Paul Kelso
Business Correspondent at Sky News
Business Correspondent @SkyNews. Previously health, sport and newspapers. Tips & trivia welcome at [email protected]
Articles
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3 weeks ago |
news.sky.com | Paul Kelso
Bosses at six water companies have been banned from receiving bonuses for the last financial year under new legislation that comes into force on Friday. Senior executives at Thames Water, Yorkshire Water, Anglian Water, Wessex Water, United Utilities and Southern Water all face the restriction on performance-related pay for breaches of environmental, customer service or financial standards.
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3 weeks ago |
msn.com | Paul Kelso
Microsoft Cares About Your PrivacyMicrosoft and our third-party vendors use cookies to store and access information such as unique IDs to deliver, maintain and improve our services and ads. If you agree, MSN and Microsoft Bing will personalise the content and ads that you see. You can select ‘I Accept’ to consent to these uses or click on ‘Manage preferences’ to review your options and exercise your right to object to Legitimate Interest where used.
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3 weeks ago |
news.sky.com | Paul Kelso
As an independent review sets out a vision for cleaning up the water industry, a real-world example of why the sector is in such deep trouble floats into view. The announcement that Thames Water's preferred investor KKR will not after all be injecting £4bn for an equity stake is, first and foremost, a crisis for the debt-laden company, increasing the chances taxpayers will have to throw it a lifeline.
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1 month ago |
news.sky.com | Paul Kelso
President Trump's Friday flurry of pronouncements marks the return of negotiation by smartphone and may trigger another period of profound uncertainty for international trade and financial markets. It is an escalation likely to heighten the threat of retaliation from Europe, and with a few keystrokes ends the brief period of calm that had returned to global trade and markets in recent days. Image: A red hat in Washington DC to support President Trump.
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1 month ago |
msn.com | Paul Kelso
Microsoft Cares About Your PrivacyMicrosoft and our third-party vendors use cookies to store and access information such as unique IDs to deliver, maintain and improve our services and ads. If you agree, MSN and Microsoft Bing will personalise the content and ads that you see. You can select ‘I Accept’ to consent to these uses or click on ‘Manage preferences’ to review your options and exercise your right to object to Legitimate Interest where used.
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Government spokesperson: “This government makes no apology for tackling the poor behaviour we have seen in the past, where too many people were rewarded for failure. We welcome investors who want to work with us to rebuild this vital sector and clean up rivers, lakes and seas”
Sources with knowledge of Thames Water's equity process say KKR ultimately withdrew because of "political risk" - the ongoing negative narrative around the water industry from government, regulator and media. KKR not commenting
RT @SkyNews: BREAKING: KKR has pulled out of the refinancing process for Thames Water. The company will now pursue an alternative plan prop…
With KKR out Thames Water will now proceed with an alternative proposal worked up by creditors who control £15bn of its £22bn debt pile. This includes equity injection, recapitalisation - a haircut to that debt - new debt facilities, and a new chair lined up
Sources with knowledge of Thames Water's equity process say KKR ultimately withdrew because of "political risk" - the ongoing negative narrative around the water industry from government, regulator and media. KKR not commenting
