Severn Trent PLC (SVT.L)
12 Dec 2018
Latest Key Developments (Source: Significant Developments)
Nov 22 (Reuters) - Severn Trent Plc
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
Oct 19 (Reuters) - Severn Trent PLC
Sept 3 (Reuters) - Severn Trent PLC
Aug 30 (Reuters) - Severn Trent PLC
July 18 (Reuters) - Severn Trent PLC
May 23 (Reuters) - Severn Trent PLC
May 1 (Reuters) - Severn Trent PLC
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
Nov 23 (Reuters) - SEVERN TRENT PLC
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
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