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United Kingdom

Severn Trent PLC (SVT.L)

SVT.L on London Stock Exchange

1,887.50GBp
12 Dec 2018
Change (% chg)

67.50 (+3.71%)
Prev Close
1,820.00
Open
1,825.00
Day's High
1,897.50
Day's Low
1,813.00
Volume
781,803
Avg. Vol
810,065
52-wk High
2,179.00
52-wk Low
1,664.00

Latest Key Developments (Source: Significant Developments)

Severn Trent's HY Rev From Cont Ops Rose 3.6 Pct To 881.5 Mln Stg
Thursday, 22 Nov 2018 

Nov 22 (Reuters) - Severn Trent Plc ::HALF YEAR REVENUE FROM CONTINUING OPERATIONS ROSE 3.6 PERCENT TO 881.5 MILLION STG.HY ODIS IN LINE WITH EXPECTATIONS MAINTAINING SECTOR LEADING AMP6 ODI PERFORMANCE OF 150 MILLION STG TO DATE.CAPEX OF 340 MILLION STG IN FIRST SIX MONTHS OF YEAR AND ON TRACK FOR OVER 650 MILLION STG BY END OF YEAR.LOCKED IN C.95 PCT OF 870 MILLION STG TOTEX EFFICIENCIES IN HY, 100 MILLION POUNDS REINVESTMENT ON TRACK SETTING OURSELVES UP FOR A FAST START IN AMP7.HY GROUP UNDERLYING PBIT OF 299.1 MILLION STG, UP 12.4 MILLION STG (4.3 PCT).HY GROUP REPORTED PBIT 299.1 MILLION STG, UP 4.1 MILLION STG (1.4 PCT).INTERIM DIVIDEND OF 37.35P (UP 7.9 PCT).  Full Article

UK's Ofwat To Start Consulting On Outperformance, Underperformance Payments For 4 Water Cos
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - UK's OFWAT::TO BEGIN CONSULTING ON OUTPERFORMANCE, UNDERPERFORMANCE PAYMENTS FOR 4 OF 17 WATER COS IN ENGLAND, WALES, TO BE APPLIED FROM APRIL 2019.PROPOSES TO APPLY A NET UNDERPERFORMANCE PAYMENT OF £0.27M TO SOUTH WEST WATER.PROPOSES SEVERN TRENT TAKES £24.9M OF OUTPERFORMANCE PAYMENT FOR WASTEWATER SERVICES NOW; ADDITIONAL OUTPERFORMANCE PAYMENT DEFERRED UNTIL 2020.PROPOSES SEVERN TRENT MAKES A NET UNDERPERFORMANCE PAYMENT OF £29.6M FOR WATER SERVICES.NEW WATER CO HAFREN DYFRDWY INCURRED PROPOSED NET UNDERPERFORMANCE PAYMENT OF £62K RELATING TO AREA FORMERLY SERVED BY SEVERN TRENT WATER.ALSO CONSULTING ON CHANGES TO HOW SEVERN TRENT WATER'S OUTPERFORMANCE AND UNDERPERFORMANCE PAYMENTS ARE CALCULATED IN FUTURE.PROPOSES TO REDUCE RATE AT WHICH OUTPERFORMANCE PAYMENTS ARE EARNED.  Full Article

UK's Environment Agency Issues Environmental Permit To Severn Trent Green Power Ltd For Plant
Friday, 19 Oct 2018 

Oct 19 (Reuters) - Severn Trent PLC ::UK'S ENVIRONMENT AGENCY - SEVERN TRENT GREEN POWER LTD ISSUED ENVIRONMENTAL PERMIT FOR DERBY FOOD WASTE ANAEROBIC DIGESTION PLANT.  Full Article

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 Stocks-Factors to watch on Nov 29

Britain's FTSE 100 index is seen opening 34 points higher at 7,038 points on Thursday, according to financial bookmakers. * OIL: Oil prices ticked higher on Thursday on optimism that trade talks at the G20 meeting could aid the global economy and improve the demand outlook, while an increase in U.S. crude inventories to their highest in a year curbed gains. * GOLD: Gold prices firmed on Thursday as the dollar faltered following dovish comments from U.S. Federal Reserve Chair Jerome Po