News

Apple's disappointing update this week sent shares in most of its suppliers tumbling, but smartphone parts maker Laird got City approval after its strategy update yesterday.

BT blasts Ofcom over 'unfair' new rules benefiting rivals

BT has hit out at industry regulator Ofcom for imposing what it described as “unfair” rules on Britain’s biggest telecom company, claiming that they benefit rivals such as BSkyB and TalkTalk who gain wholesale access to its network at “artificially low prices”.

Severn Trent hikes dividend despite profit drop as the company vows to keep water bills down

Severn Trent saw underlying pre-tax profits drop 5.8 per cent to £141.3 million for the six months to October

Liv Garfield, Chief Executive, Severn Trent

Page 3 Profile: Liv Garfield, Chief Executive, Severn Trent

She looks like a smart cookie...

Liv Garfield has led BT's expansion of its fibre-optic network as boss of its Openreach division

Telecom star Liv Garfield set for splash landing

Liv Garfield, head of BT Openreach, will become only the fifth female CEO in the FTSE 100 when she takes over at Severn Water

Market Report: Bid talk washes round water giants

As the rain poured down yesterday, traders sloshed about in old takeover bid rumours about water companies, which promptly launched Severn Trent and United Utilities to the top of the FTSE 100.

Flooding in Godmanchester, Huntingdon

Flash floods and series of heavy thunderstorms mark end of heatwave

A month's rain fell in just a few hours in some areas

Heatwave death toll: Up to 760 killed and total may double as temperatures above 30C set to continue

The heatwave has been responsible for as many as 760 deaths, according to official calculations, as the UK enters the sixth day of plus-30C temperatures.

Mitcham Common fire

Wildfire warning: Heatwave death toll as high as 760 - and farms at risk

UK experiences sixth consecutive day of over 30C temperatures

The Business Matrix: Thursday 18 July 2013

Severn Trent runs up £19m legal bill

Business week in review

In profit...

City optimism punctured as hopes fade for £7bn deals

Merger of Britvic and Irn-Bru in doubt while Severn Trent suitors walk away from bid

Market Report: Severn Trent dives as bid failure looms

Severn Trent shares fell almost 6 per cent as it appeared increasingly likely that a £5.3bn takeover bid from the LongRiver consortium, which is made up of Ontario pension fund Omers' infrastructure arm Borealis, the Kuwaiti Investment Office and the UK Universities Superannuation Fund, would fail.

What The Sunday Papers Said

Independent on Sunday: The UK needs national talent bank

Severn Trent rejects fresh bid from LongRiver consortium

Shareholders hold firm for a third time despite £5.3bn approach for water giant

Severn Trent spurns increased bid

Severn Trent today rejected a foreign consortium’s second takeover bid, this time worth  £5.1 billion, saying that its board had “unanimously concluded” the offer failed to “recognise its future potential”.

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