A payment company supported by Nick Candy, the treasurer of the British reform, will announce this week a link with a counterpart based in London in the middle of a quickly changing industry. Sky News learned that Vibepay, in which Candy Ventures is the largest shareholder, has concluded an agreement to sell herself in Banked, … Read more
The UK’s largest water company has been fined £18.2m for “unjustified” dividends which the regulator said broke shareholder payment rules. Thames water has been hit with a penalty by water regulator Ofwat over £195.8 million in dividends paid in October 2023 and March 2024. This is the first time Ofwat has used such enforcement powers … Read more
Thames Water’s largest group of creditors has failed to secure a veto over whether a £3bn emergency cash injection would be used to settle regulatory fines imposed over a series of breaches in terms of environment and performance. Sky News can reveal a clause stipulating the company’s A lenders – who account for well over … Read more