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United Kingdom

Severn Trent PLC (SVT.L)

SVT.L on London Stock Exchange

1,844.50GBp
17 Oct 2018
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Latest Key Developments (Source: Significant Developments)

Severn Trent Expects To Spend 6.6 Bln Stg Over 2020-2025
Monday, 3 Sep 2018 

Sept 3 (Reuters) - Severn Trent PLC ::SEVERN TRENT PLC SEES TOTAL EXPENDITURE OF £6.6 BILLION OVER 2020-2025.PROPOSING FOR A NEW COMMUNITY DIVIDEND OF 1% OF PROFITS EACH YEAR.BUSINESS PLAN INCLUDES A REAL BILL REDUCTION OF 5%.  Full Article

Severn Trent To Buy Agrivert For 120 Mln Stg
Thursday, 30 Aug 2018 

Aug 30 (Reuters) - Severn Trent PLC ::SEVERN TRENT PLC - SEVERN TRENT PLC - PURCHASE OF AGRIVERT.SEVERN TRENT PLC - PROPOSED DEAL FOR TOTAL CONSIDERATION OF £120 MILLION..SEVERN TRENT PLC - PURCHASE OF AGRIVERT HOLDINGS LTD AND ITS SUBSIDIARIES CONTAINING UK OPERATING BUSINESSES.SEVERN TRENT PLC - PROPOSED DEAL WILL BE PAID FROM EXISTING CASH AND BANK FACILITIES, INCLUDING REPAYMENT OF APPROXIMATELY £60 MILLION OF DEBT AT CLOSING.SEVERN TRENT PLC - EY CORPORATE FINANCE ACTED AS SOLE FINANCIAL ADVISER TO SEVERN TRENT.SEVERN TRENT PLC - ACQUISITION OF AGRIVERT WILL ADD 106 GWH PER ANNUM OF ENERGY GENERATION TO SEVERN TRENT'S BROADER ENERGY AND RENEWABLES PORTFOLIO.SEVERN TRENT PLC - PURCHASE OF AGRIVERT UK WILL TAKE SEVERN TRENT'S INVESTMENT IN ENERGY AND RENEWABLES TO APPROXIMATELY £300M BY 2020.  Full Article

Severn Trent Sees To Deliver FY Trading Performance In Line With Expectations
Wednesday, 18 Jul 2018 

July 18 (Reuters) - Severn Trent PLC ::SAYS ON TRACK WITH £100 MILLION REINVESTMENT ANNOUNCED IN MAY WHICH WILL BENEFIT OUR CUSTOMERS AS WE PREPARE FOR AMP7.NO MATERIAL CHANGE TO CURRENT YEAR BUSINESS PERFORMANCE OR OUTLOOK SINCE FULL-YEAR 2017/18 RESULTS PRESENTATION ON 23 MAY 2018.BOARD CONTINUES TO EXPECT THAT GROUP WILL DELIVER FULL-YEAR TRADING PERFORMANCE IN- LINE WITH ITS EXPECTATIONS AND PRIOR GUIDANCE.  Full Article

Severn Trent FY Revenue From Continuing Operations Rose 3.4 Percent To 1.694 Billion Stg
Wednesday, 23 May 2018 

May 23 (Reuters) - Severn Trent PLC ::FY REVENUE FROM CONTINUING OPERATIONS ROSE 3.4 PERCENT TO 1.694 BILLION STG.FINAL DIVIDEND 51.92 PENCEPER SHARE.TOTAL DIVIDEND 86.55 PENCEPER SHARE.FY GROUP TURNOVER OF £1,694 MILLION, AN INCREASE OF £56 MILLION.FY GROUP UNDERLYING PBIT OF £541 MILLION, UP £21 MILLION.FY CUSTOMER ODIS : STRONG SERVICE DELIVERY EARNING A NET OUTPERFORMANCE PAYMENT OF £80 MILLION.FY EFFICIENCIES: FORECAST AMP6 TOTEX EFFICIENCIES 3 INCREASED FROM £770 MILLION TO £870 MILLION..YEAR-END GUIDANCE FOR REGULATED WATER AND WASTE WATER TURNOVER £1.62 BILLION TO £1.65 BILLION.SEVERN TRENT - 2018/2019 CUSTOMER ODIS EXPECTED TO OUTTURN IN NET NEUTRAL POSITION AS ONLY £7M OF WASTE CAP REMAINS, WHICH WE EXPECT TO HIT IN 2018/19.SEES 2018/19 GROUP CAPEX £650 MILLION TO £750 MILLION.  Full Article

Severn Trent sells land in Nottingham for 21.8 mln stg
Tuesday, 1 May 2018 

May 1 (Reuters) - Severn Trent PLC ::SALE OF LAND IN NOTTINGHAM.SALE VALUES LAND AT £21.8 MILLION, REALISING A GROUP PROFIT OF £18.2 MILLION 1 IN YEAR ENDED 31 ST MARCH 2019..PAYMENTS WILL BE MADE IN CASH AND PHASED OVER LIFE OF PROJECT WITH £2.3 MILLION PAYABLE NOW AND REMAINDER PHASED EVENLY OVER 5 FURTHER YEARLY PAYMENTS OF £3.9 MILLION EACH ENDING ON 30TH APRIL 2023..  Full Article

UK's ‍Ofwat Says Confirms Outcome Delivery Proposals For 3 Water Companies​
Friday, 15 Dec 2017 

Dec 15 (Reuters) - UK's ‍Ofwat::CONFIRMS OUTCOME DELIVERY PROPOSALS FOR THREE WATER COMPANIES​.TO APPLY NET UNDERPERFORMANCE PENALTY TO SOUTH WEST WATER OF £2.09M WHICH REFLECTS UNDERPERFORMANCE ON POLLUTION INCIDENTS ACROSS LAST 2 YRS.‍HAS AGREED THAT SEVERN TRENT SHOULD TAKE ONLY £11.4M OF PAYMENT NEXT YEAR​.‍SEVERN TRENT WATER HAS DONE BETTER THAN EXPECTED IN REDUCING SEWER FLOODING WHICH WILL RESULT IN NET OUTPERFORMANCE PAYMENT OF £38.4M​.‍HAS ALSO APPROVED AN OUTPERFORMANCE PAYMENT OF £2.6M FOR ANGLIAN WATER REFLECTING ITS REDUCTION IN LEAKAGE LEVELS."AGREED THAT SEVERN TRENT SHOULD TAKE ONLY £11.4M OF PAYMENT NEXT YEAR"​.  Full Article

Severn Trent says HY underlying basic EPS up 7.7 pct to 65.9 pence
Thursday, 23 Nov 2017 

Nov 23 (Reuters) - SEVERN TRENT PLC ::HALF YEAR REVENUE FROM CONTINUING OPERATIONS ROSE 3.7 PERCENT TO 850.4 MILLION STG.‍GROUP UNDERLYING PBIT OF £287.8 MILLION, UP £12.1 MILLION (4.4%)​.‍INTERIM DIVIDEND OF 34.63P (UP 6.2%)​.‍NOW FORECAST NET OUTPERFORMANCE PAYMENTS OF AT LEAST £50 MILLION, AND EXPECT TO HIT WASTE CAP FOR AMP6​.‍FORECASTING £770 MILLION 7 AMP6 EFFICIENCIES, WITH FURTHER £50 MILLION LOCKED IN DURING H1 2017/18.‍HY GROUP TURNOVER OF £850.4 MILLION, UP £30.4 MILLION​.HY ‍UNDERLYING BASIC EPS OF 65.9 PENCE​.‍2017/2018 WHOLESALE TOTEX FOR REGULATED WATER AND WASTE WATER IS EXPECTED TO BE £1.20 BILLION TO £1.30 BILLION​.2017/2018 ‍ESTIMATE GROUP'S NET CAPITAL EXPENDITURE (CASH) UNDER IFRS WILL BE £620 MILLION TO £700 MILLION​.  Full Article

UK's OFWAT consults on penalties and payments for 3 water companies​
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - UK's Water Services Regulation Authority::‍TO APPLY UNDERPERFORMANCE PENALTY TO SOUTH WEST WATER OF 2.09 MILLION STG FOR UNDERPERFORMANCE ON POLLUTION INCIDENTS OVER LAST TWO YEARS​.CONSULTS ON UNDERPERFORMANCE PENALTIES AND OUTPERFORMANCE PAYMENTS FOR THREE WATER COMPANIES​.‍WILL BEGIN CONSULTING ON PROPOSALS TO ADJUST PRICE CONTROLS FOR 3 OF 18 WATER COMPANIES IN ENGLAND, WALES, TO BE APPLIED FROM APRIL 2018.‍ALL WATER COMPANIES HAVE COMMITTED TO IMPROVE THEIR PERFORMANCE FOR 2015-20 BASED ON CUSTOMER CONSULTATION​.IS PROPOSING THAT FROM 2020, ALL COMPANIES WILL RECEIVE SOME OF THEIR PENALTIES AND PAYMENTS CLOSE TO PERFORMANCE IN QUESTION​.‍SEVERN TRENT WATER'S PROGRESS IN REDUCING SEWER FLOODING, PERFORMANCE IN OTHER AREAS, RESULTS IN PROPOSED NET OUTPERFORMANCE PAYMENT OF £38.4 MILLION​.  Full Article

‍Ofwat consults on penalties and payments for 3 water companies​
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - ‍Ofwat:‍OFWAT-CONSULTS ON UNDERPERFORMANCE PENALTIES AND OUTPERFORMANCE PAYMENTS FOR THREE WATER COMPANIES​.OFWAT - ‍WILL BEGIN CONSULTING ON PROPOSALS TO ADJUST PRICE CONTROLS FOR 3 OF 18 WATER COMPANIES IN ENGLAND, WALES, TO BE APPLIED FROM APRIL 2018.OFWAT- ‍ALL WATER COMPANIES HAVE COMMITTED TO IMPROVE THEIR PERFORMANCE FOR 2015-20 BASED ON CUSTOMER CONSULTATION​.UK'S OFWAT - ‍ TO APPLY UNDERPERFORMANCE PENALTY TO SOUTH WEST WATER OF £1.08M FOR UNDERPERFORMANCE ON POLLUTION INCIDENTS OVER LAST TWO YEARS​.‍OFWAT- IS PROPOSING THAT FROM 2020, ALL COMPANIES WILL RECEIVE SOME OF THEIR PENALTIES AND PAYMENTS CLOSE TO PERFORMANCE IN QUESTION​.OFWAT - ‍SEVERN TRENT WATER'S PROGRESS IN REDUCING SEWER FLOODING, PERFORMANCE IN OTHER AREAS, RESULTS IN PROPOSED NET OUTPERFORMANCE PAYMENT OF £38.4 MILLION​.  Full Article

Severn Trent announces organisational changes to its Wholesale business
Monday, 4 Sep 2017 

Sept 4 (Reuters) - Severn Trent Plc ::SEVERN TRENT - ‍ORGANISATIONAL CHANGES TO ITS WHOLESALE BUSINESS TO DRIVE FURTHER IMPROVED PERFORMANCE THIS AMP 1.COMPANY IS RESHAPING WHOLESALE BUSINESS TO CREATE THREE TEAMS: CUSTOMER DELIVERY, CAPITAL DELIVERY AND COMMERCIAL, AND PRODUCTION.SEVERN TRENT - ‍CUSTOMER DELIVERY TEAM WILL BE LED BY SARAH BENTLEY, CHIEF CUSTOMER OFFICER, AND WILL BE FOCUSED ON FURTHER IMPROVING CUSTOMER EXPERIENCE​.SEVERN TRENT - CHANGES ANNOUNCED WILL ALLOW SEVERN TRENT TO DELIVER MORE EFFICIENCIES OVER COURSE OF THIS AMP AND MEET CHALLENGES AND OPPORTUNITIES OF AMP7 5.SEVERN TRENT - ‍CAPITAL DELIVERY AND COMMERCIAL TEAM TO BE LED BY COO HELEN MILES, FOCUSED ON ASSET CONSTRUCTION DELIVERY, FURTHER SUPPLY CHAIN EFFICIENCIES​.‍MD WHOLESALE OPERATIONS EMMA FITZGERALD WILL STEP DOWN FROM BOARD IN DECEMBER 2017 AND WILL LEAVE COMPANY IN SUMMER OF 2018​.  Full Article

United Utilities sees higher first-half profit, revenue

United Utilities Group said on Friday it expected underlying operating profit and revenue for the first half of the year to be higher, even as it promised to reduce leakages and improve service while controlling prices.