A report in yesterday’s Sunday Times newspaper says that a major overseas investor in UK infrastructure with a 20% stake in Anglian Water is considering taking out political risk insurance in the event of the Labour party winning the next election.
According to the report, Australian IFM Investors, which manages the pensions of over 15 million workers globally, is seeking to “guard against renationalisation of key assets.”
“After years of snapping up British infrastructure assets, overseas investors are scrabbling to assess the possible fallout from Corbyn’s economic agenda, which includes nationalising train companies, water and power suppliers,” the Sunday Times says.
The investor-owned fund manager represents more that 310-plus institutional investors, including:
- Pension funds
- Non-pension investment funds
- Government entities, including sovereign wealth funds
- Endowments and foundations
- Universities
- Insurers
IFM acquired its stake in Anglian Water in 2006. Other UK infrastructure investments held by IFM include a strategic stake in Manchester Airports Group and the M6 Toll road.
Describing its approach to investment, which includes a long-term investment time horizon and a focus on responsible investment, the investor-owned fund manager says:
“We take a patient, prudent, long-term approach to investing and we have a genuine commitment to add value to investments in a sustainable, long-term manner.”
bNovate has launched BactoCloud, a secure cloud-based platform that connects and manages its BactoSense instruments, enabling real-time monitoring and optimization of microbial water quality.
Amiblu, a global leader in Glass Reinforced Plastic (GRP) pipe systems for wastewater, stormwater, drinking water, irrigation, hydropower, and industrial applications, has announced the appointment of Martyn Turton as its Sales Director for the UK & Ireland, driving strategic market development in the infrastructure and water sectors, effective immediately.
As a project manager at Metasphere, a Grundfos-owned remote telemetry company at the cutting edge of innovation, Fey McHarg, has witnessed firsthand how the intelligent harnessing of data, specifically through the data-as-a-service model, is fundamentally reshaping and revolutionising the water sector.
Attendees at next month’s National Civils Show, Floodex, National Drainage Show and Waterways Management on 26th and 27th November are set to benefit from an expert speaker line-up and the opportunity to visit a wide range of exhibitors all co-located in one place at Excel, London, one of the UK’s leading international exhibition and convention centres.
Hear how Scottish Water has completed its £235 million Ayrshire Glasgow Resilience Project - customers across Greater Glasgow, Ayrshire and East Renfrewshire will now benefit from a more secure and resilient water supply.
Hear how United Utilities is accelerating its investment to reduce spills from storm overflows across the Northwest.
Find out more about the remarkable career opportunities on offer at WSP - scroll down to watch the inspirational video.