More clout

IBERDROLA has sold 78 per cent of its Mexican business interests to one of the country’s publiclyowned companies for €5 billion. The sale follows regulatory problems ­ and what were described as confrontations ­ with Mexico’s president, Andres Manuel Lopez Obrador.

The move will give the energy giant more financial clout and fits in with growth plans for networks and renewables in the United States and Europe.

It will also improve debt ratios while strengthening the company’s financial positioning, the group’s Chief Financial Officer, JoseSainz, said.

Others Think It

I’VE never had much respect for politi‐cians. Back in the 60s I witnessed a number of the ‘Old Boys’ club mem‐bers with their trousers down, both metaphorically and in reality. Well I re‐member a prominent London MP rushing up to me at a Chelsea party.

Clad in a string vest and very ques‐tionable Y Fronts, he implored me to ‘take over upstairs’. Apparently the nu‐bile and extremely eminent London agent he was cavorting with had be‐come rather too much for him. I didn’t accept his offer I may add!

Another told me he thought smok‐ing marihuana was ‘such fun!’ No I’m afraid politicians in general have never impressed me much. Boris and Party‐Gate was a mere bagatelle!

There is one overriding problem with the elder male occupants of the Westminster power corridors. The ma‐jority went to public school. These male dominated institutions meant that its students never really learned to mix with the female of the species. Their only experiences with the oppo‐site sex were annual school dances and over bearing Nannies. This accom‐