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Top related persons:
Dado Ruvic - 1 Jefferies - 1 KKR spokespeople - 1 JP Morgan - 1 Andres Gonzalez - 1 Pietro Lombardi - 1 Anousha Sakoui - 1 Alexander Smith - 1
Top related locs:
Manchester , Lancashire Cumbria Iberdrola ENWL Merseyside , Cheshire North Wales North Shropshire England
Top related orgs:
Thomson - 2 REUTERS - 1 Electricity - 1 Japan's Kansai Electric Power Co - 1 Macquarie - 1 KKR - 1 ENWL - 1 Scottish Power - 1

Search resuls for: "Colonial First State"


4 mentions found


☆ Iberdrola planning bid for UK's Electricity North West -sources
  + stars: | 2023-11-17 | by ( Andres Gonzalez | Thomson Reuters | Andres Gonzalez Covers M A For Reuters | ) www.reuters.com   time to read: +2 min
Electric power transmission pylon miniatures and Iberdrola logo are seen in this illustration taken, December 9, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsLONDON, Nov 17 (Reuters) - Spanish utility Iberdrola is planning to make an offer for Electricity North West (ENWL) that could value the British power distribution network at a maximum of 3.5 billion pounds ($4.34 billion), two sources familiar with the matter said. Iberdrola (IBE.MC) declined to comment on any involvement in the ENWL sale process, which one of the people, who spoke on condition of anonymity, said is expected to start in December. Iberdrola is ramping up its investments in electricity networks, aiming to deploy 27 billion euros until 2025, with the goal of achieving 30% growth in core earnings of its networks unit to up to 8.5 billion euros. Iberdrola expects to receive around 6 billion euros from partnerships and asset sales by the end of the year that will help it close 2023 with a net debt of around 43 billion euros, roughly in line with 2022.
Persons: Dado Ruvic, Jefferies, KKR spokespeople, JP Morgan, Andres Gonzalez, Pietro Lombardi, Anousha Sakoui, Alexander Smith Organizations: REUTERS, Electricity, Reuters, Japan's Kansai Electric Power Co, Macquarie, KKR, ENWL, Scottish Power, Colonial First State, Iberdrola, Thomson Locations: Manchester , Lancashire, Cumbria, Iberdrola, ENWL, Merseyside , Cheshire, North Wales, North Shropshire, England, Central, Southern Scotland
☆ Just Climate raises $1.5 billion with help from Microsoft fund
  + stars: | 2023-06-08 | by ( ) www.reuters.com   time to read: +2 min
LONDON, June 8 (Reuters) - Asset manager Just Climate said on Thursday it had raised $1.5 billion for its inaugural fund after strong demand from institutional clients including Microsoft’s Climate Innovation Fund helped it beat the original target of $1 billion. Established by Generation Investment Management, Just Climate aims to focus investment on the sectors where cutting greenhouse gas emissions is hardest to do, such as cement, shipping, industrials and land use. The firm's initial fund, Climate Assets Fund I, will focus on helping companies with proven technology scale their business to a level to attract more risk-averse investors. "Proven, transformational climate solutions are being developed to decarbonise the industrial sectors. Among other investors to back the fund include IMAS Foundation, Ireland Strategic Investment Fund, Harvard Management Company, California State Teachers’ Retirement System, and Colonial First State Investments.
Persons: Shaun Kingsbury, Kingsbury, Clara Barby, Simon Jessop, Lisa Shumaker Organizations: Innovation Fund, Generation Investment Management, Climate, IMAS Foundation, Ireland Strategic Investment Fund, Harvard Management Company, Colonial, Investments, ABB, Meva Energy, Thomson Locations: California
☆ Australian regulator appeals dismissal of petition against CBA, unit by court
  + stars: | 2022-10-26 | by ( ) www.reuters.com   time to read: +1 min
Oct 26 (Reuters) - Australia's corporate regulator said it had appealed the Federal Court's decision to dismiss its petition against the Commonwealth Bank of Australia (CBA.AX) and its pension unit on allegations of improperly collecting commissions. Last month, the Australian Federal Court dismissed a petition by the Australian Securities and Investments Commission (ASIC) that accused the country's top lender and Colonial First State of a scheme, where the bank took commission to sell products for its unit from 2013 to 2019, a banned practice known as conflicted remuneration. read more"We have appealed this decision because we are concerned that it will limit the operation of conflicted remuneration laws introduced in 2012," ASIC Deputy Chair Sarah Court said in a statement on Wednesday. Reporting by Tejaswi Marthi in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.
☆ Australia court dismisses petition against CBA, unit over banned commissions
  + stars: | 2022-09-29 | by ( ) www.reuters.com   time to read: +2 min
Sept 29 (Reuters) - The Australian Federal Court has dismissed a petition by the country's corporate regulator against Commonwealth Bank of Australia (CBA.AX) and its pension unit on allegations of improperly collecting commissions, the regulator said. However, the dismissal of this petition by the court is a blow to consumer advocates who wanted tougher regulation, and also absolves CBA of some of the most damaging allegations aired at the inquiry. The regulator said on Thursday that the court found that the payments made by Colonial to CBA did not constitute benefits within the definition of "conflicted remuneration". CBA in an emailed response to Reuters acknowledged the judgement, but refrained from commenting any further. ($1 = 1.5420 Australian dollars)Register now for FREE unlimited access to Reuters.com RegisterReporting by Sameer Manekar and Byron Kaye; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.
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