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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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Disney’s 4Q Profit Surges Past Estimates as Movies and Streaming Fuel Growth

Key Takeaway: Disney’s fiscal 4Q earnings beat expectations with strong gains from blockbuster films and a second profitable quarter for Disney+, forecasting further growth for the next three years.

 Walt Disney Co reported a strong fourth quarter, with earnings per share at $1.14, surpassing analyst predictions of $1.10. Disney projects high-single-digit growth in 2025 earnings and double-digit growth in 2026 and 2027, signaling confidence in its long-term profitability. Shares rose 10% in premarket trading.

Disney’s success this quarter was driven by hit films like Inside Out 2 and Deadpool & Wolverine, alongside improved profitability in its streaming business. Disney+ subscribers reached 158.6 million, slightly above estimates, with some decline expected in early fiscal 2025 due to price adjustments. The direct-to-consumer segment, including Disney+, Hulu, and ESPN+, posted a $321 million profit, outpacing Wall Street’s $202.9 million forecast.

While Disney’s traditional TV networks, such as ABC and FX, continue to face challenges, the company’s streaming and film divisions remain strong. Disney plans to enhance Disney+ by adding an ESPN tile on Dec 4, offering subscribers integrated access to sports.

The theme parks unit saw a minor decline in operating income, but Disney anticipates 6% to 8% growth in this segment next year, supported by two new cruise ships. Disney also plans a $3 billion share buyback in 2025 and intends to increase dividends in line with earnings growth.

CEO Bob Iger’s turnaround strategy has emphasized cost-cutting, price hikes, and content quality. Disney also plans to announce a successor for Iger by early 2026, with James Gorman, soon to be Disney’s chairman, leading the search.

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