Ofwat hits ailing Thames Water with £40m fine over dividend payments | Business news

Britain’s biggest water company has been warned it faces a fine of more than £40m for allowing a £37.5m dividend to be paid to its owners last year, Sky News has learned. Per Mark Kleinman, editor of the City @MarkKleinmanSky Saturday 1 June 2024 12:09 PM UK Britain’s biggest water company has been told it … Read more

The downgrade of France’s credit rating has hit Macron’s government hard

Unlock Editor’s Digest for free Roula Khalaf, editor of the FT, picks her favorite stories in this weekly newsletter. S&P Global downgraded France in a blow to Emmanuel Macron’s credibility as a steward of the economy, once a bright spot of his presidency. The credit rating agency changed France’s long-term issuer rating from AA to … Read more

Startups Weekly: Musk raises $6 billion for artificial intelligence and the fintech dominoes fall

Welcome to Startups Weekly — Haj’s weekly roundup of everything you can’t miss from the world of startups. sign up here to receive in your inbox every Friday. In a twist that shocks absolutely no one and delights arsonists who like to see money burn, Elon Musk’s latest venture, xAI, has attracted $6 billion in … Read more

The results of the trial of a new drug for lung cancer are ‘off the charts’, say doctors | Lung cancer

Doctors are hailing the results of a trial showing that a new drug stopped the progression of lung cancer longer than any other treatment in the history of the disease. Lung cancer is the world’s leading cause of cancer death, causing approximately 1.8 million deaths each year. Survival rates are particularly poor for those with … Read more

Residents spray rubbish with disinfectant daily as Suez bin crisis continues in Ashford, Swale and Maidstone

Neighbors who have been troubled by the problem with the garbage can for almost two months say that their road has turned into a “slum district” due to the amount of garbage left uncollected. Some homeowners in Longbridge, Willesborough Lees, Ashford, even sprayed the manure with disinfectant every day. David Cossey, of Willesborough Lees, Ashford, … Read more

Newcastle United recruit ‘exceptional operator’ to top role amid exciting plans for St James’ Park

Newcastle United have appointed Brad Miller as the club’s new chief operating officer [COO]. The new arrival brings with him an ‘outstanding track record in operational and development projects’, according to Magpies chief executive Darren Eales, which will no doubt come in handy as the North East outfit look to transform St James’ Park in … Read more

Private equity raised more money than it returned

Stay informed with free updates Simply log in to Financial services myFT summary — delivered straight to your inbox. Earlier this week, MainFT reported that hedge funds are complaining that their fundraising efforts are being hurt by the amount of money investors have locked up in private equity funds — which are not making any … Read more

New lung cancer pill hailed as ‘off the charts’ success

Kate Pickles Health Editor in Chicago 13:01 31 May 2024, updated 15:29 31 May 2024 Patients with incurable lung cancer could have their lives extended by several years with the help of a drug that has been declared the ‘best ever’ to treat the disease. About six in ten patients who took a daily pill … Read more

UK house prices rise again in May despite rising mortgage rates

Stay informed with free updates Simply log in to House prices in Great Britain myFT summary — delivered straight to your inbox. UK house prices rose again in May despite a rise in mortgage rates that slowed the recovery, according to data released on Friday. Lender Nationwide said house prices rose 0.4 per cent between … Read more

This year, energy buyers are ready for dizzying bills

MILLIONS of households are set for a rollercoaster with their energy bills this year. We explain what’s going on, whether you should consider a repair, and how to fix it. Ofgem’s energy price cap changes every three months and the bill could rise again this autumn WHAT IS HAPPENING? Over the past few years, energy … Read more