Wave of complaints hit water firms

According to the Consumer Council for Water, customer complaints about UK water companies have reached record levels in the past 12 months. Read

Thames Water faces watchdog

Thames Water is facing a fine of more than £12 million from Ofwat, following a 2006 probe by the water industry watchdog into the utility’s reporting of performance on customer service. Read

EU approves Scottish Power sale

Spanish utility Iberdrola has received the European Commission nod to proceed with its proposed takeover of FTSE 100 giant Scottish Power in an agreed £11.6 billion deal creating Europe’s third-largest utility. Read

Bid talk buoys Scottish Power

Shares in FTSE 100 utility outfit Scottish Power (in the news for its run-ins with native Indians and its decision to sell PacifiCorp) enjoyed takeover talk inspired strength last month. Read