Edition:
United Kingdom

Severn Trent PLC (SVT.L)

SVT.L on London Stock Exchange

2,031.00GBp
22 Feb 2019
Change (% chg)

11.00 (+0.54%)
Prev Close
2,020.00
Open
2,020.00
Day's High
2,045.00
Day's Low
2,004.00
Volume
536,092
Avg. Vol
780,904
52-wk High
2,104.00
52-wk Low
1,678.00

Latest Key Developments (Source: Significant Developments)

Severn Trent Continues To Expect FY Performance In-Line With Expectations & Prior Guidance
Wednesday, 6 Feb 2019 

Feb 6 (Reuters) - Severn Trent PLC ::ST PLC TRADING UPDATE - 1 OCT 2018 TO 6 FEB 2019.FORECAST IN-LINE WITH EXPECTATIONS.BEEN NO MATERIAL CHANGES TO CURRENT YEAR BUSINESS PERFORMANCE OR OUTLOOK SINCE HY18/19 RESULTS PRESENTATION ON 22 NOVEMBER 2018.CONTINUES TO EXPECT THAT GROUP WILL DELIVER FULL-YEAR TRADING PERFORMANCE IN-LINE WITH ITS EXPECTATIONS AND PRIOR GUIDANCE.OFWAT'S DECISION TO INCREASE CAP ON WASTE WATER CUSTOMER ODIS TO PROVIDE OPPORTUNITY TO GET MORE OUTPERFORMANCE PAYMENTS IN FY2019/20.GUIDANCE OF A NET NEUTRAL POSITION FOR FY2018/19 REMAINS UNCHANGED.CAPITAL PROGRAMME IS PROGRESSING WELL AND WE ARE ON TRACK TO DELIVER OUR BIGGEST CAPITAL SPEND IN A DECADE.  Full Article

Severn Trent Welcomes News From Ofwat On Selection As Fast-Track Company
Thursday, 31 Jan 2019 

Jan 31 (Reuters) - Severn Trent PLC ::SEVERN TRENT PLC - SEVERN TRENT SELECTED AS FAST-TRACK COMPANY.SEVERN TRENT - WELCOMES NEWS FROM OFWAT THAT IT HAS BEEN SELECTED AS FAST TRACK CO FOLLOWING ASSESSMENT OF ITS BUSINESS PLAN FOR PERIOD 2020-2025.  Full Article

Water regulator Ofwat gives initial assessment of water co's business plans for 2020-25
Thursday, 31 Jan 2019 

Jan 31 (Reuters) - WATER SERVICES REGULATION AUTHORITY::WATER REGULATOR OFWAT HAS GIVEN ITS INITIAL ASSESSMENT OF WATER COMPANIES' BUSINESS PLANS FOR 2020-25.SEVERN TRENT, SOUTH WEST WATER, UNITED UTILITIES DELIVERED PLANS THAT HAVE ALREADY BEEN GREEN LIGHTED BY OFWAT.ACROSS BOARD, WATER COMPANIES ARE PROPOSING SIGNIFICANT IMPROVEMENTS FOR CUSTOMERS IN PERIOD 2020-25.AFFINITY WATER,HAFREN DYFRDWY,THAMES WATER ,SOUTHERN WATER HAVE MOST WORK TO DO TO MEET OFWAT'S CHALLENGES.  Full Article

Severn Trent Accepts UK Ofwat's Proposal To Increase ODI Cap
Thursday, 13 Dec 2018 

Dec 13 (Reuters) - Severn Trent PLC ::SEVERN TRENT PLC - ST PLC ACCEPTS OFWAT PROPOSAL TO INCREASE ODI CAP.SEVERN TRENT - PROSPECTIVE CHANGES WILL HAVE LIMITED IMPACT ON CUSTOMER ODIS IN REMAINDER OF FY2018/19.SEVERN TRENT - CONTINUE TO GUIDE TO A NET NEUTRAL CUSTOMER ODI POSITION FOR FULL YEAR.SEVERN TRENT PLC - NOW HAVE OPPORTUNITY TO RECEIVE FURTHER OUTPERFORMANCE PAYMENTS IN FY2019/20 FOR SOME OF LONGER TERM CUSTOMER ODIS.SEVERN TRENT PLC - WILL NOW EXPLORE COST BENEFICIAL OPTIONS TO FULLY REALISE OPPORTUNITIES TO RECEIVE FURTHER OUTPERFORMANCE PAYMENTS.  Full Article

UK's OFWAT Confirms Outcome Delivery Proposals For Four Firms
Thursday, 13 Dec 2018 

Dec 13 (Reuters) - UK's OFWAT ::UK'S OFWAT SAYS CONFIRMS OUTCOME DELIVERY PROPOSALS FOR FOUR COMPANIES.UK'S OFWAT SAYS ALSO CONFIRMS IT WILL RESET SEVERN TRENT WATER'S TARGETS FOR SEWER FLOODING AND POLLUTION FROM 1 JAN 2019.UK'S OFWAT SAYS WILL RAISE LIMIT ON MAXIMUM AMOUNT OF OUTPERFORMANCE PAYMENTS SEVERN TRENT WATER CAN RECEIVE.  Full Article

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

UPDATE 1-UK Stocks-Factors to watch on Feb. 6

Feb 6 Britain's FTSE 100 index is seen opening 9 points lower at 7,168 on Wednesday, according to financial bookmaker, with FTSE 100 futures down 0.09 percent ahead of the cash market open. * REDROW: Redrow Plc said on Wednesday cost pressures reduced in the first half for the British homebuilder as subcontract, materials and labour markets eased. * CYBG Plc: Lender CYBG Plc reported a slight rise in mortgage lending in the first quarter of its 2019 fiscal year, while flagging uncert