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The Latest Breaking News from Macquarie

How UK's Biggest Water Supplier Sank Into Crisis

Thames Water, the UK's largest water supplier, has been ravaged since privatisation by soaring debts and chronic underinvestment, sinking into a deep financial crisis which has sparked bailout speculation.

International Business Times

Australia’s Macquarie among lenders to Thames Water’s parent company

Controversial investment bank could play important role in fate of Britain’s biggest water firm

The Guardian - UK

Bodying Up to the Magnificent '3 Body Problem,' the Bold David Ellis, the Rediscovered Sublime, the Surging CTV Biz and the Victorious Dawn Staley

Also in this week's 'Next Text,' we throw some deserved shade at the far right culture warriors at 'OutKick'

Broadcasting & Cable

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The Observer view: there is still a way to save Thames Water from financial oblivion

The formation of a company solely dedicated to providing cheap, clean water is the best way out of this debacle

The Guardian - UK

‘I’ve seen solid waste float by’: Surrey riverside residents try to Stop the Poo

The sewage treatment works at Horley seem to be crumbling, much like owner Thames Water itself

The Guardian - UK

30 Most Powerful Women In Business: The Titans Of Industry

Here are the women, who are forging paths and breaking barriers across industries, showcasing exceptional leadership and innovation.

International Business Times

Aust close slightly lower, with more weakness from CSL

The local bourse has closed 0.15 per cent lower, with gains by the retail banks outweighed by losses from Macquarie, James Hardie, CSL and Seek.

AAP

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Thames Water’s owners only have themselves to blame for the writedowns

It looks as if USS simply overpaid and underestimated the effort and catch-up investment required

The Guardian - UK

Thames Water apologises to MPs for ‘confusion’ over £500m loan

Labour MP calls firm’s finances an ‘absolute shambles’ as Ofwat vows it is prepared to put it into administration

The Guardian - UK

'Cozzie livs' chosen as Macquarie's word of the year

Macquarie Dictionary has selected 'cozzie livs' as its word of the year, reflecting a humorous and informal term for cost of living.

AAP

Cozzie livs: light-hearted term for cost-of-living crisis named Macquarie dictionary word of the year

Skimpflation and blue-sky flood were also among the editors’ top picks, while Australians voted for generative AI

The Guardian - AU

Macquarie Dictionary Just Went Full ‘Goblin Mode’ With Its Latest Batch Of New Word Additions

A bunch of iconic “Gen-Z” phrases have made it into the ninth edition of the Macquarie Dictionary. Guess this means I can use “goblin mode” in our headlines and you can’t stop me!!! As a Gen-Zer who is chronically online, I absolutely overuse a bunch of colloquial terms that don’t…

Pedestrian.tv

Barbiecore and ‘spicy cough’: pop culture and the pandemic deliver updates to the Macquarie Dictionary

‘Goblin mode’, situationship and pyrocumulonimbus among 3,000 new entries to the ninth edition

The Guardian - AU

Southern Water owner Macquarie invests further £550m

Australian investment bank funds troubled UK utility’s overhaul of pipes and sewage works

The Guardian - UK

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Fortune

Microsoft's new A.I. tool could bring in $14 billion in revenue if it has modest success

The Wall Street firm's estimates mean that Microsoft could instantly recoup its $13 billion investment in ChatGPT-maker OpenAI.

Evening Standard

London faces water rationing ‘imminently’, claims leading environmentalist

River Action chief executive James Wallace made his comments at a Greater London Authority hearing about Thames Water.

Evening Standard

Inside the capital’s water crisis — are Londoners’ taps about to run dry?

After years of piling on debt and sucking out profits to pay shareholders rather than improve infrastructure, Thames Water is near collapse — leaving the city 24 hours away from having its supply turned off. Claire Cohen investigates

The Guardian - UK

Private equity is failing water companies again. Get these firms back on the stock market

Listing would allow the market to be admirably brutal – inflicting pain on the owners and forcing management changes

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The Guardian - UK

Ex-Thames Water owner accused of ‘money-grabbing’ cuts to Cadent pension scheme

Exclusive: Cadent Gas, owned by Australia asset manager Macquarie, is considering closing its defined benefit scheme

The Guardian - UK

The Guardian view on private water companies: a disaster made in the City

Editorial: England has become an asset management society with predictably calamitous results

The Guardian - UK

Now, water bosses, you must show how capitalism can work for the common good

If there’s a lesson to be learned from the collapse of Thames Water, it is that utility giants have to pioneer a new kind of company

The National (Scotland)

Scottish pension fund’s hidden stake in firm controlling Russian gas pipeline

LOTHIAN Pension Fund has a hidden stake in a firm which runs coal power plants and controls part of a major pipeline transporting Russian

The Guardian - UK

In charts: how privatisation drained Thames Water’s coffers

Decades of underinvestment and bumper dividends have left the firm debt-laden and under investigation

The Guardian - UK

Ministers must get a grip: no bailout for Thames Water’s backers

Any financial reconstruction of Thames is simple. Shareholders and bondholders are on the hook

Fortune

The biggest water company in the U.K. is also polluting its rivers. Now, it desperately needs a government rescue to turn things around

The water company has been piling up debt for years, and its old infrastructure has harmed wildlife and the environment.

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