Jun 16, 2017
Week in Review, June 17
Trian, the activist fund that took a stake of about 1 per cent in 2015, became the most visible face of a wider group of discontented shareholders hoping that Mr Immelt and his team would do more to improve performance. The video games groups went head to head at the E3 convention this week in Los Angeles, vying for the attention of fans. In total, the loss of roaming fees is expected to knock €7bn off the revenues of European telecoms groups, according to the industry group ETNO. Operators can charge their peers €7.70 per gigabyte of data - equivalent to one hour watching Netflix - when a customer from a rival wanders on to their networks. Mr De Rubertis said many of these companies were forced to sell themselves or their assets to a large pharmaceutical group because of a dearth of capital for biotech groups in Europe. Thames Water is being investigated by Ofwat, the UK regulator, for its "Unacceptable failure" to control leakages, with 180 litres a day spilling per property that the group supplies, writes Gill Plimmer in London.
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