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On-site renewable energy outfit Atrato Onsite Energy announced plans to pursue an initial public offering on the London Stock Exchange and take advantage of the expected doubling of UK electricity demand by 2050.
Rubix Group Holdings has confirmed its intention to float on the London Stock Exchange's main market via an initial public offering aimed at institutional investors outside the US.
Tax law experts claim that British taxpayers will end up subsidising US private equity outfit Clayton Dubilier & Rice's $7bn takeover of Morrisons. On Saturday, MPs and tax campaigners said the deal "stinks" and will probably see the grocer pay less in taxes to the Exchequer. According to Richard Murphy, of Sheffield University Management School: "If CD&R put the debt on to Morrisons to buy it, then the profits are reduced due to the interest payments sent offshore.
The Renewables Infrastructure Group is to raise £200m by issuing new shares, the investment firm said on Wednesday, to pay down amounts drawn under its revolving credit facility and to fund investment in Iberia.
