of investment-grade, just one notch above junk....
Breaking down Sotheby’s foray into art-backed securities
US manager known for aggressive approach bets markets are too pessimistic about potential losses on utility’s debt
Formal notice to bondholders fires starting gun on complicated debt restructuring
...This cover is provided in the first instance to the Dali by Britannia P&I Club....
Government contingency plans could see bulk of debt taken on by state with utility split in two
...More than half of Thames Water’s debt is index-linked, according to rating agency S&P, burdening it with higher interest repayments as inflation soared over the past 18 months.The utility may also face large...
Financier had tried to back out of 2020 deal to buy half of Global Champions citing financial difficulties caused by the pandemic
Australian group had been criticised for loading UK utility with debt
...Meanwhile, email us: robert.armstrong@ft.com and ethan.wu@ft.com. Why aren’t earnings estimates higher? This is a robust economy....
Investors calculated that it would take £8bn of fresh equity to comply with Ofwat conditions
Paul Weightman cut his teeth persuading players to join a breakaway Australian rugby league in the 1990s
Investors say regulatory conditions make utility’s business plan ‘uninvestable’
...Citi expects Nvidia and Eli Lilly alone will make up a quarter of S&P 500 earnings growth in 2024. How’s everyone feeling about this rally? Email us: robert.armstrong@ft.com and ethan.wu@ft.com....
Esma levies rare penalty against Scope over failures to manage conflicts of interest
...Additional reporting by Robert Wright...
...You tell us: robert.armstrong@ft.com and ethan.wu@ft.com. No, higher rates are not (very) inflationary Here’s a theory that’s been making the rounds....
...Miles Roberts, DS Smith chief executive, said: “The combination with International Paper is an attractive opportunity to create a truly international sustainable packaging solutions leader that is well positioned...
...Email us: robert.armstrong@ft.com and ethan.wu@ft.com. 2024 vs 2021 There is not, so far as we know, an agreed-upon marker for the birth of a bull market....
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