Business

Carlyle, the American investment giant, has become the latest global fund to weigh an investment in Thames Water as the stricken utility races to avoid being nationalised. Sky News has learnt that Carlyle, which has roughly $435bn in assets under management, is at the very preliminary stages of assessing whether an investment in Thames Water
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The private equity giant which owns a stake in rugby’s Six Nations Championship is weighing a bid for a stake in one of Britain’s biggest online travel agents. Sky News has learnt that CVC Capital Partners is among the suitors considering making an offer to become a partial owner of Loveholidays. The travel company, which
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One of the UK’s largest water companies is considering shipping supplies from Norway to the UK. Southern Water said the idea was a “last-resort contingency measure” in case of extreme droughts in the early 2030s. Up to 45 million litres per day could be brought to the UK in tankers under the proposals. The Financial
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The fallout from parasite-contaminated water in part of Devon cost South West Water £16m, the utility has revealed. It had to implement a boil water notice when people in the Brixham area became sick after diarrhoea-causing cryptosporidium was found in a reservoir in May. The notice remained in place for eight weeks with roughly 17,000
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The threat of further widespread train strikes has been lifted after union members voted overwhelmingly for a new pay deal with train companies and Network Rail. It was confirmed that members of the Rail, Maritime and Transport union (RMT) had joined their driver colleagues within the ASLEF union in accepting new offers after more than
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The boss of BrewDog’s bars division is to become the next chief executive of Prezzo, the privately owned casual dining chain. Sky News understands that James Brown, whose resignation from BrewDog was announced on Wednesday, is leaving to run the restaurant operator. Industry sources said his appointment would be unveiled by Prezzo on Thursday. Prezzo,
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