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SHOCKING: 5 | Mind Blowing Facts

Australian CEOs made less in 2023-24 but still earned on average 50 times a typical worker’s wage

Audit finds chief executives of 100 largest listed businesses are more likely to be sacked than lose their bonuses

The Guardian - AU

Debt, sewage and dividends: the rising tide of Thames Water’s troubles

In the second part of our focus on the water industry, we chart the decline of one of the UK’s major utility companies, now on the brink of restructuring or renationalisation

The Guardian - UK

France's soaring debt could lead to calls to leave the EU, a top bank warns

Far-left and far-right parties from the political fringes have proposed economic plans that centrist figures ripped as excuses to exit the European Union.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Wests Rosellas won't take any half-chances with veteran playmaker

'We'll probably hold him back until next week'

Newcastle Herald

Water investors have withdrawn billions from private companies, analyst claims

Shareholder investment in top 10 water and sewage firms has decreased by £5.5bn since privatisation. while dividend payments have increased to £72.8bn

The Independent UK

Macquarie Group Monitors Protectionism In US, EU Elections

Macquarie Group analyzes impact of rising protectionism in US and EU elections on global economy and financial markets.

Top News

Australian shares rise as risk appetite returns

The ASX200 closed the day 0.6 per cent higher, with all sectors gaining ground, to finish the week 0.7 per cent higher.

AAP

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How UK's Biggest Water Supplier Sank Into Crisis

Thames Water, the UK's largest water supplier, has been ravaged since privatisation by soaring debts and chronic underinvestment, sinking into a deep financial crisis which has sparked bailout speculation.

International Business Times

Australia’s Macquarie among lenders to Thames Water’s parent company

Controversial investment bank could play important role in fate of Britain’s biggest water firm

The Guardian - UK

Bodying Up to the Magnificent '3 Body Problem,' the Bold David Ellis, the Rediscovered Sublime, the Surging CTV Biz and the Victorious Dawn Staley

Also in this week's 'Next Text,' we throw some deserved shade at the far right culture warriors at 'OutKick'

Broadcasting & Cable

The Observer view: there is still a way to save Thames Water from financial oblivion

The formation of a company solely dedicated to providing cheap, clean water is the best way out of this debacle

The Guardian - UK

‘I’ve seen solid waste float by’: Surrey riverside residents try to Stop the Poo

The sewage treatment works at Horley seem to be crumbling, much like owner Thames Water itself

The Guardian - UK

30 Most Powerful Women In Business: The Titans Of Industry

Here are the women, who are forging paths and breaking barriers across industries, showcasing exceptional leadership and innovation.

International Business Times

Aust close slightly lower, with more weakness from CSL

The local bourse has closed 0.15 per cent lower, with gains by the retail banks outweighed by losses from Macquarie, James Hardie, CSL and Seek.

AAP

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The Guardian - UK

Thames Water’s owners only have themselves to blame for the writedowns

It looks as if USS simply overpaid and underestimated the effort and catch-up investment required

The Guardian - UK

Thames Water apologises to MPs for ‘confusion’ over £500m loan

Labour MP calls firm’s finances an ‘absolute shambles’ as Ofwat vows it is prepared to put it into administration

AAP

'Cozzie livs' chosen as Macquarie's word of the year

Macquarie Dictionary has selected 'cozzie livs' as its word of the year, reflecting a humorous and informal term for cost of living.

The Guardian - AU

Cozzie livs: light-hearted term for cost-of-living crisis named Macquarie dictionary word of the year

Skimpflation and blue-sky flood were also among the editors’ top picks, while Australians voted for generative AI

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Pedestrian.tv

Macquarie Dictionary Just Went Full ‘Goblin Mode’ With Its Latest Batch Of New Word Additions

A bunch of iconic “Gen-Z” phrases have made it into the ninth edition of the Macquarie Dictionary. Guess this means I can use “goblin mode” in our headlines and you can’t stop me!!! As a Gen-Zer who is chronically online, I absolutely overuse a bunch of colloquial terms that don’t…

The Guardian - AU

Barbiecore and ‘spicy cough’: pop culture and the pandemic deliver updates to the Macquarie Dictionary

‘Goblin mode’, situationship and pyrocumulonimbus among 3,000 new entries to the ninth edition

The Guardian - UK

Southern Water owner Macquarie invests further £550m

Australian investment bank funds troubled UK utility’s overhaul of pipes and sewage works

Fortune

Microsoft's new A.I. tool could bring in $14 billion in revenue if it has modest success

The Wall Street firm's estimates mean that Microsoft could instantly recoup its $13 billion investment in ChatGPT-maker OpenAI.

Evening Standard

London faces water rationing ‘imminently’, claims leading environmentalist

River Action chief executive James Wallace made his comments at a Greater London Authority hearing about Thames Water.

Evening Standard

Inside the capital’s water crisis — are Londoners’ taps about to run dry?

After years of piling on debt and sucking out profits to pay shareholders rather than improve infrastructure, Thames Water is near collapse — leaving the city 24 hours away from having its supply turned off. Claire Cohen investigates

The Guardian - UK

Private equity is failing water companies again. Get these firms back on the stock market

Listing would allow the market to be admirably brutal – inflicting pain on the owners and forcing management changes

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