Macquarie ups stake to become majority owner of London City Airport Transport and infrastructure An asset management giant has become the majority owner of London City Airport after buying out some of its fellow shareholders. Macquarie Asset Management has increased its stake in the transport airport to 75 per cent after acquiring a further 50 per cent equity stake from Alberta Investment Management Corporation and OMERS. The move comes after Macquarie [...]
Tottenham Hotspur take £90m loan following big-spending summer Sport Business Tottenham Hotspur have taken out a £90m loan from Australian bank Macquarie in a move that improves the heavily indebted Premier League club’s cash flow. Spurs have borrowed the sum against future media rights revenue that they are due to receive from the Premier League during the current season. Such loans are not uncommon even [...]
Macquarie to inject £1.2bn into struggling Southern Water Business Macquarie is to invest £1.2bn into the struggling utility Southern Water in a move that could prevent a possible breach of its regulatory license. The new equity investment plan will enable Southern, which supplies water to 2.6m customers in Kent, Sussex, Hampshire and the Isle of Wight, to fund its Ofwat-approved investment programme for the [...]
Macquarie nears deal for slice of London City, Birmingham and Bristol Airport June 15, 2025 Macquarie is close to a multibillion pound deal for stakes in London City, Birmingham and Bristol Airport. The Australian infrastructure investor is this weekend finalising terms with the Canadian pension fund Ontario Teachers’ Pension Plan (OTPP), according to the Sunday Times. OTPP owns 25 per cent stake of London City, 27 per cent of Birmingham [...]
Bosses insist bonuses are justified for running ‘hair raising’ Thames Water May 13, 2025 Bosses at Thames Water have defended taking hefty bonus payouts as Thames Water battles to stay afloat and pollution incidents soar. Chief executive Chris Weston and Chair Sir Adrian Montague are spearheading a turnaround at the crisis-hit utility, which narrowly avoided bankruptcy earlier this year via a £3bn emergency loan from creditors. It was revealed [...]
Water bills set for hefty hike as Ofwat judgement looms December 18, 2024 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 November 28, 2024 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 November 13, 2024 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.