Holly Williams

The new boss of under-fire South West Water owner Pennon has said the group must “rebuild trust” after being hit with a record near-£2 million fine following a parasitic outbreak in its supply in Devon.

Pennon was prosecuted earlier this month at Exeter Magistrates’ Court for supplying water unfit for human consumption.

Residents and businesses were left without water after cryptosporidium contamination in its water supply

Residents and businesses were left without water after cryptosporidium contamination in its water supply

Britain's economy contracted last month for the first time in eight months amid signs that the Iran war is beginning to take its toll on some sectors.

UK economy shrinks for first time in eight months – here’s why

The stock market float on Wall Street is expected to raise 75 billion dollars (£56.2 billion)

Elon Musk's SpaceX has raised 75 billion US dollars (£56 billion) ahead of its record-breaking 1.8 trillion US dollar (£1.3 trillion) US stock market debut on Friday as it looks set to become the biggest flotation of all time.

Elon Musk's SpaceX has jumped at the start of trading to open valued at two trillion US dollars (£1.5 trillion) in a record-breaking stock market debut.

Holly Williams, Press Association Business Editor 4 min read