1. Water firms seek to raise bills up to 91% despite rampant sewage dumping
Southern Water is asking the Consumer Council for Water (CCW, which is a sub-department of Defra), to allow a 91% increase in bills over the next five years.
2. South West Water owner adjusts dividend in face of pollution offences
The group announced a £2.4 million reduction in the final dividend to reflect the £2.1 million fine it received for a series of environmental offences across Devon and Cornwall spanning a period of four years.
3. AstraZeneca aims to boost revenues to $80bn by 2030
In an announcement made ahead of the drug giant's investor day event on Tuesday, CEO Pascal Soriot, who has revitalised the company's drug pipeline over the past decade, highlighted potential blockbusters such as the lung cancer drug Tagrisso, Calquence for leukaemia, and diabetes treatment Farxiga.
4. FTSE 100 live
The FTSE 100 ended the day 7 points lower at 8,416.
5. Britain's economy upgraded, but faces £30bn of tax rises says IMF
GDP (gross domestic product) will grow this year by 0.7% said the IMF, up from 0.5% previously, adding: "The UK economy is approaching a soft landing, with a recovery in growth expected in 2024, strengthening in 2025."