12 h. ago Ofgem should use firms’ windfall profits to fund energy debt relief, say MPs

Electricity and gas prices soared from late 2021, driven by the reopening of economies after Covid and Russia’s invasion of Ukraine.

Economics

31 h. ago Kirkland & Ellis trains lawyers on communication style after investor tensions

Firm moves to repair relations with backers of private equity funds after claims of uncooperative behaviour in negotiations

Economics

4 d. ago Thames Water paid £20mn to cover KKR’s due diligence for abortive bid

Cost adds to multimillion pound fees billed by advisers trying to secure utility’s future

Economics

6 d. ago Water firms’ environmental performance sinks as serious pollution cases up 60%

The Environment Agency has called for a fundamental shift in culture and behaviour from English water firms in the light of ‘poor’ results.

Politics

8 d. ago We paid millions for our flats and there’s not enough hot water for a bath

We paid millions for our flats and there’s not enough hot water for a bath  The Telegraph

Politics

8 d. ago JPMorgan warns First Brands fallout driving up banks’ funding costs

Concerns mount about hidden exposure to private capital firms and hedge funds in wake of credit market wobbles

Economics

1 week ago WSL considers borrowing tens of millions to accelerate growth plans

WSL board examining ways of raising fundsLoans would be used to boost payments and prize moneyThe Women’s Super League is exploring borrowing tens of millions of pounds in an attempt to accelerate the growth of the competition. The WSL board has commissioned the investment bank Goldman Sachs and the accountancy firm Deloitte to examine ways of raising funding anda debt deal is the preferred option at this stage.The borrowing would be used to increase central payments and prize money awarded to clubs, with the aim of stimulating further growth in sponsorship, broadcast deals and club-led investment, as a result of creating a better product. Continue reading...

Politics

1 week ago PPE Medpro: Baroness Michelle Mone linked firm fails to repay £122 million to UK government by deadline

Wes Streeting says the UK Government will ‘pursue PPE Medpro with everything we’ve got’

Economics

1 week ago AI robotics firm raises funding with help from Scottish National Investment Bank

Launchpad opened a research and development centre in Edinburgh last year, solidifying ties with the city.

Economics

3 w. ago Tour operator Intrepid drops carbon offsets and emissions targets

Firm will instead invest A$2m a year in ‘climate impact fund’ supporting renewables and switching to EVsOne of the travel industry’s most environmentally focused tour operators, Intrepid, is scrapping carbon offsets and abandoning its emissions targets as unreachable.The Australian-headquartered global travel company said it would instead invest A$2m (£980,000) a year in an audited “climate impact fund” supporting immediate practical measures such as switching to electric vehicles and investing in renewable energy. Continue reading...

Events

3 w. ago £10m in fines paid by water firms funds restoration of sewage

Fifty-one projects have won funding, including restoring riverbeds in Exmoor National Park and tackling septic tank spills into Windermere.

Economics

4 w. ago Video game maker Electronic Arts to be taken private in record $55bn mega

Deal with The Sims and Madden NFL maker is biggest leveraged buyout attempt, another key move for Silver LakeElectronic Arts, maker of video games such as Madden NFL, Battlefield, and The Sims, is being acquired for $55bn, the biggest leveraged buyout attempt in history.Under the terms of the deal announced on Monday, the private equity firm Silver Lake Partners, Saudi Arabia’s sovereign wealth fund PIF and Affinity Partners will pay EA’s stockholders $210 per share. Affinity Partners is a private equity firm run by Donald Trump’s son-in-law, Jared Kushner. Continue reading...

Economics