removed or supplemented.’17. The decisions the CMA makes in order to arrive at its redetermination are likely to influence future regulatory decisions in other sectors and jurisdictions. Anglian engaged Laing to design and construct tanks at a sewage treatment works. The improvement to 472p merely took the shares back to where they stood at the start of 2016, which is roughly when Ashley adopted his other obsession – diversification. Anglian Water decided its dispute with Laing O’Rourke Utilities ought to go to arbitration because it was unhappy with the outcome of round one, the adjudication. ‘[…] we note the disagreement between Ofwat and the four water companies on whether Ofwat’s determinations impose an excessive degree of stretch on the water companies […] When making our redeterminations we will consider the overall determination for each company, including the overall stretch or challenge (in regard to its cost efficiency, productivity improvement, performance and returns) […]’.9 Emphasis added. But the eventual returns from the HoF deal remain a mystery. OC392464, registered office: Park Central, 40/41 Park End Street, Oxford, OX1 1JD, UK. House of Fraser, the main product of that ambition, clearly isn’t getting worse, which was why the shares jumped on Monday. A wing and a prayer: what future for airport terminals? It’s hard, though, to escape the feeling that there’s a simpler alternative to uncertain deal-making: just run the businesses better. deliver successful outcomes from investment in infrastructure. Existing waterbriefing users - log into the new website using your original username and the new password 'waterbriefing'. Disputes either about a refusal to provide a public sewer or the time within which it is to be provided can be referred to the Environment Agency. workforce and lead to a more sustainable, productive construction industry. At least some of these issues are likely to remain relevant beyond the 2020 CMA appeal and the specific decisions that are made for the four appellants. The judge decided that it was. If the buses were also to exit along with the US assets, all that would be left would be the UK rail business, from which FirstGroup seemed to be contemplating an orderly retreat only a year ago. The disappointed party then had four weeks to issue a “notice of dissatisfaction” to the other party and also to refer the dispute to the final tribunal, in this case arbitration. In the end anglian got home on the snakes and ladders board. Nothing fettered the adjudication itself, it said, so it was all good. Tideway, the company building the supersewer tunnel for London, is launching a new YouTube series which takes a behind-the-scenes look at the flagship project. on tankering costs for the client. 12 CMA (2020), ‘CMA’s approach to water redeterminations’, June, para. WaterBriefing is the UK’s leading online daily dedicated news and intelligence service for business professionals in the water sector – covering both UK and international issues. Their dispute must have been a tad tricky because the adjudicator was a very senior queen’s counsel. The CMA will consider each element of the WACC. Incoming Labour ministers would instead be inspecting their soon-to-be nationalised assets. https://www.ofwat.gov.uk/wp-content/uploads/2019/12/PR19-final-determinations-Overview-of-final-determinations.pdf, https://assets.publishing.service.gov.uk/media/5ebebde886650c279020b322/Scottish_Water_Redacted.pdf, Get the latest content into your inbox with Agenda. Assistance for the insolvent – is it all one way? We will use our current determinations to inform how we develop new charging rules so that we can ensure that they can be put into practice successfully.".

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