Financial Times - Aug 1
Aug 1 (Reuters) -The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Headlines
- Thames Water breaches licence conditions with fresh rating downgrade
- Huw Edwards pleads guilty to accessing indecent images of children
- Rio Tinto chief warns over 'big risk' of large acquisition
- Phoenix and Schroders team up for private markets venture
Overview
- Thames Water has had its credit rating slashed to "junk" status by S&P, putting the struggling utility in breach of its license conditions and pushing Britain's largest water utility closer to renationalization.
- Huw Edwards, the former BBC news presenter who was one of the UK public broadcaster's biggest stars, has pleaded guilty to accessing indecent images and videos of children as young as seven years old.
- Rio Tinto RIO.L Chief Executive Jakob Stausholm said he had no fear of missing out on mining sector deal-making, labelling a potential takeover of rival Anglo American AAL.L as "all-consuming" for the world's second-largest mining company.
- Phoenix Group PHNX.L, the UK's largest savings and retirement business, has teamed up with FTSE 100 asset manager Schroders SDR.L to launch a venture to channel more pension money into fast-growing private companies.
(Compiled by Bengaluru newsroom)
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