Water bills set for hefty hike as Ofwat judgement looms Water The water regulator Ofwat is set to allow bills to rise by at least 21 per cent in the next five years, as part of its long-awaited decision on the financial future of the scandal-hit industry on Thursday. Ofwat will reveal its final determination for how much water firms are allowed to hike their bills [...]
Renewi: Share price rockets on £700m Macquarie takeover offer Business Australian asset management giant Macquarie has made an offer to buy FTSE 250 waste disposal company Renewi for $887m (£701m). In a stock exchange notice, Renewi said the two firms had “reached preliminary agreement on the financial terms of a potential acquisition”, with the board recommending the price to investors, if a firm offer under [...]
UK airport operator bought by Canadian pension fund for £1.5bn Transport and infrastructure An operator of UK airports has been bought by Canadian pension fund PSP, with the firm set to take over Glasgow, Aberdeen and Southampton airports in the £1.5bn deal. AviAlliance, a private airport operator which is wholly owned by the Public Sector Pension Investment Board (PSP Investments), announced the takeover of AGS Airports today. The [...]
Starmer vows to rip up the red tape at investment summit October 14, 2024 Prime Minister Keir Starmer will today promise to rip up the red tape that is needlessly holding back investment in a bid to galvanise economic growth. Starmer is set to make the pledge in a speech at the government’s inaugural International Investment Summit, which kicks off today at the Guildhall in the heart of the [...]
Macquarie set to pledge £20bn new UK investment at Labour summit October 13, 2024 Australian infrastructure giant Macquarie is planning £20bn of new investment in the UK in a reprieve for Keir Starmer ahead of Labour's flagship investment summit.
Talktalk debt crisis worsens as Macquarie deal stalls August 4, 2024 Talktalk's crunch negotiations with private equity giant Macquarie over a mooted £450m deal for its wholesale division have stalled, according to reports, as the embattled telecoms provider races to refinance a billion pounds of credit.
Talktalk: The telecoms titan on the brink July 25, 2024 In a defining few months, Talktalk needs to refinance nearly a billion pounds of debt, with bidders circling. Will it survive?
Talktalk hopeful of securing lifeline investment as refinancing deadline looms July 21, 2024 Talktalk has warned investors it could collapse within weeks unless its bosses secure a £200m lifeline from its largest shareholders, as the struggling telecoms firm flounders in its mountainous debt pile
Thames Water’s new business plan could see bills rise by over 40 per cent by 2030 April 22, 2024 Already in the hole for around £18bn, today's update brings the company's expected total cost for its 2025-2030 plans to £19.8bn
Macquarie not considering buying a stake in Heathrow Airport March 24, 2024 Macquarie has denied press reports suggesting it is considering a multibillion pound swoop for a major stake in Heathrow Airport.