Key Developments: Severn Trent PLC (SVT.L)
2,042.00GBp
11:42am EDT
-3.00p (-0.15%)
2,045.00p
2,040.00p
2,056.00p
2,036.00p
917,042
838,846
2,170.00p
1,500.00p
Latest Key Developments (Source: Significant Developments)
Severn Trent Plc CEO To Retire
Severn Trent Plc announced that the CEO Tony Wray, has informed the Board of his intention to retire in Spring 2014. The Board of Severn Trent will initiate a process to identify both internal and external candidates for succession to the CEO role. Full Article
Severn Trent Plc Sees FY 2013 Revenue Guidance In Line With Current Market Expectations
Severn Trent Plc announced that for fiscal 2013, it expects revenue to be in line with current market expectations. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of GBP1.833 billion for fiscal 2013. Full Article
Severn Trent Plc Sells Severn Trent Analytical Services to ALS Ltd
Severn Trent Plc announced that it has sold Severn Trent Services' Analytical Services (also known as Severn Trent Laboratories) to ALS Ltd. Severn Trent Analytical Services provides potable, wastewater and contaminated land testing services to United Kingdom commercial and utility customers. Full Article
Severn Trent Plc Plans 13 Year Sterling Bond Sale-DJ
Dow Jones reported that Severn Trent Plc is planning to sell a 13 year, sterling-denominated bond, a bank working on the deal said. Initial price guidance was set in the area of 155-160 basis points over midswaps. BNP Paribas, HSBC, RBS and Santander were lead managers. Full Article
Severn Trent Plc Declares Interim Ordinary Dividend
Severn Trent Plc announced that the board has declared an interim ordinary dividend of 30.34p per share (28.04p per share, +8.2%), which will be paid on January 11, 2013 to shareholders on the register at December 7, 2012. Full Article
Costain Group PLC and Severn Trent Plc Announce New Joint Venture
Costain Group PLC and Severn Trent Plc have entered into a new Joint Venture (JV) to provide complete business water and wastewater management services to high volume commercial and industrial water users. The new entity, Severn Trent Costain, will combine the skills and experience of both Severn Trent Services and engineering solutions provider, Costain, to offer multi-site water users a single supplier for all of their water and waste water requirements, from source to disposal. The two companies will combine parts of their existing operations within the JV in which Costain will have an initial 40% shareholding. Full Article
Severn Trent Plc Announces Interim Dividend
Severn Trent Plc announced that the Board has declared an interim ordinary dividend of GBP0.2804 per share (2010:GBP0.2604 per share), which will be paid on January 13, 2012, to shareholders on the register at December 2, 2011. Full Article
Severn Trent rejects $7.2 billion takeover bid
LONDON - Severn Trent rejected a takeover offer on Wednesday that sources with direct knowledge of the bid valued at just under 20 pounds per share, setting the scene for an extended battle for control of the British water company.
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