 |
Media Round Up, 4 June 2008 04/06/2008 |
 |
|
| |||||||||
|
United Utilities urges Ofwat to allow rise in water prices
Financial Times, p.26 United Utilities said yesterday it was urging the water regulator to allow it to raise prices to customers, to cover extra investment and the higher cost of borrowing caused by the credit crunch.The water and sewerage company said it would need to raise £700m extra between 2010 and 2015 to meet statutory obligations at its sewage disposal operation. | |||||||||
|
FSA plan to halt use of surplus
Financial Times, p.27 Insurers may be unable to dip into the surplus in their life funds to pay the costs of mis-selling policies, under proposals put forward by the City watchdog.The Financial Services Authority on Tuesday set out proposals to prevent life assurers using the surplus in their with-profit funds, known as an inherited estate, to pay mis-selling claims. | |||||||||
|
Crunch, what crunch? UK's shoppers are still spending but do it online
The Independent, Business p.36 UK consumers defied the credit crunch to spend a record amount online with retailers last year, Verdict Research has revealed. | |||||||||
|
Ofgem investigates claims that leading energy groups 'hoodwinked' customers
The Times, Business p.45 Three of Britain's biggest energy providers face a regulatory crackdown after Ofgem, the energy regulator, began investigating claims that customers using prepaid meters were being hoodwinked to switch to more expensive services. | |||||||||
|
US attacked at food summit over biofuels
The Guardian, p.17 The US came under intense criticism yesterday for its policy of promoting biofuels, which a senior UN official claimed was diverting food away from the hungry "to satisfy a thirst for fuel for vehicles". | |||||||||
|
Sainsbury chief attacks food industry rules
The Guardian, p.21 The chief executive of J Sainsbury, Justin King, will criticise "flawed" regulation of the food industry and call on the government to spend more effort educating consumers about healthier lifestyles to help cut obesity. | |||||||||
|
Unfair energy market hits UK firms, MPs told
The Guardian, p.24 British industry will be "damaged irreparably" unless the imbalance between energy markets in the UK and continental Europe is addressed over the next decade, a senior chemical industry executive warned yesterday. | |||||||||
Business in the CommunityFor more news from Business In the Community, visit the website » Interested to learn how your company can act responsibly in the workplace, community, environment and marketplace? Visit the website to find out more »
| |||||||||
| Feedback | Unsubscribe | |||||||||
|
Business in the Community is a unique movement of over 750 of the UK's top companies committed to improving their positive impact on society. | |||||||||
| Tel: +44(0)20 7566 8650 | Web: www.bitc.org.uk | Email: press@bitc.org.uk | |||||||||
|
President HRH The Prince of Wales; Chairman Sir Stuart Rose; Chief Executive Stephen Howard Registered Office: 137 Shepherdess Walk, London N1 7RQ Registered Charity No: 297716 Company limited by guarantee No: 1619253 | |||||||||
