Hints and tips:
...Omers declined to comment on USS’s valuation cut....
...regulator has lashed out at the country’s water utilities for paying “significant dividends” to shareholders while failing to fix their poor environmental record, in comments that pile more pressure on the industry...
...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....
...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...
...We will continue to engage closely with industry during the process.”...
...USS....
...She said the USS already had about half of its £73bn portfolio invested domestically. “If the government wants to create investment opportunities in the UK, we’d love to see that.”...
...The USS, Thames Water’s second-biggest shareholder, declined to comment....
...Water UK, which represents the industry, said: “Investors have choices and it should act as an alarm that investors consider the UK’s water industry as much riskier than elsewhere....
...Bulls appear to have overestimated how much of Posco’s business depends on modish electric vehicle batteries rather than boring old heavy industry....
...Further steel price and margin declines, followed by industry consolidation, appear inevitable. june.yoon@ft.com...
...The company is lobbying industry regulator Ofwat to agree to sharp increases in water bills as well as concessions on regulatory fines and an agreement that it can continue to pay dividends....
...Posco’s strategy is shared by several other leading players in the Korean battery industry....
...Two of the largest shareholders — pension funds Omers and USS — have already taken large writedowns....
...The ships, part of a fleet of 20 US-flagged vessels carrying almost exclusively US government cargo, were accompanied by the USS Gravely....
...On Sunday, the US said one of its warships, the USS Carney, shot down 14 attack drones launched by the Houthis....
...In recent weeks, the shipping industry has been shaken by the growing threat to ships in the region, particularly after Houthi forces boarded and hijacked a car carrier linked to Israeli businessman Abraham...
...Posco declined to comment....
...First, it is part of a hugely unpopular industry that regularly ejects sewage into Britain’s beaches and rivers....
...“[We] will be providing some insight to ClientEarth into how we are seeking to mitigate the various financial risks that affect our portfolio, including climate change,” the USS said....
...Glencore has agreed to pay $6.9bn in cash for a 77 per cent stake in Teck’s coal business that supplies the steel industry. Japan’s Nippon Steel and South Korea’s Posco will own the rest....
...Loewy commissioned Syd Mead, a designer who would go on to create the haunted passages of the USS Sulaco, the spaceship in Aliens, to visualise his design....
...Energy Solution, told investors its working assumption was that the US government would apply the same definition of “foreign entities of concern” that it uses for legislation concerning the semiconductor industry...
...“We are currently not aware of any impact on USS data,” said a USS spokesperson, adding that the scheme was liaising closely with Capita....
...He expected the steel industry cycle to recover in the second half of next year after hitting the bottom in the first half....
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