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Monthly Archives: September 2008

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UK Power Cuts:

admin September 26, 2008

Homes could be plunged into darkness this winter as the nation faces the shocking prospect of power cuts. The warning, following the release of grim industry figures yesterday, will dredge up memories of the last electricity crisis in 1974. Then, households had to manage with candles, factories were put on short-time and TV broadcasts ended… Continue Reading »

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Severn Trent Plc:

admin September 24, 2008

Severn Trent Plc, the U.K.’s second- biggest water utility, said performance in the six months through September is in line with company forecasts as it continues to benefit from higher prices allowed by the industry regulator. Severn Trent is seeking to keep annual operating costs 3 percent below the regulator’s target through the next two… Continue Reading »

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Record Oil Price:

admin September 23, 2008

The price of oil has jumped by more than $16 to $120.92 a barrel, the biggest one-day gain on record. There is uncertainty about how the government’s financial bail-out plan will work, causing investors to switch to perceived safe havens such as oil. Others believe that the US government’s bail-out plan will help the economy,… Continue Reading »

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