Other Company News
Thames Water looks to hike consumer bills by as much as 44%
Heavily indebted utility provider Thames Water will look to convince industry regulator Ofwat to allow it to hike consumer bills by as much as 44% over the next five years.
Thames Water holding company defaults on debts
Thames Water holding company Kemble Water Finance has defaulted on its debts after failing to make good on an interest payment due earlier this week.
Thames Water at loggerheads with lenders over £190m loan
Chinese state-owned banks will play a pivotal role in the future of Thames Water as the utility provider remains at loggerheads with lenders in a stand-off over debt at its parent company.
Co-op Group FY profits slump amid record levels of shoplifting
Supermarket chain Co-op Group posted a sharp drop in full-year profits on Thursday as a result of record levels of shoplifting and competition from discount rivals.
Heathrow denies report that third runway has been scrapped
London's Heathrow Airport has denied a report by the Sunday Times that plans to add a third runway had been shelved.
Body Shop to shutter roughly half of UK locations
Cosmetics company The Body Shop will shutter roughly half of its UK storefronts and lower staffing numbers at its London head office by approximately 40%, leading to hundreds of job losses in the process.
Thames Water names Chris Weston as CEO
Thames Water revealed on Thursday that former Chris Weston was set to take over as chief executive officer.
Epiris and Newlat to duke it out in fight for Princes
British private equity firm Epiris and Italian food manufacturer Newlat were said to be the two remaining bidders in the sale of tinned produce business Princes, which has been up for sale for months.
PricewaterhouseCoopers to cut up to 600 jobs
Accounting giant PricewaterhouseCoopers will cut approximately 600 UK-based roles, a move that comes hot on the heels of similar moves by fellow "Big Four" firms KPMG and Deloitte.
Heathrow YTD losses narrow amid strong summer demand
Heathrow Airport upped its full-year passenger forecast on Thursday as it posted a narrowing of its year-to-date losses following strong demand for travel through the summer months.
Hitachi Rail selling signalling business to push through Thales merger
Hitachi Rail will offload part of its mainline signalling business in order to push through its proposed €1. 7bn purchase of Thales Ground Transportation.
FCA slaps ADM Investor Services with £6.47m fine
Broker ADM Investor Services has been fined £6. 47m by the financial services watchdog for failing to have adequate anti-money laundering systems and controls.
Prezzo to shutter 46 loss-making sites
Restaurant operator Prezzo will shutter 46 loss-making locations as the group continues to battle rising energy and food costs.
Marks Electrical reports record FY revenues
Online electrical retailer Marks Electrical Group said on Wednesday that it had delivered record full-year revenues as it made continued market share gains throughout the period.