Thames Water’s Top Investor Writes Off Stake as Crisis Worsens
The biggest shareholder in Thames Water wrote off the entire value of its stake after the utility plunged deeper into financial crisis.
The biggest shareholder in Thames Water wrote off the entire value of its stake after the utility plunged deeper into financial crisis.
Dubai has picked banks including Emirates NBD Capital and JPMorgan Chase & Co. to work on the planned initial public offering of construction firm ALEC, according to people familiar with the matter.
Stocks hovered below this week’s record levels as dialed-down bets for Federal Reserve policy easing prompted a pull-back from riskier assets.
The French government is moving to regain full control of the Pacific territory of New Caledonia, High Commissioner Louis Le Franc said, as extra security forces arrive in the archipelago to end a week of violent protests by pro-independence groups.
The additional income stream is a welcome boost for US dairy producers, who’ve had a tough couple of years selling milk.
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