Severn Trent refused to confirm or deny a possible rights issue to shore up its finances, as it awaits the results of Ofwat’s five-year price determination on Thursday. Tony Wray, chief executive, said ahead of a ruling expected to restrain water co
Emerging east Asia’s local currency bond markets have tripled as a proportion of the global market since the Asian financial crisis, but remain plagued by poor liquidity, according to a report published on Tuesday by the Asian Development Bank.It sa
The number of students entering the UK from India and Bangladesh has risen sharply since a new visa system began, the BBC has learned.The UK Border Agency had said it believed the total number of students was roughly the same as last year. But a F
The budget for the 2014 Commonwealth Games in Glasgow is to be increased by £80m, BBC Scotland understands.The bulk of the money will come from the Scottish government, with Glasgow City Council contributing about £10m. A large chunk of
NEW DELHI - Indian car sales leapt 34 percent in October on a 12-month basis, data showed Wednesday, in a further sign of rebounding demand in Asia's third-biggest economy. Domestic passenger car sales jumped 34 percent, while sales of commercial v
LONDON - Drugs group GlaxoSmithKline, maker of swine flu vaccine Pandemrix, said Wednesday that net profits surged 30 percent in the third quarter, aided by the weak pound and emerging markets. The group forecast further improvement and signific
Construction and building companies have tapped global equity markets for more money in 2009 than in any previous year, fuelled by Chinese infrastructure spending and a need for western companies to refinance.Capital raised by construction and build
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