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.

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.

Life and Style
Small winemakers say the restriction makes it hard to sell overseas
food + drink
Arts and Entertainment
A comedy show alumni who has gone on to be a big star, Jon Stewart
tvRival television sketch shows vie for influential alumni
Arts and Entertainment
Jerry Hall (Hand out press photograph provided by jackstanley@theambassadors.com)
theatre
Arts and Entertainment
Carrie Hope Fletcher
booksFirst video bloggers conquered YouTube. Now they want us to buy their books
News
Clare Balding
peopleClare Balding on how women's football is shaking up sport
Sport
Lewis Hamtilon and pole-sitter Nico Rosberg
SportShould F1's most aggressive driver curb his instincts in title decider?
Arts and Entertainment
Damien Hirst
artCoalition's anti-culture policy and cuts in local authority spending to blame, says academic
Sport
premier leagueMatch report: Arsenal 1 Man United 2
Arts and Entertainment
Kirk Cameron is begging his Facebook fans to give him positive reviews
film
News
i100
Career Services

Day In a Page

Independent Travel
Bruges
Lake Como
Burgundy
South AFrica
Paris
Northern Corsica
Prices correct as of 21 November 2014
Mau Mau uprising: Kenyans still waiting for justice join class action over Britain's role in the emergency

Kenyans still waiting for justice over Mau Mau uprising

Thousands join class action over Britain's role in the emergency
Isis in Iraq: The trauma of the last six months has overwhelmed the remaining Christians in the country

The last Christians in Iraq

After 2,000 years, a community will try anything – including pretending to convert to Islam – to avoid losing everything, says Patrick Cockburn
Black Friday: Helpful discounts for Christmas shoppers, or cynical marketing by desperate retailers?

Helpful discounts for Christmas shoppers, or cynical marketing by desperate retailers?

Britain braced for Black Friday
Bill Cosby's persona goes from America's dad to date-rape drugs

From America's dad to date-rape drugs

Stories of Bill Cosby's alleged sexual assaults may have circulated widely in Hollywood, but they came as a shock to fans, says Rupert Cornwell
Clare Balding: 'Women's sport is kicking off at last'

Clare Balding: 'Women's sport is kicking off at last'

As fans flock to see England women's Wembley debut against Germany, the TV presenter on an exciting 'sea change'
Oh come, all ye multi-faithful: The Christmas jumper is in fashion, but should you wear your religion on your sleeve?

Oh come, all ye multi-faithful

The Christmas jumper is in fashion, but should you wear your religion on your sleeve?
Dr Charles Heatley: The GP off to do battle in the war against Ebola

The GP off to do battle in the war against Ebola

Dr Charles Heatley on joining the NHS volunteers' team bound for Sierra Leone
Flogging vlogging: First video bloggers conquered YouTube. Now they want us to buy their books

Flogging vlogging

First video bloggers conquered YouTube. Now they want us to buy their books
Saturday Night Live vs The Daily Show: US channels wage comedy star wars

Saturday Night Live vs The Daily Show

US channels wage comedy star wars
When is a wine made in Piedmont not a Piemonte wine? When EU rules make Italian vineyards invisible

When is a wine made in Piedmont not a Piemonte wine?

When EU rules make Italian vineyards invisible
Look what's mushrooming now! Meat-free recipes and food scandals help one growing sector

Look what's mushrooming now!

Meat-free recipes and food scandals help one growing sector
Neil Findlay is more a pink shrimp than a red firebrand

More a pink shrimp than a red firebrand

The vilification of the potential Scottish Labour leader Neil Findlay shows how one-note politics is today, says DJ Taylor
Bill Granger recipes: Tenderstem broccoli omelette; Fried eggs with Mexican-style tomato and chilli sauce; Pan-fried cavolo nero with soft-boiled egg

Oeuf quake

Bill Granger's cracking egg recipes
Terry Venables: Wayne Rooney is roaring again and the world knows that England are back

Terry Venables column

Wayne Rooney is roaring again and the world knows that England are back
Michael Calvin: Abject leadership is allowing football’s age-old sores to fester

Abject leadership is allowing football’s age-old sores to fester

Those at the top are allowing the same issues to go unchallenged, says Michael Calvin