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.

Severn Trent fined record £36m after misreporting water leakages

Severn Trent, the Midlands water company, is to pay a record £36m fine and pledged to cut customer bills after it pleaded guilty yesterday to orchestrating one of the largest customer overcharging scandals ever perpetrated in the UK.

Leading article: Private water companies must do more to deliver

The privatisation of utilities proceeded from the principle that market competition would offer an improvement on state monopoly. It would help keep prices down and encourage better service – at least, this is how it was sold to consumers. For governments the expectation was that commercial companies would, by their very nature, run leaner, more efficient operations and so be able to invest more to update old infrastructure.

Water firm faces £35.8m fine

Severn Trent Water was today facing a record £35.8 million fine for deliberately providing false data to industry regulator Ofwat and providing poor customer service.

BAA's new chief executive Colin Matthews told to focus on Heathrow

Sir Nigel Rudd has told Colin Matthews, his new hand-picked chief executive of BAA, that his top priority at the embattled airport group should be to overhaul operations at Heathrow, infamous for crumbling infrastructure, delayed flights and lost bags.

CVC gives up on Biffa as rivals consider joint bid

The private equity giant CVC Capital Partners has walked away from a take-over bid for the waste management group Biffa, which accepted a £1.2bn offer this month. This comes as two suitors have held talks about teaming up for a counter bid.

Biffa poised for new offer

Private equity boss Guy Hands and French industrial group Suez were today being linked to a possible counter offer for waste disposal group Biffa.

Battle for Biffa: suitors aim to gatecrash deal

A takeover battle is set to erupt for Biffa with up to three suitors close to gatecrashing a £1.2bn private equity deal accepted by the UK waste group.

Biffa auction expected as it opens books to bidders

Biffa in effect put itself up for sale yesterday after agreeing to open its books to private equity bidders at the third time of asking, a move that could trigger a bidding war for the waste management company.

Wine: Something for the weekend?

2005 El Dueño Chardonnay; 2004 Salomon Pfaffenberg Riesling; 2004 Meyer Fonné Tokay Pinot Gris

The Investment Column: It's still safe to stick with Northern Rock

Severn Trent is clearly one for the low-risk investor; Only the divi makes Dawson worth holding

The Investment Column: Severn Trent worth tapping in to

DAT Group could still be a buy for the risk-takers; There's a gusher in view at Burren Energy

Severn Trent in 'robust' talks with Ofwat over water bill rises

Severn Trent, the Midlands-based water company, yesterday gave the clearest indication yet that it may take the industry regulator to an appeal if it fails to get approval for a sufficiently large increase in bills.

Sport
The giant banner displayed by Legia Warsaw supporters last night
football
News
news
Voices
The Ukip leader has consistently refused to be drawn on where he would mount an attempt to secure a parliamentary seat
voicesNigel Farage: Those who predicted we would lose momentum heading into the 2015 election are going to have to think again
News
Angelina Jolie with her father Jon Voight
people
News
Melissa and Joan Rivers together at an NBC event in May 2014
peopleDaughter Melissa thanks fans for 'outpouring of support'
Life and Style
tech
Life and Style
life
Life and Style
One in six drivers cannot identify a single one of the main components found under the bonnet of an average car
motoringOne in six drivers can't carry out basic under-bonnet checks
Career Services

Day In a Page

Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
Lake Maggiore, Orta and the Matterhorn – seven nights from £899pp
Sicily – seven nights from £939pp
Pompeii, Capri and the Bay of Naples - seven nights from £799pp
Istanbul Ephesus & Troy – six nights from £859pp
Mary Rose – two nights from £319pp
Ukraine crisis: The phoney war is over as Russian troops and armour pour across the border

The phoney war is over

Russian troops and armour pour into Ukraine
Potatoes could be off the menu as crop pests threaten UK

Potatoes could be off the menu as crop pests threaten UK

The world’s entire food system is under attack - and Britain is most at risk, according to a new study
Gangnam smile: why the Chinese are flocking to South Korea to buy a new face

Gangnam smile: why the Chinese are flocking to South Korea to buy a new face

Seoul's plastic surgery industry is booming thanks to the popularity of the K-Pop look
From Mozart to Orson Welles: Creative geniuses who peaked too soon

Creative geniuses who peaked too soon

After the death of Sandy Wilson, 90, who wrote his only hit musical in his twenties, John Walsh wonders what it's like to peak too soon and go on to live a life more ordinary
Caught in the crossfire of a cyber Cold War

Caught in the crossfire of a cyber Cold War

Fears are mounting that Vladimir Putin has instructed hackers to target banks like JP Morgan
Salomé's feminine wiles have inspired writers, painters and musicians for 2,000 years

Salomé: A head for seduction

Salomé's feminine wiles have inspired writers, painters and musicians for 2,000 years. Now audiences can meet the Biblical femme fatale in two new stage and screen projects
From Bram Stoker to Stanley Kubrick, the British Library's latest exhibition celebrates all things Gothic

British Library celebrates all things Gothic

Forthcoming exhibition Terror and Wonder: The Gothic Imagination will be the UK's largest ever celebration of Gothic literature
The Hard Rock Café's owners are embroiled in a bitter legal dispute - but is the restaurant chain worth fighting for?

Is the Hard Rock Café worth fighting for?

The restaurant chain's owners are currently embroiled in a bitter legal dispute
Caribbean cuisine is becoming increasingly popular in the UK ... and there's more to it than jerk chicken at carnival

In search of Caribbean soul food

Caribbean cuisine is becoming increasingly popular in the UK ... and there's more to it than jerk chicken at carnival
11 best face powders

11 best face powders

Sweep away shiny skin with our pick of the best pressed and loose powder bases
England vs Norway: Roy Hodgson's hands tied by exploding top flight

Roy Hodgson's hands tied by exploding top flight

Lack of Englishmen at leading Premier League clubs leaves manager hamstrung
Angel Di Maria and Cristiano Ronaldo: A tale of two Manchester United No 7s

Di Maria and Ronaldo: A tale of two Manchester United No 7s

They both inherited the iconic shirt at Old Trafford, but the £59.7m new boy is joining a club in a very different state
Israel-Gaza conflict: No victory for Israel despite weeks of death and devastation

Robert Fisk: No victory for Israel despite weeks of devastation

Palestinians have won: they are still in Gaza, and Hamas is still there
Mary Beard writes character reference for Twitter troll who called her a 'slut'

Unlikely friends: Mary Beard and the troll who called her a ‘filthy old slut’

The Cambridge University classicist even wrote the student a character reference
America’s new apartheid: Prosperous white districts are choosing to break away from black cities and go it alone

America’s new apartheid

Prosperous white districts are choosing to break away from black cities and go it alone