Bottom Line: Low water marks
Wednesday 22 June 1994
At least at Wessex Water, the last of the companies to report, a pat on the back may be justified. But Severn Trent, Thames, and the 900 workers facing redundancy at Anglian, are learning the hard way about the need for performance.
The wasted investment on disastrous diversifications at home and overseas has been all too evident in the latest batch of figures.
Water companies deserve no praise for trimming back their costs now.
They have had a pretty generous ride from the regulator, a point that won't be lost on Ofwat's Ian Byatt when he announces the new 'K' factors.
Shareholders have had a good deal out of their investment in water companies, so perhaps it is time for Mr Byatt to redress the balance by keeping price rises and costs down.
Emergency landing at Heathrow sparks further controversy over London airport capacity
Unrest may spread across Europe, warns Red Cross chief
French government seeks to ban extreme right-wing group
BNP and EDL accused of attempt to fuel racial hatred after Woolwich terror attack
You want to get an Eton scholarship? All you need to do is answer four (not so simple) questions
- 1 What, let gays get married? We must be bonkers
- 2 Rocky Horror star Tim Curry 'suffers major stroke'
- 3 Exclusive: How MI5 blackmails British Muslims
- 4 Lord of the Sings: Sir Christopher Lee, 91, to release heavy metal album
- 5 Exclusive: Woolwich killings suspect Michael Adebolajo was inspired by cleric banned from UK after urging followers to behead enemies of Islam
BMF is the UK’s biggest and best loved outdoor fitness classes
Find out what The Independent's resident travel expert has to say about one of the most beautiful small cities in the world
Nook is donating eReaders to volunteers at high-need schools and participating in exclusive events throughout the campaign.
Get the latest on The Evening Standard's campaign to get London's children reading.
Win anything from gadgets to five-star holidays on our competitions and offers page.