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...companies — South East Water, Sutton and East Surrey Water and Portsmouth Water — all lack internal audit functions, the Chartered Institute of Internal Auditors said in a letter to Ofwat chief executive David...
...“I think for years now, we have seen customers of Thames Water taken advantage of by successive management teams that have been taking out profits and not investing as they should have been,” he said....
...I’m gonna buy even more stock in him. What about you, Lucy? Lucy FisherI’m gonna hold David Cameron. I think the week started well for him. I was looking back at his record....
...I think at the moment the trouble is there’s no money....
...David Hall, visiting professor at Greenwich University who calculated the £540mn figure, said the project “makes consumers pay three times over”....
...“It is simply indefensible and that is why we are making Welsh Water pay this £40mn to benefit its customers,” said David Black, chief executive of Ofwat....
...Barclay said: “Through the Water Restoration Fund, I will be making sure that money from fines and penalties — taken from water company profits only — is channelled directly back into our waterways.”...
...Now, after several decades, the overall trend is towards “remunicipalisation”, or the return of water services to full public ownership and operation, says David Hall, visiting professor at the University...
...“Everything I’m hearing is that they will kick-start private sector investment much more proactively than the Tories were able to do,” he added....
...“What I want to protect in terms of the national interest is more investment, to ensure a more resilient water supply and clean rivers and fair treatment for bill payers,” he added....
...Frasers’ chief operating officer David Al-Mudallal and Ger Wright, a managing director, will join the board as executive directors....
...“Frankly, there’s no reason why any of the pension funds here should say ‘oh, I’ve got to invest in the UK’....
...David Black, chief executive of Ofwat, said the regulator was aware that for “those who are already struggling, [the bill increases would] be a real worry.”...
...And I’m hopeful that will remain.”...
...“At the time, I hadn’t been through that information and wasn’t aware of the source of that finance.”...
...Additional help by Michela Tindera, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer....
...The boys-only boarding school counts former UK prime ministers Boris Johnson and Lord David Cameron as well as Prince William and Prince Harry among its alumni, and charges fees in excess of £16,000 a term...
...“I’m not saying don’t do the big projects but it’s not the only way,” he said, pointing to the need for decentralised energy systems such as solar and wind farms for the electricity grid network....
...“I want to help companies to have less Pavs out there, to have less of me,” said Gill. “If you have something workable, trustable in place, then you will have less external whistleblowing cases.”...
...Asked by MPs on the House of Commons transport select committee whether costs could now be contained, Thompson replied: “I still can’t give any guarantees.”...
...“I welcome Labour’s focus on learning lessons from the last decade . . . the more all political parties focus on the practical solutions needed, the better for this country.”...
...The American screenwriter and director David Mamet enjoys a reputation as one of the most hard-boiled characters in Hollywood....
...The Tory right, bruised by a reshuffle that brought the return of the centre-right David Cameron as foreign secretary, may need more than a tax cut [though] as an offering....
...“Perhaps there’s a bit of establishment pressure being put on the regulator,” he said, adding: “I don’t know, but I tell you what folks, you want to come and pick a fight with me, I’m ready anytime you like...
...Thérèse Coffey, environment secretary, said: “I have been very clear with Ofwat, the regulator, that customers should not pay the price for poor performance and they should use the full powers we have given...
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