Burnham shelves Thames Water administration plans over costs Politics Andy Burnham has paused plans to take public control of Thames Water over fears that it could saddle the taxpayer with a bill running into the billions of pounds. The Prime Minister had been considering putting the struggling utility into a special administration regime (SAR), which would allow the government to take partial control of [...]
Thames Water creditors eye board shake-up if takeover plan succeeds Water The group of creditors vying to take control of Thames Water has said it will appoint the former bosses of Yorkshire Water and BT Openreach to the utility’s board should it succeed in fending off nationalisation by the government. The London & Valley Water (L&VW) consortium, which includes heavyweight investors including Apollo and Elliott, has [...]
KBRA Assigns Preliminary Ratings to Sona Aclai CLO I DAC Business Wire KBRA UK (KBRA) assigns preliminary ratings to six classes of Notes issued by Sona Aclai CLO I DAC, a multicurrency European cash flow collateralized loan obligation (CLO) backed by a diversified portfolio of both broadly syndicated loans (BSLs) and private credit middle market (MM) loans. Sona Aclai CLO I DAC is managed by Sona Asset [...]
Britain’s problem isn’t too much Thatcherism, but too little August 7, 2026 Margaret Thatcher remains a bogeyman for Andy Burnham and the British left despite having left Downing Street 35 years ago, but their critiques are wide of the mark, says Emma Revell Everyone has someone or something they blame when things get tough. Astrology girlies use the position of Mercury to absolve themselves of any responsibility [...]
Monitoring the situation: HSBC to add 46 CCTV cameras with ‘face detection’ outside new City HQ August 4, 2026 Few banks are better at monitoring the situation than HSBC. The UK’s biggest bank is gearing up to install dozens of CCTV cameras around the perimeter of its new City headquarters as it ramps up security ahead of its move from Canary Wharf next year. HSBC plans to fit as many as 51 new cameras, [...]
KBRA Assigns Preliminary Ratings to Barings Euro Middle Market 2024-1 (Reset) July 29, 2026 KBRA UK (KBRA) assigns preliminary ratings to seven classes of notes issued by Barings Euro Middle Market 2024-1 (Reset), a cash flow collateralized loan obligation (CLO) backed by a diversified portfolio of middle market corporate loans. The original transaction closed on 16 December 2024 as a static CLO. This transaction refinances the original CLO by [...]
BT Openreach told to pull ‘unfair’ broadband discount July 28, 2026 Ofcom has moved to block a heavily discounted Openreach broadband offer after warning it could squeeze rival fibre networks out of the market, in the regulator’s first attempt to stop a commercial deal from BT’s network arm. The telecoms watchdog said Openreach’s proposed discount for internet providers signing up new full-fibre customers was “not fair [...]
As it happened: Stocks jump as oil drops; Unilever shares soar on decade-best sales July 28, 2026 Welcome back to the City AM FTSE 100 liveblog. It’s Tuesday and the UK’s blue-chip index has made strong gains following a peaky start to the day. The markets took a boost yesterday after oil dropped back after reaching two-month highs of more than $100 per barrel last week when the Iran backed-Houthis took responsibility for tanker [...]
KBRA Assigns Preliminary Ratings for RRE 12 Loan Management DAC July 27, 2026 KBRA UK (KBRA) assigns preliminary ratings to five classes of Notes issued by RRE 12 Loan Management DAC, a cash flow collateralised loan obligation (CLO) backed primarily by a diversified portfolio of Euro-denominated corporate loans. RRE 12 Loan Management DAC is managed by Redding Ridge Asset Management (UK) LLP (“RRAM UK” or the “collateral manager”). [...]
BT braces for loss of 800,000 customers as it banks on fibre to keep turnaround ‘on track’ July 23, 2026 BT stuck to its cash targets despite another quarter of flat sales and falling profit, as the telecoms giant pointed to growing demand for its fibre network. The FTSE 100 firm held guidance for around £2bn of free cash flow this year after revenue edged little changed to £4.3bn in the first quarter. Pre-tax profit [...]