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Severn Trent PLC (SVT.L)

SVT.L on London Stock Exchange

2,123.00GBp
22 Nov 2017
Change (% chg)

32.00 (+1.53%)
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2,091.00
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Latest Key Developments (Source: Significant Developments)

UK's OFWAT consults on penalties and payments for 3 water companies​
Tuesday, 31 Oct 2017 05:47am EDT 

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 03:36am EDT 

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 sees FY trading in line with expectations
Wednesday, 19 Jul 2017 02:00am EDT 

July 19 (Reuters) - Severn Trent Plc ::Trading update for period 1 April to 19 July 2017.Due to reclassification of North American business to discont operations, guidance for remainder of business services segment has been upgraded.Board continues to expect that group will deliver full-year trading performance in-line with its expectations and prior guidance.There has been no material change to current year business performance or outlook.  Full Article

Severn Trent announces sale of North American business
Monday, 3 Jul 2017 02:00am EDT 

July 3 (Reuters) - Severn Trent Plc ::Sale of North American business.Announce sale of North American business to US investors PPC Enterprises LLC and Alston Capital Partners LLC.Sale of its north American business (Operating Services, US) to US investors PPC Enterprises LLC and Alston Capital Partners LLC..Will provide a restatement of prior-year results taking account of divestment in its Q1 trading update on 19 July 2017.Sale values business at $62 million (48 million stg); proceeds will be used for general corporate purposes.  Full Article

North Midland Construction gets JV infrastructure contract
Tuesday, 13 Jun 2017 02:37am EDT 

June 13 (Reuters) - North Midland Construction Plc ::Contract win.Gets new JV infrastructure contract for Severn Trent water on Birmingham resilience project worth in excess of 100m mln pounds.As a result of this contract win, results for year to 31 December 2017 are expected to be ahead of management expectations.  Full Article

Severn Trent's says FY revenue from cont ops rose 3.7 pct
Tuesday, 23 May 2017 02:00am EDT 

May 23 (Reuters) - Severn Trent Plc ::FY revenue from continuing operations rose 3.7 percent to 1.819 billion pounds .Final dividend 48.9 pence per share.Total dividend 81.5 pence per share.FY group turnover of £1,819 million, up £66 million.FY group underlying PBIT of £525 million, up £22 million.FY return on regulatory equity (RORE) of 11.0 percent versus. 8.4 percent last year.Proposed final dividend of 48.90 pence, taking 2016/17 dividend to 81.50 pence.For 2017/2018, estimate group's net capital expenditure (cash) under IFRS will be £620 million to £700 million.Dividend for 2017/18 will be 86.55 pence .Closing regulatory capital value at 31 March 2020, including Dee valley and midnight adjustments, is expected to be around £9.5 billion.  Full Article

Severn Trent continues to perform in line with expectations
Tuesday, 31 Jan 2017 02:38am EST 

Severn Trent Plc : Now expects net customer Outcome Delivery Incentive (Odi) rewards for full-year 2016/17 to be ahead of previous guidance of 15 million stg . Now expects to at least meet or exceed level achieved last year (23.2 million stg, pre-tax at 12/13 prices) .No material change to other technical guidance for full year and Severn Trent confirms that it continues to perform in line with expectations.  Full Article

Dee Valley gives update on Severn Trent deal court meeting
Wednesday, 11 Jan 2017 02:00am EST 

Dee Valley Group : Court direction re Severn Trent scheme meeting . Dee valley group - it has come to attention that a series of c.445 recent transfers of small holdings in voting ordinary shares have taken place .Board considers it appropriate for Court to determine whether votes subject to transfers should count at court meeting.  Full Article

UK's Ofwat awards 18.8 mln stg to Severn Trent on performance
Thursday, 15 Dec 2016 02:25am EST 

UK's Ofwat : publishes final ODI determinations . Severn Trent water beat commitments on category 3 pollution incidents by 32 pct, internal sewer flooding by 21 pct . Severn Trent water beat its commitments on external sewer flooding by 7 pct and leakage by 2 pct . Severn Trent Plc performance results in a performance reward worth 18.8 mln stg. . South West Water will incur a 1.7 mln stg penalty for missing targets, mostly connected with significant wastewater pollution incidents Further company coverage: [SVT.L] [UU.L] (Bengaluru Newsroom: +91 806 749 1136).  Full Article

Severn Trent says will be supportive long term owner of Dee Valley
Friday, 25 Nov 2016 08:11am EST 

Severn Trent Plc : response to Ancala offer document for Dee Valley . Notes that board of Dee Valley intends to work with Severn Trent in implementing as soon as possible terms of revised scheme .Will be a supportive long term owner of Dee Valley as local water business for its area.  Full Article

BRIEF-Severn Trent announces organisational changes to its Wholesale business

* SEVERN TRENT - ‍ORGANISATIONAL CHANGES TO ITS WHOLESALE BUSINESS TO DRIVE FURTHER IMPROVED PERFORMANCE THIS AMP 1