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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.

Business week in review

In profit...

Investment Insider: Boring utilities but exciting returns

Water, gas and electricity can power your investment

Ben Chu: Water, water everywhere – but where is there any benefit for customers?

Outlook The City's mouth is watering. A takeover bid for Severn Trent from a consortium of pension funds and a sovereign wealth pot is stimulating juices in the Square Mile. Large fees for investment banks and, naturally, profits for speculators are in prospect if the £5bn-odd approach to buy the water company, which unveiled its full-year results yesterday, is successful. The other two other listed water utilities could also soon be in play too, slather the bulls.

Severn: We’re worth £1bn more than bid approach

Severn Trent, the water giant which this month rejected a Canadian and Kuwaiti takeover approach, today told investors it’s worth almost £8 billion — nearly £1 billion more than the price thought to have been offered by the foreign bidders.

Imogen Downing has been a regular visitor to IGGY since being introduced to it toward the end of last year

It’s a ‘like’: The IGGY networking site for smart pupils is a hit

‘Clever Facebook’ project which hopes to entice foreign students here gets a thumbs-up

A flood of cash to buy up the water companies

There's a growing list of potential bidders – but are they tapping into too much risk? Mark Leftly reports

Water giant United Utilities sees profits leap to £305m

United Utilities, the country’s biggest listed water company, showed today just why there is so much takeover interest in the sector with an 8.7 per cent jump in pre-tax profit to £304.7 million.

Severn snubs £5bn bid but City feels fresh offer likely

Severn Trent today rejected a takeover approach worth up to  £5 billion from a consortium of foreign investors, saying it “completely fails to recognise the existing and potential value” of  the FTSE 100 water supplier. However, the City predicted another bid would emerge.

Market Report: Experts pour cold water on bid talk

Traders have spent this year trying to flush out takeover deals for water groups including Pennon and United Utilities. But yesterday experts at HSBC washed out any hope of M&A, blaming regulatory uncertainty as the cause.

The Business Matrix: Thursday 18 April 2013

Drop in profits for Falklands

Market Report: Miners subside after gold price plunge

Getting on the wrong side of your regulator is a bad idea. Particularly  in financial services

Severn Trent to flush out new chief after Tony Wray announces retirement

The starting gun was fired today on the race for one of the biggest jobs in the UK water industry.

Investment Insider: Best bets to sail through economic doldrums

In a few weeks time we will know if the UK has entered a dreaded triple-dip recession. So wouldn't it be good if you could assemble a portfolio of shares that could weather an economic downturn?

The Business Matrix: Thursday 29 November 2012

More Comet stores to close

Severn Trent prospers as the prices tap is opened

The cold, wet summer meant no need for extra watering on farms or gardens, sending Severn Trent’s water consumption down nearly 3% in the six months to October.

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