Pennon to raise £550 million in rights issue, rebase dividend for water upgrade

Most estate plans written before this year that contain a formula funding clause are now doing something their authors never intended. The One Big Beautiful Bill Act (OBBBA), signed in July 2025, set the federal estate, gift and generation-skipping transfer (GST) tax exemption permanently at $15 million per individual and $30 million for a married…

Sep. 14: Verification, Non-QM, Processing, Agentic AI Tools; LOs as Financial Strategists; Equity Study Yes, the college game was amazing Saturday night here in Austin, but there’s also IMN’s HELOCs & Second Liens event. The markets know that it is a hot topic. Do “the markets” care about a $40 trillion U.S. deficit?…

Margin loans at Hong Kong securities brokers rose 28% in six months to HK$276.3 billion (about $35.5 billion), the Securities and Futures Commission (SFC) said today (Tuesday). The balance stood at HK$216.4 billion at the end of December. The regulator’s half-yearly review of the industry also showed pre-tax profit at securities dealers and margin financiers…

Consumer bankruptcies climbed 4.6 per cent year over year, rising from 29,068 to 30,417 filings. Consumer proposals, a legal process that allows an individual to negotiate a formal settlement with creditors under revised terms, grew at a more modest 1.5 per cent, from 108,635 to 110,252. The faster growth in outright bankruptcies is a notable…

This morning I filed an amicus brief in support of the mandamus petition filed regarding the New Jersey bankruptcy court’s venue decision in the Multi-Color Corporation’s chapter 11. It’s no secret that New Jersey has become on of the favored forum-shopping venues for large chapter 11 cases. It’s still not the premier filing venue, but…