Water regulator Ofwat has called for the water and sewage markets to be opened up to competition.
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Businesses ‘to cut back on flights’
The majority of top UK businesses plan to cut back on business flights in the next decade - with major implications for the UK airport expansion policy, wildlife charity WWF-UK claims.
Currys owner to close 77 stores
Shares in DSG fell nine per cent on the London Stock Exchange after the electricals retailer announced plans to close 77 stores and halve its dividend payment.
House building down 24 per cent
New house building in England is down by almost a quarter over the last three months, putting the government’s target of two million new homes by 2016 at risk.
BT profits up as Verwaayen departs
Outgoing BT chief executive Ben Verwaayen ended his tenure on a high as the company reported a three per cent rise in pre-tax profit for its fourth quarter.
Royal Mail ‘needs private sector cash’
Royal Mail should be partly privatised if it is to keep services afloat, the mail regulator Postcomm said.
Barclays reports £1bn write-off
Barclays said profits will be down for the first quarter after writing down £1 billion in assets relating to the US subprime crisis.
Make tax forms simpler, report urges
Tax forms are too complicated and must be made simpler, a government committee has said.
World economies slowing down
All the major world economies – apart from Russia - are heading for a slowdown, the OECD has found.
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