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Dec 10, 2024 | 
news.bloomberglaw.com | Jess Shankleman |Jessica Shankleman
The chief executive of Thames Water warned breaking up the utility would be a distraction from dealing with its bigger problems of fixing chronic leaks and sewage spills. The heavily-indebted utility last week received a bid from Covalis Capital that hinges on a plan to raise money by selling off some Thames assets before floating the remaining company on the stock market.
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Dec 10, 2024 | 
news.bloombergtax.com | Jess Shankleman |Jessica Shankleman
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
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Dec 10, 2024 | 
bnnbloomberg.ca | Jess Shankleman |Jessica Shankleman
(Bloomberg) -- Thames Water Utilities Ltd. said its debt pile grew to £15.8 billion ($20.2 billion) in the six months to October, as it warned it may not be able to continue operating without a cash injection. The UK’s largest water and sewerage supplier said net debt increased from £14.7 billion at the end of March. The company’s gearing — the level of debt compared to equity — rose to 84.2% compared to 80.6% at the end of March, according to a statement on Tuesday.
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Dec 5, 2024 | 
news.bloomberglaw.com | Jess Shankleman |Jessica Shankleman |Vinicy Chan |Giulia Morpurgo
Investors gave a lukewarm response to Thames Water’s equity raise, with several potential bidders ruling themselves out of the process, and the viability of one offer in doubt. CK Infrastructure Holdings — one of the firms tipped to invest — decided against placing a preliminary bid, according to people familiar with the matter. Thames set a deadline of Thursday for indicative bids. Carlyle Group Inc.
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Dec 5, 2024 | 
bnnbloomberg.ca | Jess Shankleman |Jessica Shankleman |Vinicy Chan |Giulia Morpurgo
(Bloomberg) -- Investors gave a lukewarm response to Thames Water’s equity raise, with several potential bidders ruling themselves out of the process, and the viability of one offer in doubt. CK Infrastructure Holdings — one of the firms tipped to invest — decided against placing a preliminary bid, according to people familiar with the matter. Thames set a deadline of Thursday for indicative bids. Carlyle Group Inc.
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Dec 2, 2024 | 
news.bloomberglaw.com | Jess Shankleman |Jessica Shankleman
Castle Water Ltd. will offer to inject £4 billion ($5.1 billion) into Thames Water this week to help save the beleaguered utility from administration, according to a person familiar with the matter. Thames, the UK’s biggest water and sewage company, asked potential investors to submit indicative, non-binding bids by Dec. 5.
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Dec 2, 2024 | 
finance.yahoo.com | Jess Shankleman |Jessica Shankleman
(Bloomberg) -- Castle Water Ltd. will offer to inject £4 billion ($5.1 billion) into Thames Water this week to help save the beleaguered utility from administration, according to a person familiar with the matter. Thames, the UK’s biggest water and sewage company, asked potential investors to submit indicative, non-binding bids by Dec. 5.
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Dec 2, 2024 | 
bnnbloomberg.ca | Jess Shankleman |Jessica Shankleman
(Bloomberg) -- Castle Water Ltd. will offer to inject £4 billion ($5.1 billion) into Thames Water this week to help save the beleaguered utility from administration, according to a person familiar with the matter. Thames, the UK’s biggest water and sewage company, has asked potential investors to submit indicative, non-binding bids by Dec. 5.
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Dec 2, 2024 | 
finance.yahoo.com | Jess Shankleman |Jessica Shankleman
The investing community pays close attention to Warren Buffett. Sometimes you have to look closely or read between the lines to see what he means, and recent events are in that category, but his message is still loud and clear. As a public company, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) provides quarterly updates about its performance. It also files a form 13F, which details quarterly trades. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day.
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Nov 26, 2024 | 
bnnbloomberg.ca | Jess Shankleman |Jessica Shankleman |Lucca de Paoli
(Bloomberg) -- Macquarie Group won’t be able to repeat the practice of paying hefty dividends from Southern Water Ltd. in the same way that it did while it ran Thames Water, the UK regulator’s boss said on Tuesday. Macquarie has drawn criticism for taking out high dividends while it part-owned and managed Thames Water from 2006 to 2017, with the company at risk of running out of cash early next year unless a rescue deal is agreed.
