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Thames Water's future is becoming increasingly uncertain after its business plans are said to be “uninvestable” and vital funding is withheld. The water utility continues to negotiate with regulator Ofwat to tackle its £18bn debt as investors in the company propose to invest around £3bn over several years. However, feedback from regulators has made Thames Water's business plans “uninvestable” if implemented. Negotiations are currently underway to prevent the company from going bankrupt, which could lead to nationalization. Shareholders said in a statement that Thames Water's plans would be the biggest ever investment program for a UK water company, with total…

CFOs of family-owned businesses often wear multiple hats, and that's certainly the case for Mert Zorlular of distributor Er-Kim Pharmaceuticals. Mr Zorlar became financial director of the family business in 2019, shortly after his father passed away. In addition to CFO, he also assumes other responsibilities commensurate with his role, including overseeing operations as COO and Chairman. Erkim, who is headquartered in Istanbul, Turkey, has been working for years to make life-saving medicines more accessible, but the mission felt personal given his father's illness. In an interview with StrategicCFO360, Zorlular, who is based in London, UK, spoke about the importance…

June 12, 2020Updated March 28, 2024The UK economy slipped into recession in the last three months of 2023, official figures show.However, the Bank of England has since suggested that the downturn may already be over.Chancellor Rishi Sunak said economic growth was one of his five key priorities.How do you measure the health of your economy?The Office for National Statistics (ONS) publishes figures for the UK's Gross Domestic Product (GDP). This is the value of all goods and services produced by the UK.In normal times, a country's economy grows, its GDP increases, and as a result its average income increases.However, sometimes…

April 26, 2011Updated March 28, 2024image source, Getty ImagesGross domestic product (GDP) is an important tool for determining whether an economy is doing well or poorly. This allows governments to calculate how much they can tax and spend, and helps companies decide whether to expand and hire more people. The latest figures confirm the UK economy will fall into recession at the end of 2023 after gross domestic product (GDP) fell for three months in a row for the second consecutive quarter. What is GDP and how is it calculated?GDP is a measure of all economic activity of a country's…

The Children's Commissioner's term is now more than halfway over. Next year will be a crucial year for children's rights, with a general election and a new government (whichever party comes to power) with a new mandate to develop an ambitious vision of what childhood looks like and to put children's rights at the heart of policy-making. Therefore, the office was opened in September 2023 Big ambitions We will hear directly from children, young people and parents across the country about their hopes, dreams and aspirations. As a result, the focus of this year's business plan is on driving change…

Crowdfunding allows entrepreneurs to raise funds for their small businesses using an online platform. After creating a fundraising campaign, interested people can donate cash to your cause, often in exchange for a reward or equity in the business.Crowdfunding is Small Business LoansNot only does this provide business owners with a relatively cheap way to raise capital, but it also helps promote their business products and services and build a loyal customer base.To better understand the unique needs of your business, we'll begin by completing a short survey.Once you find your perfect match, our team will be happy to guide you…

With the Bitcoin halving event just around the corner, it certainly seems like we are on the cusp of something big. While everyone is focused on the soaring price of Bitcoin (BTC) and its potential for record highs, the ramifications are far-reaching. They will impact all corners of the crypto market and could even signal the end of the four-year bull/bear cycle in cryptocurrencies.This feature is part of CoinDesk's “Future of Bitcoin” package, published to coincide with Bitcoin's fourth “halving” in April 2024. Daniel Polotsky is the founder of CoinFlip.But it's not just about numbers. It's about the potential for…

From YEC A culture of trust allows employees to take ownership of their roles.getty A culture of trust within the organization is key. This not only strengthens team cohesion and strength, but also empowers employees to take ownership of their roles and ultimately build a stronger business. However, trust doesn't just happen. Fostering a culture of trust requires intentional action from company leaders. Here, YEC members share their best strategies for building trust. Let's learn from their example. What is one effective way for business leaders to make trust an important part of their company culture? 1. Be transparent Be…

Every small business can benefit from a Facebook presence. With more than 2.91 billion monthly users, Meta – the Facebook company’s new name – gives small businesses many ways to promote their services, increase customer support, and boost sales and recognition through their Facebook platform.Using Facebook for your small business may seem challenging because the platform’s rules and algorithms change frequently. However, with the right strategies, Facebook is one of the best ways to use social media for business.One of Facebook’s biggest strengths is allowing you to target a specific audience through paid campaigns and advertisements. The platform maintains a…

NEW YORK, March 28, 2024 (GLOBE NEWSWIRE) — Today, Verizon announced it has joined RE100, a global initiative bringing together the world's most influential companies committed to 100% renewable electricity. Did. Led by the Climate Group and in collaboration with CDP, RE100's mission is to accelerate change toward a zero-carbon grid at scale, and Verizon is proud to support this goal. As previously announced, Verizon aims to source 100% of its annual electricity use from renewable energy by 2030, with an interim goal of 50% by 2025. “At the core of our business, Verizon benefits the communities in which we…