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...Ferrovial did not name the trio, and all three companies declined to comment....
...The near-£600mn year-on-year writedown on USS’s stake is the biggest hit taken by the £75bn pension fund on its Thames Water holding, first made in 2017....
...The water company is owned by a clutch of investors, including pension funds Omers and USS, and the Abu Dhabi and Chinese sovereign wealth funds....
...The USS signalled its conditional support last week for Thames Water, a private company, saying it had given its backing to the company’s turnround plan, and supported its long-term strategy....
...But Thames’ nine shareholders, which include the Canadian pension fund Omers, the UK’s university pension fund scheme USS and the Abu Dhabi and Chinese sovereign wealth funds, would face large losses, which...
...LetterOne will remain a minority shareholder in the newly combined company....
...The USS, Thames Water’s second-biggest shareholder, declined to comment....
...Shareholders, which include the pension funds Omers and USS as well as the Abu Dhabi and Chinese sovereign wealth funds, would take losses estimated at £5bn, a fact they acknowledged in March when they refused...
...The City of London Corporation, which has collaborated with the government to channel long-term capital from pension funds into UK companies, said the chancellor’s new pension measures would “turn the dial...
...Thames Water’s second-largest investor, the USS — which represents the retirement savings of academics in the UK — has written down the value of its holding by almost two-thirds....
...There's a plaque on the wall outside the office, but in fact, the company that's registered in Ireland is not Temu or PDD Holdings, but another company completely, WhaleCo Technology Limited....
...The investors — which also include pension funds Omers of Canada and Britain’s USS universities scheme — announced two weeks after Ofwat’s letter that the business was “uninvestable” and backtracked on a...
...A manageable debt position supports the company’s hopes for a share buyback programme....
...Two of the largest shareholders — pension funds Omers and USS — have already taken large writedowns....
...Thames Water’s shareholders — which include pension funds Omers and USS as well as the Chinese and Abu Dhabi sovereign wealth funds — are dissatisfied with progress in the discussions with Ofwat, according...
...And the link could not be clearer: the same USS employee serves as a director of the holding companies for both Nats (since 2014) and Thames Water (since late 2022)....
...The Copenhagen-based company’s other vessels have been travelling via the Cape of Good Hope since December....
...Here is how the shares of those companies were performing on Thursday afternoon: Apple was down 1.3 per cent. Berkshire trimmed its holding in the tech giant Paramount was down 5.3 per cent....
...The company left its guidance for 2024 unchanged. Shares in the group were down about 7 per cent on Wednesday....
...Competing developer CK Asset Holdings was one of the worst-performing large-cap stocks, dropping 12.8 per cent....
...For that, it is well worth holding one’s nerve. camilla.palladino@ft.com...
...Dubai Holding would become the majority owner in the property company behind the yachts, if the deal goes ahead, providing Accor with the benefit of moving the assets off its balance sheet, the people said...
...Prosecutors are probing whether Benko and Signa misled the bank regarding the company’s financial health. The loan was collateralised with shares in Signa Group entities....
...JAB will continue to own around 21 per cent of KDP’s stock after the sale, and said it plans to “continue to be a long-term anchor shareholder” in the company....
...Signa Holding was the ultimate parent company in a web of more than 1,000 corporate entities, which together are estimated by analysts to owe in excess of €13bn to creditors....
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