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...He said that even though convictions “lag the financial year in question”, they still needed to be considered when boards were deciding on dividends and that the basis of the decision needed to be explained...
...These kinds of search results, which include an “AI-powered snapshot”, are more costly for Google to serve up than its traditional responses because generative AI consumes a lot more computing resources....
...It added: “The Thames Water and Kemble boards approved our refocused turnaround plan at the end of 2023....
...Many of Thames Water’s 16mn customers might feel the same way about the state of water 35 years after Margaret Thatcher’s government privatised England’s water companies....
...The board of Thames Water, Britain’s largest water company, was locked in crisis talks on Wednesday after shareholders refused to confirm they would provide about £3bn of fresh equity that is necessary for...
...Thames Water also requires a further £2.5bn before 2030 to fund its investment plan and maintain assets. Ofwat has told the board to “pursue all options to seek further equity”....
...Another indebted rival, Southern Water, secured a new backer in 2021. Frankly, Thames’ board lacks the restructuring nous to handle this end-game....
...The mess prompted Prosus, Sequoia and the Chan Zuckerberg Initiative to resign from the board and try to oust Raveendran at an extraordinary meeting last month....
...that ministers put pressure on Ofwat to meet the company’s demands, some were privately hoping it would allow various “regulatory easements” such as reduced fines and higher bills to keep shareholders on board...
...But in return for access to the grids, generation and scarce water resources they need, tech companies should accelerate the use of AI to assist the green transition....
...Job moves Golden Goose has appointed Marco Bizzarri to the Italian luxury sneaker label’s board of directors. He was previously the chief executive of Gucci....
...In a statement on Friday, Thames Water said Montague’s resignation from Kemble was a “personal decision”, and that he “believes the time is right solely to focus on fully supporting the board and executive...
...South African municipalities also owe the country’s water boards almost R18bn ($959mn), hampering their ability to carry out upgrades....
...Thames Water has appointed Chris Weston, former head of power supplier Aggreko, as its chief executive, as the UK’s biggest water company faces scrutiny over its financial health and probes into its treatment...
...Tesla has been forced to go back to the drawing board after residents of the east German town of Grünheide, the site of its only European assembly plant, overwhelmingly rejected a plan to massively expand...
...richard.waters@ft.com...
...Beijing has poured money and resources into its military....
...But Icahn could rely on one secret weapon of sorts to pour oil on troubled waters....
...The National Infrastructure Commission, a government advisory board, last October warned in its five-yearly assessment of UK infrastructure that “significant deficiencies” were holding the country back....
...AIG’s board of directors has elected Jimmy Dunne as an independent director....
...“The board yesterday sanctioned the biggest mining project in the world,” Stausholm told the Financial Times....
...access to water and sanitation, and on conserving oceans, seas and marine resources....
...He added: “The board must resign with immediate effect and must be held accountable for financial and regulatory cover-ups as well as the destruction of local environments.”...
...India said 17 of its nationals were on board the Aries....
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