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Southern Water secures £655m in new equity investment


By Michael Griffiths

Southern Water has received a commitment from its majority shareholder to invest £655m in additional new equity.

The investment will be made via a consortium led by funds managed by Macquarie Asset Management


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WH Smith reduces sale of high street business by £12m

WH Smith has completed the sale of its UK high street business to Modella Capital for a smaller valuation than initially agreed

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Sainsbury’s reaches highest market share in nine years

Sainsbury’s has reported a 4.9% annual jump in sales in its Q1 results, as the supermarket giant also hailed its highest market share since 2016

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Centrica to take 15% stake in Sizewell C nuclear plant

British Gas owner Centrica is set to take a 15% stake in the planned Sizewell C nuclear plant in Suffolk, according to reports

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Shell denies BP takeover talks

Shell has denied recent media speculation that it is in talks to buy BP following reports of a potential £60bn takeover

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Moonpig profits up but share price falls on CEO departure announcement

Moonpig has posted a 3% jump in gross profit to £208.6m in its full-year results, while its total revenue rose by 2.6% to total £350.1m

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Victoria secures new £130m refinancing deal

Carpet and flooring manufacturer Victoria has reached an agreement on a new £130m super senior facility

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BNP Paribas Cardif completes acquisition of AXA IM

BNP Paribas Cardif has finalised the acquisition of AXA Investment Managers (AXA IM) and signed a long-term partnership with the AXA Group to manage a large part of its assets

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Babcock profits surge as CEO signals ‘new era’ for defence

Babcock International has posted a 51% surge in operating profit to £363.9m in its preliminary full-year results, as the group’s CEO hailed a “new era for defence”

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Cost savings help Halfords beat profit expectations

Halfords has reported a stronger than expected performance in its full-year results as the group was aided by a cost savings drive

Drax Group appoints new CFO

Drax Group has announced the appointment of Frank Lemmink as its new chief financial officer (CFO)
Bunzl trading ‘in line’ with expectations

Bunzl has reported it is currently trading in line with expectations, after working alongside a macroeconomic backdrop that "remains uncertain"
Marston’s announces incoming CFO

Marston’s has appointed Stephen Hopson as the company’s new chief financial officer (CFO)


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