Severn Trent’s profits triple as it fails drinking water risk rules Half-year profits of £192m come despite being ‘in penalty’ over quality
Santander puts aside £295m for car loan mis-selling Lower third-quarter profits reported alongside first estimate of financial fallout from loan mis-selling scandal
Australia’s Future Fund to invest in housing, infrastructure and energy transition under new mandate Sovereign wealth fund’s statement of expectations will be updated for the first time in 15 years
Comcast to spin off portfolio of cable networks including MSNBC and CNBC Telco giant plans to keep NBC, though detangling talent and resources from spun-off networks will prove a challenge
Rio Tinto review shows rise in rape and bullying reports Bullying claims linked to diversity programme ‘retaliation’, despite efforts to improve workplace culture
Tokyo Metro wins contract to operate London’s Elizabeth line Consortium including company that runs Tokyo’s renowned metro system to take over from China’s MTR in May
Former John Lewis chair Sharon White takes role at Canadian pension fund She starts in January as head of European arm of CDPQ, which holds shares in Eurostar and Heathrow
Five firms in plastic pollution alliance ‘made 1,000 times more plastic than they cleaned up’ Five oil and chemical companies which promised to divert plastic from environment accused of producing 132m tonnes of it
E.ON must pay £14.5m to prepayment customers after billing failures Ofgem says nearly 250,000 customers will each receive average of £144 in compensation and refunds
UK’s jump in inflation lays bare the risks ahead for Labour Rate cut unlikely until 2025 as energy prices blamed for stronger-than-expected inflation of 2.3%
HSBC to open London ‘wealth centre’ in effort to draw in premier clients Aimed at those with £100,000 to £2m, service in Mayfair will offer personalised banking and exclusive events
ONS may have ‘lost’ a million workers from job figures since pandemic Resolution Foundation says figures are ‘overly pessimistic’ as people in work are less likely to answer survey
UK pension fund loses more than £350m with waste incinerator power plants Shareholder accuses Aviva Investors of ‘calamitous’ investments as three sites expected to go bust
Value of UK music industry hits record £7.6bn thanks to superstar tours Live shows from acts including Coldplay, Elton John, Beyoncé and Ed Sheeran help drive revenues
Australian National University’s word of the year is a portmanteau for cost-of-living rage ‘Colesworth’ – combining the supermarket duopoly’s names – beat ‘breaking’, inspired by Rachael Gunn’s controversial Paris Olympics performance