Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Macquarie’s"


7 mentions found


Macquarie sends shareholders a sell signal
  + stars: | 2023-11-03 | by ( ) www.reuters.com   time to read: +2 min
Chief Executive of the Macquarie Group Shemara Wikramanayake, is seen in this handout picture taken in Sydney, Australia in 2022 released on May 5, 2023. Macquarie Group and Alice Boshell/Handout via REUTERS. Acquire Licensing RightsMELBOURNE, Nov 3 (Reuters Breakingviews) - Macquarie (MQG.AX) boss Shemara Wikramanayake knows how to time the market. The two moves seem designed to calm any shareholders nervous about the bank’s dip in fortunes. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Alice Boshell, Shemara Wikramanayake, Macquarie, Antony Currie, Aston Martin, Una Galani, Thomas Shum Organizations: Macquarie Group, REUTERS, Acquire, Rights MELBOURNE, Reuters, X, Pfizer, Thomson Locations: Sydney, Australia, Handout, Macquarie
UK’s leaky water model faces a growing storm
  + stars: | 2023-07-05 | by ( Neil Unmack | ) www.reuters.com   time to read: +8 min
The fallout raises two big questions: whether the regulatory regime works, and whether Britain’s water companies should still be privately owned. Average UK water bills are 448 pounds in the current year, versus 409 pounds in Scotland. One option would be to squeeze water companies – cutting allowed prices, and imposing bigger penalties on those that allow leaks. For the sector as a whole, Ofwat assumes equity comprises 45% of water companies’ 94 billion pound RCV, or 42 billion pounds. Reuters Graphics Reuters GraphicsFollow @Unmack1 on TwitterCONTEXT NEWSThames Water investors have become more “concerned” about the company’s turnaround, the chief executive of UK water regulator Ofwat David Black told a UK parliament committee on July 4.
Persons: Macquarie’s, Severn, Ofwat, Jefferies, David Black, Iain Coucher, , Black, George Hay, Oliver Taslic Organizations: Reuters, Conservative, Thames, Ofwat, Reuters Graphics Regulators, Yorkshire Water, United Utilities, Scottish, Dwr Cymru, Barclays, Reuters Graphics Reuters, Thames Water, Water, Sky News, Thomson Locations: Severn Trent, RCV, Water, Wales, Scotland, Germany, United States, Italy, Ireland, Britain
UK water meltdown resurrects bank crisis dilemmas
  + stars: | 2023-06-29 | by ( Neil Unmack | ) www.reuters.com   time to read: +7 min
The government may take over heavily indebted Thames Water, a hapless privately held utility unable to fund capital needs that may stretch to 10 billion pounds. Under Macquarie’s (MQG.AX) ownership, which lasted from 2006 to 2016, Thames’ debt rose to over 80% of RCV. They’re issued through a vehicle called Thames Water Utilities Finance. Thames Water CEO Sarah Bentley resigned abruptly on June 27. Thames shareholders, led by Ontario Municipal Employees Retirement System, committed in 2022 to provide 1.5 billion pounds of extra funds.
Persons: Ofwat, Rishi Sunak, Gordon Brown, Kemble, They’re, Sarah Bentley, , George Hay, Oliver Taslic Organizations: Reuters, Royal Bank of Scotland, Thames, Ontario, Thames ’, Guardian, UK, RBS, Investors, Water Utilities Finance, Yorkshire Water, SES Water, Sky News, Thames Water, Thomson Locations: , Thames, Yorkshire, Britain’s
The People’s Bank of China lowered its key policy rate — the medium-term lending rate — from 2.75% to 2.65%. It was the first such rate reduction since last August, and largely expected following a surprise cut by the central bank Tuesday to China’s seven-day reverse repo rate. The trimming of the repo rate — also by 0.1 percentage points to 1.9% — marked its first since August. Urban youth unemployment — already at record levels — hit another new high in May, reaching 20.8%. “They need [economic] growth.”The youth unemployment rate could get even worse when a record 11.6 million college students enter the job market this summer, as estimated by the education ministry earlier this year.
Persons: , Jamie Dimon, , , Larry Hu Organizations: Hong Kong CNN, People’s Bank of, Urban, JPMorgan, Bloomberg Locations: Hong Kong, China, People’s Bank of China, China’s
CNN —Australia plans to triple the size of an ecologically important marine park and close off an area larger than Germany to fishing and mining, the government announced Monday, protecting millions of vulnerable seabirds and animals. The remote Macquarie Island Marine Park, located off Australia’s southeastern coast between Tasmania and Antarctica in the Southern Ocean, is set to expand to 475,465 square kilometers (about 184,000 square miles). The wind-swept World Heritage-listed Macquarie Island and its surrounding waters is a site of outstanding geological and natural significance. The plan to expand the marine park was released in February and Monday’s announcement comes after two months of public consultations with more than 14,700 submissions that were 99% in support, according to the government. Darren Kindleysides, chief executive of the Australian Marine Conservation Society, said sanctuaries are vital for marine wildlife, healthy ocean ecosystems and sustainable commercial fisheries.
Persons: Tanya Plibersek, , Fiona Maxwell, , Darren Kindleysides Organizations: CNN, Pew, Albanese Government, UNESCO, Heritage, Australian Marine Conservation Society Locations: Australia, Germany, Macquarie, Tasmania, Antarctica
Hong Kong CNN —Shares in Chinese search giant Baidu rebounded sharply a day after it unveiled ERNIE Bot, its answer to the ChatGPT craze. Its Hong Kong shares fell 6.4% after a public demonstration of its bot failed to impress investors. The reversal came after the company said more than 30,000 businesses had signed up to test out its chatbot service within two hours of its demonstration. Baidu Chairman and CEO Robin Li presenting the company's AI chatbot, ERNIE Bot, in Beijing on March 16. But its stock slumped on Thursday because the demo was “pre-recorded, and not live, which makes investors skeptical about the robustness of the ERNIE Bot,” according to Pau.
M&G would be a tricky hop for kangaroo raider
  + stars: | 2023-03-02 | by ( Neil Unmack | ) www.reuters.com   time to read: +3 min
LONDON, March 2 (Reuters Breakingviews) - M&G (MNG.L) would be a tricky hop for Macquarie (MQG.AX). The $48 billion Australian financial powerhouse may bid for the $6 billion UK insurer. The appeal is likely to be in the fund management group. Macquarie’s own asset management arm accounted for over 30% of net profit in the first half of its current financial year. Follow @Unmack1 on TwitterCONTEXT NEWSAustralian banking group Macquarie is considering a bid for UK insurance and asset management group M&G, Sky News reported on March 1.
Total: 7