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.

Biffa dumps managers in private equity restructuring

The private equity backers of Biffa, the waste management group, are restructuring the group's key collection unit with a raft of middle-management redundancies and the creation of two call centres with 70 new jobs.

Investment Column: Splash out on defensive Severn Trent

Clinton Cards; Hamworthy

The Week Ahead: DSG investors excitement may be shortlived

DSG International, the retailing group that owns Currys and PC World, is due to publish interim results on Thursday. It finished last week strongly with its shares spiking by nearly 21 per cent to 13p after analysts at Credit Suisse issued a positive update. The watchers, in something of a volte face, said that the group is likely to outperform the sector, adding: "In our view the market has overreacted to concerns about the group's sustainability in the medium term. After our long-term negative stance on the stock, we move to outperform with a target of 25p."

The Week Ahead: Hopes rise Wolseley can build on US bailout

Nervous investors will have their fingers crossed for Wolseley, the construction materials group, which is due to publish its final results today.

Huge rise in complaints about water companies

A small number of water companies were responsible for an 11 per cent overall increase in complaints last year, the Consumer Council for Water said.

Market Report: Sainsbury's soars on hopes of Qatari approach

Late rumours propelled J Sainsbury to pole position on the FTSE 100 yesterday, boosting the stock by almost 8 per cent or 25.25p to 344p in the final hours of trading.

Further misery for householders as water firms plan 22 per cent bill rise

Consumers face year after year of inflation busting rises in water bills after companies submitted plans for increases of up to 22 per cent over a five-year period to 2015.

Inflation-busting water bill rises revealed

Households today learned of proposed above-inflation water bill hikes after firms submitted their draft business plans to regulator Ofwat.

Severn braced for rise in bad debts

Severn Trent warned yesterday that Britons would find it increasingly hard to pay their water bills as the credit crunch heaps pressure on consumers.

Severn Trent Water is fined £2m over false leakage data

Severn Trent Water escaped with a lower-than-expected fine of £2m yesterday after it pleaded guilty at the Old Bailey to lying about leakage information for two years.

Water firm fined £2m for lying about leaks

Severn Trent Water, Britain's second-biggest water company, was fined £2 million at the Old Bailey today for lying about water leaks.

Court hears details of water firm's dishonesty

Executives, current and former, at Severn Trent Water have been hastily distancing themselves from accusations of dishonesty, as sentencing on convictions for deliberate falsification of leak statistics was adjourned until next month.

The Week Ahead: Positive update expected from WM Morrison

The supermarket chain WM Morrison is due to publish a first-quarter trading statement on Thursday and analysts are expecting a positive update.

£35m fine for Severn Trent

Severn Trent Water is facing a £35.8m fine for deliberately providing false information to a regulator and offering a poor service to its customers.

Jeremy Warner's Outlook: BT turnaround story may be complete but plenty of challenges still remain

Utilities: why does everyone hate us?; House prices: get a sense of perspective; Greenspan: non, je ne regrette rien
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Prices correct as of 17 September 2014
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