England





Fossil Fuels

Natural Gas Utilities

Macquarie and Federated Hermes begin talks over Cadent stake sale, says source

Macquarie Property Management and U.S.based Federated Hermes are checking out the potential sale of a combined 1.3 billion pound ($ 1.64 billion) stake in UK gas network operator Cadent, a source close to the matter told . The possession management division of Macquarie Group manages a more than 26% stake in Cadent and is in early phase talk with offer a 5% holding while Federated Hermes is looking to decrease its 13% stake to 8.4%, the source stated. The proposed sale, first reported by the Financial Times, comes as Britain seeks to phase out use of natural gas as part...

Mineral Resources

Mineral Resources

Madagascar president's previous aide imprisoned for providing mining licence for kickbacks

Malagasy President Andry Rajoelina's previous chief of staff was imprisoned for 3 and a. half years by a London court on Friday for providing to help. gemstone miner Gemfields win financially rewarding mining. rights in exchange for considerable kickbacks. Romy Andrianarisoa, 47, was accused of utilizing her position. and distance to Rajoelina to seek considerable payments from. Gemfields between 2021 and 2023. You abused your position of considerable trust or. duty as chief of personnel, Judge Christopher Butcher. said while passing sentence. Andrianarisoa entered contact with Gemfields CEO Sean. Gilbertson in 2021 and offered to help the business expand its....