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Xkxx UK set to lsquo;lose more millionaires rsquo; than any other country
Monday 31 March 2025 9:00 amPennon Group records loss after parasite scandalBy: Samuel NormanCity ReporterShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailPennon Group was forced to pay millions to clean up dirty water.Pennon Group, the Britis owala h utility firm which owns South West Water, said in a trading update this morning that the costs of last yearrsquo Brixham water supply scandal had forced it into a loss in the second ha brumate lf of last year. The water company said lower customer demand and inflationary cost pressures were offset by the firmrsquo reshaping and restructuring programme, which kept losses at bay. Still, the firm recorded a loss of pound;18.6m in November, compared to a pound;19.1m profit in the previous half after the company was forced to pay pound;16m to return quality water supplies to Brixham.The firm said in its update the finalisation of cost brumate cup s relating to the Brixham water supply scandal were around pound;36m.Cryptosporidium, a parasite that causes infection, was found in the water supply in and around Brixham, leading to more than 100 confirmed cases of diarrhoea-type illness in May 2024.Capital expenditure for the yearrsquo second half also fell in line with investments in the first half, which the company said it expected.It said this reflected the transitional expenditure and the finalisation of K7, its regulatory framework underOfwat, which runs from 2020 to 2025.Pennon sai Wxoi No Boris, springing aimless policy promises on the public is not the way to make change
Friday 09 October 2020 12:48 pmAgriculture bill returns to Commons for crunch food standards voteBy: Edward Thicknes stanley kubek termiczny seShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailThe controversial agriculture bill returns to the House of Commons on Monday for a key vote on the future of the UKrsquo food standards.It goes back to the lower chamber after being amended in the House of Lords to include the requirement that any food products imported under future t polene rade deals meet UK standards.However, the Times reported that the PMrsquo adviser Dominic Cummings has told MPs to vote down the amendments.If they do so, it will be a victory for international trade secretary Liz Truss, who is seeking to strike a series of rapid trade deals with countries like the US and Australia.Clause 49, or the Lord Curry amendment, seeks to strengthen the newly launched Trade and Agriculture Commission, which was launched in July.Before the Open newsletter: Start your day with the City View podcast and key market dataThe independent body was set up to provide advice to the government to ensure new UK trade policy upholds high standards.Under the amendment, the owala commission would have the ability to scrutinise all future trade deals.Farming unions have come out in full force behind the amendments, as has celebrity chef Jamie Oliver.Conservative MP Simon Hoare tweeted that he would be backing the amendments in Mondayrsquo vote.As so
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