Thames Water appeals Ofwat’s price cap – claiming hiking bills by a third over five years isn’t enough

Thames Water appeals Ofwat’s price cap - claiming hiking bills by a third over five years isn't enough

Troubled Thames Water has launched an appeal against regulator Ofwat’s price cap, as it says hiking bills by a third over the next five years is not enough. Ofwat denied Thames’ request for a 53 per cent rise in December, limiting the potential rises to 35 per cent — about an extra £152… Thames Water … Read more

Supermarket mega-mergers could soon happen after Government’s overhaul of competition watchdog

Supermarket mega-mergers could soon happen after Government’s overhaul of competition watchdog

MEGA-MERGERS between supermarkets could be on the horizon after the Government’s overhaul of the competition watchdog. The Competition and Markets Authority has been told to be more agile and tighten its remit only to deals that “harm” UK-based consumers — while also being given… Supermarket mega-mergers could soon happen after Government’s overhaul of competition watchdog … Read more

Rachel Reeves told to ‘work with business’ to fund infrastructure projects rather than stretch public finances – The Scottish Sun

Rachel Reeves told to ‘work with business’ to fund infrastructure projects rather than stretch public finances – The Scottish Sun

RACHEL Reeves should work closer with business to fund infrastructure projects rather than stretch public finances, a pensions firm boss has said. Andy Briggs, boss of FTSE 100 Phoenix Group, said there were tens of billions of pounds of private money ready to invest in the housebuilding drive… Rachel Reeves told to ‘work with business’ … Read more

Ladbrokes CEO breaks record for shortest-serving boss after abruptly leaving less than six months in charge

Ladbrokes CEO breaks record for shortest-serving boss after abruptly leaving less than six months in charge

THE CEO of Ladbrokes has been abruptly sent packing after less than six months — breaking the record for the shortest-serving boss of a FTSE 100 firm. Gavin Isaacs joined Ladbrokes and Coral owners Entain on September 2 last year, coming with 25 years of experience in the Vegas gambling… Ladbrokes CEO breaks record for … Read more

Builders say Labour’s housing targets cannot be met with 100,000 home shortfall expected

Builders say Labour's housing targets cannot be met with 100,000 home shortfall expected

THE UK risks building only half of the 300,000 homes targeted this year by the Government, according to a third of housebuilders. Only 2 per cent believed that the goal set by Deputy Prime Minister Angela Rayner would be met, property firm Knight Frank found. 4 Only 2 per cent of builders believe… Builders say … Read more

Electric car-charging firm boss admits company broke the law – just a week after receiving £55million from taxpayers

Electric car-charging firm boss admits company broke the law - just a week after receiving £55million from taxpayers

THE boss of an electric car- charging firm that last week received £55million from taxpayers has admitted it broke the law by deliberately not filing its accounts. Connected Kerb delayed filing to avoid having to include a warning about its finances. Chancellor Rachel Reeves last week toasted it… Electric car-charging firm boss admits company broke … Read more

Electric car-charging firm boss admits company broke the law – just a week after receiving £55million from taxpayers

Electric car-charging firm boss admits company broke the law - just a week after receiving £55million from taxpayers

THE boss of an electric car- charging firm that last week received £55million from taxpayers has admitted it broke the law by deliberately not filing its accounts. Connected Kerb delayed filing to avoid having to include a warning about its finances. Chancellor Rachel Reeves last week toasted it… Electric car-charging firm boss admits company broke … Read more

Bank of England Governor Andrew Bailey answers YOUR questions from Rachel Reeves’ Budget to Trump’s trade war

Bank of England Governor Andrew Bailey answers YOUR questions from Rachel Reeves' Budget to Trump's trade war

THE Bank of England yesterday lowered interest rates from 4.75 per cent to 4.5, while halving its growth forecasts amid fears about the economy. The Bank’s Monetary Policy Committee has to perform a delicate balancing act — keeping rates sufficiently high to stop a return of rapid inflation,… Bank of England Governor Andrew Bailey answers … Read more

Car giants pushing for Government to soften tough net zero rules

Car giants pushing for Government to soften tough net zero rules

CAR giants believe they are close to convincing the Government to soften some of its tough net zero rules. Representatives from JLR, Ford, Vauxhall-owner Stellantis and Nissan met Transport Minister Heidi Alexander yesterday amid fears of more factory closures and job losses. 5 Car giants believe… Car giants pushing for Government to soften tough net … Read more

Drinks giant Diageo could face whopping £160m profits hit if Trump goes ahead with tariffs on Canada & Mexico

Drinks giant Diageo could face whopping £160m profits hit if Trump goes ahead with tariffs on Canada & Mexico

DRINKS giant Diageo has warned it could face a £160million hit to its profits if Donald Trump presses ahead with tariffs on Canada and Mexico. It is heavily exposed — with 42 per cent of its US revenues coming from Mexican-made tequila, while its popular Crown Royal whisky is made in Canada. Drinks giant Diageo … Read more