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Water bills to be cut by £50, Ofwat announces


The water regulator, Ofwat has set out new proposals which outlines cutting water bills in England and Wales by an average of £50 over the next five years.

Ofwat have also proposed for firms to invest an additional £6 million to improve the services for customers, remarking that it would mean “better services, a healthier natural environment and lower bills”.



Thomas Cook in £750m rescue deal


After going through some struggles recently, global travel company, Thomas Cook are now in talks with banks and their Chinese investor Fosun, over a £750 million rescue deal.

In discussions with their largest shareholder, Fosun, Thomas Cook are looking for them to buy their tour business. Their chief executive, Peter Fankhauser, remarked how the proposal was not an outcome they wanted, however, was pragmatic.



Jaguar Land Rover set to invest in electric cars in UK


Jaguar Land Rover has announced that they are going to invest in building electric cars at their factory in Castle Bromwich, in attempts to boost themselves in an embattled automotive industry.

The company will initially be producing an electric version of the Jaguar XJ saloon.


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