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The Latest Breaking News from USS

Billions Down The Toilet As Private Equity Firms Take Bath On Hot New 'Continuation Vehicle' Strategy

The private equity trend of continuation vehicles (CVs)—a strategy soaring in popularity—is in the spotlight due to a high-profile failure involving United Site Services (USS), a portable toilet rental company.

Benzinga

Make it so: Lego unveils 1st 'Star Trek' kit with the iconic USS Enterprise D and 'Next Generation' crew

The iconic Star Trek U.S.S. Enterprise is available with Lego starting on Nov. 28, featuring the craft and crew from The Next Generation.

Space

Doctors’ surgeries owner rejects £1.56bn takeover approach

FTSE 250 firm Assura turned down the latest approach from Kohlberg Kravis Roberts worth 48p a share on Saturday.

Evening Standard

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New plans for City's tallest skyscraper create 'environment of surveillance'

Britain’s biggest private pension fund objected to a seven-metre-high screen at the base of the planned tower

Evening Standard

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’s second largest investor slashes value of its stake

USS’s write-down of almost two-thirds comes after utility admitted it cannot afford debt repayments

The Guardian - UK

Saudi Arabia dives deeper into Western assets as it looks set to become the majority owner of the U.K.’s busiest airport in a $12bn deal

The Sunday Times of London reports that the PIF could take a 60% share in Heathrow Airport alongside private equity group Ardian.

Fortune

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University staff end historic dispute over pensions

HIGHER education staff have voted to end a long-running dispute over pensions which led to a series of strikes. The University and College Union…

The National (Scotland)

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

Thames Water shareholder gives backing to crisis-hit firm

USS support for turnaround plan comes as water company buckles under £14bn debt burden

The Guardian - UK

Contingency plans being drawn up for Thames Water collapse

UK government and Ofwat holding discussions amid fears firm cannot survive because of huge debt pile

The Guardian - UK

Capita cyber-attack: USS pension fund members’ details may have been stolen

Universities Superannuation Scheme says it can not be certain information about 470,000 members is safe

The Guardian - UK

Postal workers and university staff strike in Bristol this week

Postal workers could strike up until Christmas Eve if an agreement isn't reached

Bristol Post

University staff set for walkout as pay and pensions dispute continues

The UCU members voted in two separate ballots over the proposed strike action

Daily Record

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Wales Online

University staff back strike action in row over pay, conditions, and pensions

Historic ballot result means action could be taken at every university in the UK as union threatens to bring sector 'to a standstill'

InsideEVs

Tesla Is Now Removing Ultrasonic Sensors In Move To Vision Only

When Tesla announced that it was removing radar, people said it couldn't be done, but Tesla Vision was eventually tested and approved by safety organizations.

Liverpool Echo

Company director walks free from court after £35,000 pension scheme swindle

Neighbours cooked up scheme to defraud university workers' fund out of tens of thousands

Wales Online

University staff in Wales ballot for action over 3% pay rise, working conditions and pension cuts

Staff at all eight universities in Wales are being balloted

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Benzinga

Uniserve Communications Agrees To Purchase Private Cloud Solutions Provider For C$3.75M

Uniserve Communications Corp (TSXV:USS) entered into a Letter of Intent dated March 2, 2022, to purchase all of the issued and outstanding shares of a Vancouver area-based Private Cloud Solutions provider focused on the provision of hosted applications and virtual desktops. The provider offers secure managed physical terminals to customers, which provides peace…

Bristol Post

Bristol University staff say insecure contracts put them at 'risk of homelessness'

One researcher has been sofa surfing at friends’ houses

Bristol Post

Bristol University lecturer on strike says he will be working until he 'drops dead'

Union representatives have said the University ‘refused to talk’ to them

Daily Record

Dundee University students end 'occupation' of principal's office as demands met

The group of around a dozen students arrived with sleeping bags, cushions and food to begin a day-long protest at the university's treatment of staff.

Wales Online

Nearly two thirds of academics 'likely' to leave higher education sector

Concerns over pay, working conditions and pensions are driving away university and college staff, according to a new report

Daily Record

Dundee University students 'occupy' corridor in protest as UCU strikes continue

The group of around 10 students set up outside the office of uni boss Iain Gillespie at 8am and say they won't budge for 24 hours or until their demands are met.

Daily Record

University staff in Dumfries start strike over pay, work conditions and pensions

Members of the University and College Union are in dispute with Universities UK and the Universities Superannuation Scheme

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