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...“LVMH, Bolloré, the Dassaults have their own newspapers,” Saadé said in a rare interview in the company skyscraper built by his father that towers over the port of Marseille, where the Lebanese family put...
...Thames Water and Southern Water only mapped the pipes as they worked on them, leaving a large proportion of the network unchecked, the two companies revealed in responses to freedom of information requests...
...“We must insist that the company and its advisors make themselves available for a meeting with Akin and Jefferies,” the bondholders’ representatives wrote in the letter sent on Thursday, which was also addressed...
...The criticism comes as payouts by water companies have become a politically controversial issue amid public outcry over sewage pollution into coastal waters, rivers and lakes....
...“The government needs someone to come in and be prepared to put some money in,” said the water company investor....
...The Water Industry Act 1991 defines “protected land” to mean anything that the company needs to provide water services (including plant and equipment — not just the land itself)....
...In an extra challenge for those in the kitchen, spectators will also be offered a far higher proportion of plant-based options than is traditionally associated with the land of beef bourguignon and foie...
...Thames Water, the UK’s biggest water company, provides water and sewage services to 16mn people, or around 25 per cent of the population....
...The proposal comes as the company struggles with the effect of higher inflation on labour, energy and materials costs, making it more expensive to deliver existing projects....
...Loan to value ratios at the UK’s biggest landlords, British Land and Land Securities, are in the mid-30s compared with almost 60 per cent in March 2009....
...flowing across fields, and taught to grow trees across his land....
...The company, which supplies 16mn people — or about 25 per cent of the population of England and Wales — is struggling to stay afloat after its shareholders refused to put more money into the heavily leveraged...
...Thames Water — which supplies 16mn people in London and the surrounding area, or about a quarter of the population of England and Wales — has suffered a sharp drop in its bond prices after its parent company...
...Shouting matches between utility companies and regulators are common in the UK....
...Marseille has not won the top French league since, and Kyril’s mother Margarita sold the club to US billionaire Frank McCourt in 2016....
...Kemble’s debt now trades at 13.5 pence in the pound after the water company’s current shareholders backed away from stumping up a promised £500mn of equity and declared the company “uninvestable”, leading...
...: in Marseille, an electric bus to serve galleries; in Spain, an online game; in Britain, the tour of an Artemisia Gentileschi painting to care homes....
...But the FT revealed on Thursday that another two arms of the Chinese state also hold a crucial role in the future of a company that supplies water to the population of London and beyond....
...After that, there will be a viable company remaining. The assets, especially the right to levy and enforce water bills, are very valuable....
...On Friday, one of the holding companies that owns Thames Water said interest payments that were due this week on a £400mn bond “have not been paid”, and issued a “formal notice of default”....
...The nearly £15bn of debt held by the Thames Water utility companies that sit below Kemble should be unaffected by the default....
...In other words the common ground between water companies and banks is harnessed for the common good. And guess what: the Dutch water business is by some measures the best performing in Europe....
...Google’s Cloud business revenue rose 28 per cent to $9.6bn as companies seek access to the vast computing power and chip infrastructure to train LLMs and ride the AI wave....
...Debt is secured by share pledges on the opco vehicle, Thames Water Ltd, so insolvency could mean lenders take possession of a big water company no one wants....
...The Bureau of Land Management said on Friday it had finalised a rule that would raise royalty rates companies must pay the government as well as increase the minimum bond associated with the clean-up of...
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