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Evening Standard
Tone deaf utility bosses get usual reward for failure
A year ago Severn Trent boss Liv Garfield sent her fellow utility bosses a chirpy Friday night email.In her self-described “sensitive” and “highly confidential” note, she suggested the other bosses – supposedly, remember, in deep competition with each other – gang up to fend off the threat of nationalisation from a new Labour government.Raw sewage …
Business
Evening Standard
UK stock markets rise after economic growth beats forecasts
UK investors were in good spirits on Thursday and the pound hit a four-month high, as official data showed the economy was in better-than-expected health.The Office for National Statistics said the country’s gross domestic product (GDP) edged up by 0.4% in May, following no growth in April.Some analysts had been forecasting a rise of 0.2% …
Business
Euro News
UK’s FCA shakes up listing regulations to attract more companies
Business
Euro News
Allow battery makers to benefit from renewable power, governments urged
Business
Business Live
10 questions for Katy Clark of Naylors Gavin Black
Katy Clark joined the management department of Naylors Gavin Black (formerly Naylors) as a senior surveyor in August 2017, having previously worked for the Newcastle firm between 2011 and 2014. In the intervening years she worked for LSH and Capita Property & Infrastructure. What was your first job (and how much did it pay)? My …
Business
Sky News
Legal & General-backed Salary Finance in advanced talks about merger
A prominent financial technology company part-owned by Legal & General (L&G) is in talks about a merger that would create one of Britain’s biggest non-bank consumer lenders.Sky News has learnt that Salary Finance, which advances employees’ wages to them, and Oakbrook, a tech-enabled lending platform, are expected to be combined following talks between their largest …
Business
Evening Standard
Campaigners angry over bill rises amid ‘environmental carnage’ of sewage spills
Campaigners have reacted with fury to proposed water bill increases for households amid the sewage pollution scandal and cost-of-living crisis.Regulator Ofwat has issued draft proposals to put up bills by £19 a year on average, or £94 over five years, a third less than the £144 average requested by water companies.Ofwat said its proposals approved …
Business
Evening Standard
Household water bills to rise by £19 a year under draft proposals
Household water bills in England and Wales are to rise by an average £19 a year over the next five years – a third less than the increase requested by companies, under draft proposals announced by Ofwat.The regulator said water firms proposed increases averaging £144 over five years.For example, Thames Water’s proposed increase of £191 …
Business
Evening Standard
City recruitment giant Hays expects ‘subdued summer’ after election uncertainty hits its fees
 A faltering jobs market and added uncertainty from the general election took a toll on City recruitment giant Hays, it revealed today.The £1.4 billion firm revealed that fees fell by almost a fifth in the quarter to the end of June. Hiring for permanent positions fell the most – by 22% – with temporary posts …
Business
Euro News
Rate-cut hopes add sparkle for gold and silver as prices rise
Business
Sky News
Card payments outage: Shoppers report issues with Visa and Mastercard
Card payments at major high street shops like Asda, Sainsbury’s, and petrol stations across the UK appeared to crash this morning.Shoppers reported being unable to pay for their groceries and petrol. “I’ve just been turned away at Sainsbury’s as they can’t accept card payments,” said Vanessa Meehan, in Twickenham.“Petrol station also coned off. The car …
Business
Evening Standard
Ofwat to put Thames Water in ‘turnaround regime’ and rejects 44% bills hike plan
Regulators have said they will impose a “turnaround oversight regime” on Thames Water and opposed the utility firm’s planned 44% rise in consumer bills over the next five years.In a draft verdict on England and Wales’ water company business plans to 2030, Ofwat instead proposed Thames increase average yearly bills by 23% to £535 over …

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