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...Southern Water and Thames Water declined to comment further....
...It is not clear whether investors — which include sovereign wealth funds, private equity firms and pension funds — will play ball. Few equity injections have been made since privatisation....
...South East Water Ltd, the only part of the group regulated by Ofwat, posted a £74mn pre-tax loss compared with a loss of £37.2mn the previous year....
...“We are already having to play catch-up, with vital housing and economic development now being held back,” a spokesperson said. Cambridge Water did not respond to requests for comment....
...In a statement of intent, the shareholders have hired restructuring advisers at Alvarez & Marsal to engage with the creditors of Thames Water’s ultimate parent, Kemble Water Holdings....
...While Thames Water’s management has long insisted that Kemble’s travails should not have an impact on the regulated utility, the water company’s bonds also traded down....
...New York-listed insurer Assured Guaranty had more than $12bn of exposure to UK water companies at the end of 2023, with more than $2bn to Thames Water alone....
...The current government will be hoping that this bubbling imbroglio remains just this side of collapse until the election, which is possible, but a new government won’t have extra cards to play....
...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....
...Some lenders to Thames Water would lose up to 40 per cent of their money under government contingency plans to nationalise Britain’s biggest water company dubbed “Project Timber”....
...In the summer of 2020 when the Financial Times reported that Japanese government officials had tried to merge Honda and Nissan, sceptics scoffed at the idea as akin to mixing “oil and water”....
...Using it would demonstrate that the UK plays by the rules and foreign investors can be sure that if they evaluate a company’s worth accurately and manage it well, they can make a decent return....
...And, about the ways in which race and geography play into the dispersion and availability of safe water access....
...“If you let monopolists choose how they will comply, they will play with time and be ineffective,” he says. “It will be difficult to repair the damage.”...
...The funds that were willing to buy available claims for 30, 40, 50 or 60 cents on the dollar and wait for the bankruptcy process to play out have earned — through either luck or skill — their huge windfalls...
...And all of these people knew how to play themselves. Divine This picture of Divine is what he looked like, in real life. He always wore that one piece garbageman’s outfit....
...While DD won’t try to predict whether the Chinese lenders will play ball and extend the loan, we are sure of one thing: the whole situation is as murky as the river Thames....
...“Water features are inviting for play too,” she says, advising using troughs or basins set at child height to ensure they are accessible. But she warns not to go too far....
...Macquarie’s investors lent about £130mn to the utility’s holding company Kemble Water Finance Ltd in 2018 and 2020, according to a person familiar with the situation....
The Silicon Valley group has stumbled in the rollout of generative AI. Insiders say cultural and organisational issues are to blame
...Gainsbourg plays Toni, the partner of cellist Gwen, played by Trine Dyrholm, a fixture of Danish cinema, currently in TV’s Mary & George; Wilson plays archaeologist Sarah, married to Joe (co-director Celyn...
...Farmers such as Macharia also play a pivotal role. His small farm lies near the Sasumua river, in the catchment area of one of the crucial water towers....
...UK legislation mandating the national minimum wage for all crew operating in UK waters is also expected to take effect later this year....
...There are also critical contributing factors at play, namely economies of scale and the introduction of private sector participation in a sector historically associated with natural monopolies....
...Based on a verse play by WB Yeats, part fantasy, part Noh-play, Full Moon in March balances so many mystical and paradoxical themes that one would like to focus more on the intricate text than an operatic...
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