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+Vote!

Fiji needs water services corporatised

The corporatisation of essential government services such as the provision of water may hurt the poor but is a better option to take than allowing the water utility to drain government finances, a visiting International Monetary Fund team has said.Team leader Ray Brooks, division chief in the IMF’s Asia and Pacific Department, said government’s decision to corporatise water, procurement...

+Vote!

Severn Trent's profits rise by 50pc

Pretax profits have shot up by 50pc at Severn Trent despite the water industry's claims that it should be given a more lenient deal on how much to charge customers.

3Vote!

Governor-Elect Chris Christie Announces Additional Transition New Jersey Sub-Committee Members

TRENTON, NJ – Governor-Elect Chris Christie announced today additional members of the Transition New Jersey sub-committees, including Corrections and Homeland Security, Energy and Utilities, Environmental Protection, Healthcare, Human Services and Children and Families, Law and Public Safety and Transportation. These sub-committees will conduct a top to bottom review of their respective government...

5Vote!

Severn Trent to turn on SAP ERP

Severn Trent will begin a phased go-live of its newly-implemented SAP enterprise resource planning system next month.

5Vote!

Severn Trent warns demand still falling

Severn Trent today said that a 5.3 per cent rise in water bills this year had allowed it to stave off the effects of falling consumption and it reported a 22 per cent increase in underlying first-half profits to £188 million.

7Vote!

Price hikes boost Severn Trent

Price rises offset a fall in consumption in the water company Severn Trent's first half earnings.

7Vote!

Worst Company In Britain – 3 v Phones4U

Commiserations to BT, lying battered and bloodied in the consumer hate gutter after almost 1,800 of you voted for them in yesterday’s Worst Company In Britain 2009 head-to-head with the plucky minnows from United Utilities. Special technology that we’ve just made up showed that 70% of BT voters clicked on the vote button with extra aggression, [...]

5Vote!

Severn Trent profits jump

Severn Trent Britain's secondbiggest water company has seen firsthalf profits climb more than 50pc as sales climbed.

7Vote!

Lloyds makes world's biggest rights issue

• Lloyds Banking Group asks its shareholders for £13.5bn • 36.5bn shares will be offered to investors at 37p each Lloyds Banking Group today launched the biggest cash call ever seen, asking its long-suffering shareholders to come up with £13.5bn . These investors are being invited to buy 1.34 new Lloyds shares for each one they already own. The rights issue price of 37p is slightly...

3Vote!

Severn Trent swings to first half profit

LONDON (MarketWatch) -- Water utility Severn Trent said Tuesday that it swung to a first-half attributable profit of 149.7 million pounds ($247.5 million). Last year, the firm posted a loss of 83.8 million pounds, after taking a 185.6 million pound one-off tax charge. Sales climbed to 852.1 million pounds, from 814.3 million pounds in the six months to Sep. 30, mainly due to price increases at Severn...

+Vote!

Grand Alliance carriers switch to winter program

As practiced in previous years, Grand Alliance members Hapag-Lloyd, Nippon Yusen Kaisha (NYK) and Orient Overseas Container Line (OOCL), have announced a Winter Program for their US East Coast all water services. The temporary service adjustments are intended to take effect from December 1, 2009 and will last for around 18 weeks

7Vote!

Worst Company In Britain – United Utilities v BT

It’s another day, and here’s another pair of companies who have cheesed off enough of you for them to make it on to the shortlist of Bitterwallet’s Worst Company In Britain 2009 competition. Today’s pairing sees United Utilities square up against the shitty might of BT – which of them will progress into the second round? Your [...]

3Vote!

Aqua America Makes G.I. Jobs Magazines “2010 Military Friendly Employers” List

BRYN MAWR, Pa.--(BUSINESS WIRE)--Aqua America, Inc. (NYSE: WTR) was recently informed that it has been selected as one of G.I. Jobs magazine “Top 100 Military Friendly Employer” list for 2010 and will be included in the publication’s upcoming December 2009 edition. According to G.I Jobs, Aqua America’s inclusion places the company in the top two percent of employers nationwide....

3Vote!

British government increases borrowing the day after promising to cut borrowing

Can we really take these people seriously any more, with anything they say? Check out this quote from the linked-to article: The figures are "undoubtedly once again make for worrisome reading and highlight the very difficult task that whatever party is in power after next year's general election will face in reining in the bloated deficits," said Howard Archer, an economist at Global Insight....

3Vote!

FTSE 100 Value Picks

Follows a selection of stocks from the FTSE 100 offering good value on a fundamental basis. The Fundamental Evaluation approach reviews stocks in a relative (as opposed to absolute) way, comparing stocks relative attractiveness against 5 criteria: Present Value of Future Dividends Present Value of Future Earnings Current Book value Current Cash Flow Price / Earnings / Earnings Growth ratios We rank...