Incoming UK PM Burnham’s battle with Wall Street over Thames Water risks a GBP 20bln bill, reports The Telegraph
This report indicates potential conflict between incoming UK PM Burnham and hedge funds over Thames Water, which could lead to substantial financial repercussions if nationalization is pursued.
China coast guard says Philippine rubber boat dangerously approached and rammed into Chinese patrol boat; Philippine personnel first attacked Chinese law enforcement with paddles and sticks
Hamas names Khalil Al Hayya as new leader
Incoming UK PM Burnham’s battle with Wall Street over Thames Water risks a GBP 20bln bill, reports The Telegraph
IREN (IREN) signs USD 2.8bln new contracts and raises its end-FY26 AI Cloud ARR target to over USD 4bln (prev. guided USD 3.7bln)
Headline PCE is expected to decline -0.07% for June, lowering the 12-month rate to 3.7%, reports WSJ's Timiraos citing forecasters who transpose PPI and CPI into PCE
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
- If he attempts to nationalise Thames Water, industry sources warn that he risks a significant backlash from hedge funds that have spent the last two years trying to seize control of it.
The GBP 20 billion figure highlights the stakes involved and suggests heightened geopolitical risk, which could impact GBP and related asset classes as confidence in UK governance wavers amidst market tensions.
Related headlines
- Russian sanctions bill said to be on track to pass the Senate voteAug 07
- US Treasury Secretary Bessent says strong Q3 growth expectations further show that the economy is positioned to accelerate; Today’s jobs report understates the underlying strength of the real economyAug 07
- Newsquawk Weekly US Earnings Estimates - 10-14th August 2026: Earnings calendar thins significantly next week; CSCO and AMAT the highlightsAug 07
- Newsquawk Weekly US Earnings Estimates - 10-14th August 2026: Earnings calendar thins significantly next week; CSCO and AMAT the highlightsAug 07
- Newsquawk Week In Focus - 10-14th August 2026 - Highlights include: US CPI, US Retail Sales, RBA, BoJ SOO, and UK GDPAug 07
- Intel (INTC) appoints Dean Jarnac as Executive Vice President and Chief Sales Officer, effective September, reporting to CEO, Lip-BuTanAug 07
- Illinois Tool Works (ITW) announces a 7% dividend increase alongside a USD 6bln share buyback programme.Aug 07
- Newsquawk Daily US Earnings Estimates - 10th August: SPG, FERG, RKLB, HIMSAug 07
- Fed Cook's lawyer says there is no valid cause for removing Cook; will challenge the latest pretext and preserve Cook's position and role at the FedAug 07
- Houthis says have struck Saudi-backed forces, depots, and military equipment with central Yemen, MaribAug 07
- Baker Hughes rig count: Total unch at 588, oil +3 at 454, nat gas -3 at 124Aug 07
- US President Donald Trump is moving forward with his attempt to remove Lisa Cook from the Federal Reserve over unproven allegations of mortgage fraud, ABC reports, citing sourcesAug 07
- Iraqi Islamic Resistance says we postponed the response to Saudi Arabia, Fars reportsAug 07
- OpenAI slows release of Astra model citing cyber capabilities, reports AxiosAug 07
- US President Trump says hosting state dinner for China's President Xi when he comes; China has very little involvement with Iran4 days ago
- Newsquawk Daily Asia-Pac Opening News - 4th September 20265 days ago
- China's Vice-Premier Ding Xuexiang meets with Russia's President Putin in Vladivostok6 days ago
- Iran's President says Iran is to increase gasoline prices; Iran is ready for cooperation and understanding with regional countries, including Saudi Arabia and the UAE.Aug 28
- Panama Canal Authority says some vessels have paid more than USD 1mln at auction to secure transit slots, reflecting specific market needs and the value of avoiding delays, with auction prices increasing as global trade supply and demand patterns shift Aug 25
- UK PM Burnham says regarding Ukraine that we're not a fair weather friend and we're here for the long haul, while he ruled out a general election this year, but won't rule out tax increases in the Budget, according to an interview with ITVAug 24
The whole workspace, free to try.
Try it free