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UBS - In The Stink

Dripping Tap

Thames Water has appointed UBS as lead advisor to raise the $6.57bn in debt and equity finance required to construct the Thames Tideway Tunnel, the so-called 'Super Sewer'.

UK Expected to Emerge From Recession on Back of Olympics Bounce

London 2012 Olympic Gold Medal

Britain is this week expected to emerge from recession, with the Olympics providing a much needed boost to the economy in the third quarter. Analysts expect a 0.6% rise in GDP, lifting the economy out of the longest double-dip recession since the second world war. GDP declined over the previous three quarters.