BG boss given pounds 337,000 bonus.The boss of British Gas was awarded a pounds 337,000 bonus for a year in which his customers were hit with an inflation-busting rise in energy bills. The payout to Mark Clare was equivalent to 67% of his annual salary of pounds 498,000, while proposed changes to the remuneration rules mean he could earn even more this year. House prices 30% overvalued Overvalued A stock whose current price is not justified by the earnings outlook or price/earnings (P/E) ratio and thus, expected to drop in price. Overvaluation may result from an emotional buying spurt, which inflates the market price of the stock or from a deterioration in a UK house prices are overvalued by as much as 30% according to at least one authority but it seems that Britons are unwilling to listen. The latest data from the housing industry shows that prices are on the rise, reviving fears of a bubble in the market and causing a fresh headache at the Bank of England Bank of England, central bank and note-issuing institution of Great Britain. Popularly known as the Old Lady of Threadneedle Street, its main office stands on the street of that name in London. . Fine threat to Southern Water A WATER company under investigation for failings in its customer service operation was warned it faced a fine from the industry regulator. Southern Water has already admitted it failed to meet service standards for bills inquiries and complaints after a new billing system revealed that previous figures it gave to Ofwat were not accurate. Anglian watches reservoir levels THE owner of Anglian Water said it was keeping a weather eye on water levels in its reservoirs after an unusually dry winter led rivals to introduce hosepipe n. 1. A flexible pipe for conveying a liquid or gas. Noun 1. hosepipe - a flexible pipe for conveying a liquid or gas hose air hose, airline - a hose that carries air under pressure bans. AWG (American Wiring Gauge) A U.S. measurement standard of the diameter of non-ferrous wire, which includes copper and aluminum. In general, the thicker the wire, the greater the current-carrying capacity and the longer the distance it can span. said ground water levels in the southern area of its heartland were below normal for this time of year. M&S sells US supermarkets MARKS & Spencer put the finishing touches to its restructuring yesterday by selling US supermarkets business Kings for pounds 35.4m. Lara to the rescue LARA Croft was tasked with firing SCi Entertainment back into the black as the computer games maker prepared to launch the latest instalment in the Tomb Raider franchise. Fans will have their first chance to play Tomb Raider Legend when it hits stores in Europe next Friday. |
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