U.K. water companies criticize regulator's demands
Article Abstract:
Anglian Water PLC and Thames Water PLC balk at UK regulator's recommendation to reduce charges by as much as 20%. Ofwat, the regulating body of UK's water industry, announced that it will cut customer charges by up to 20% between 2000 and 2005. According to Anglican Managing Director Chris Mellor and Thames Chief Executive Bill Alexander, the price reductions recommended by Ofwat will just be too harsh for the companies. Anglian Water expects the proposed price reduction to curb its profit by 130 million pounds sterling.
Comment:
Along w/ Angican Water PLC, balk at UK regulator's plan to reduce charges by as much as 20%
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Shares of Kingston Communications surge 41% in London trading debut
Article Abstract:
Kingston Communications PLC saw its share value increase by 41% during conditional dealings in its trading debut on the London stock market. Kingston provides telecommunications services. The company's reputation as a well-known telecommunications firm helped its share value rise. Kingston's shares were at the top end of their range. The company provides telecom services for the city of Hull in the UK.
Comment:
Share value increases 41% during conditional dealings in trading debut on London stock market
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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