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Southern Water Downgraded to Junk by Moody’s Amid Water Industry Challenges

Key Takeaway: Moody's downgraded Southern Water to junk status , citing financial and operational underperformance, compounding the broader issues facing the UK water sector. Southern Water Ltd’s credit rating was downgraded to junk by Moody’s , with a warning of potential further cuts due to its weak performance history and financial challenges. This downgrade impacts the company’s ability to raise the £4 billion in new debt and £650 million in equity required for its capital plans. The UK water industry is facing heightened scrutiny due to concerns over chronic leaks, sewage spills, and high-interest rates. Southern Water, which supplies over two million people in England, could face severe penalties from the regulator Ofwat , which may limit funds for essential upgrades. Following the downgrade, Southern Water’s 2026 bonds dropped 2.7 pence to around 85 pence on the pound. Despite the rating cut, Southern Water assured customers that services would continue unaffected, hig
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AMD Cuts 4% of Workforce to Bolster AI and Data Center Focus

Key Takeaway: AMD is cutting approximately 1,000 jobs as part of a strategy to shift resources towards AI and data center markets, areas where it faces tough competition from Nvidia.

Advanced Micro Devices Inc. (AMD) announced it will reduce its global workforce by about 4%, primarily affecting sales and marketing roles tied to consumer and gaming PCs. The move reflects AMD's strategic pivot towards high-growth sectors like AI processors and corporate data centers.

This workforce reduction is part of AMD’s broader push into AI-driven technology, where it aims to challenge Nvidia’s market dominance. Despite the layoffs, the company is continuing to hire selectively in areas aligned with its growth priorities.

AMD joins other tech giants like Cisco and Intel, both of which have recently announced significant layoffs as they restructure to focus on emerging tech markets.

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