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Severn Trent PLC (SVT.L)

SVT.L on London Stock Exchange

2,063.00GBp
12:02pm EDT
Change (% chg)

-33.00 (-1.57%)
Prev Close
2,096.00
Open
2,116.00
Day's High
2,116.00
Day's Low
2,057.00
Volume
1,408,313
Avg. Vol
812,713
52-wk High
2,129.00
52-wk Low
1,757.01

Latest Key Developments (Source: Significant Developments)

UK CMA Updates On Review Of Energy Prepayment Price Cap
Friday, 7 Jun 2019 02:00am EDT 

June 7 (Reuters) - National Grid PLC ::COMPETITION AND MKTS - UPDATE ON REVIEW OF ENERGY PREPAYMENT PRICE CAP.UK'S CMA - PUBLISHED PROVISIONAL DECISION TO ADJUST METHODOLOGY USED TO CALCULATE ITS PREPAYMENT PRICE CAP IN ORDER TO BETTER REFLECT COSTS.UK'S CMA - PROVISIONAL RECOMMENDATION TO OFGEM TO EXTEND PROTECTION TO PREPAYMENT CUSTOMERS BEYOND END OF 2020, AFTER DELAY ROLL-OUT OF SMART METERS.  Full Article

Severn Trent Says Andrew Duff Intends To Step Down As Chairman
Tuesday, 7 May 2019 05:08am EDT 

May 7 (Reuters) - Severn Trent PLC ::ST PLC - SUCCESSION PLAN TO APPOINT NEW CHAIRMAN.ANDREW DUFF HAS INFORMED BOARD OF HIS INTENTION TO STEP DOWN AS CHAIRMAN.NOMINATIONS COMMITTEE, LED BY SENIOR INDEPENDENT DIRECTOR KEVIN BEESTON, OVERSEEING PROCESS AHEAD OF MAKING FORMAL RECOMMENDATION.BOARD HAS STARTED PROCESS TO FIND A SUCCESSOR FOR ANDREW DUFF.  Full Article

Water Services Authority Says Water Bills Set To Fall According To Ofwat
Thursday, 11 Apr 2019 02:00am EDT 

April 11 (Reuters) - Water Services Regulation Authority::OFWAT - 7.9M HOUSEHOLDS IN NORTH WEST, SOUTH WEST AND MIDLANDS COULD SEE THEIR WATER BILLS FALL BY AS MUCH AS £70 BEFORE INFLATION BY 2025.OFWAT - DRAFT DECISIONS FOR 2020 TO 2025 MEANS UNITED UTILITIES, SOUTH WEST WATER, SEVERN TRENT SPENDING £1.2 BILLION TO REDUCE POLLUTION.OFWAT - DRAFT DECISIONS FOR 2020 TO 2025 MEANS UNITED UTILITIES, SOUTH WEST WATER, SEVERN TRENT WOULD NEED TO CUT LEAKAGE BY AT LEAST 15% BY 2025.OFWAT - UNITED UTILITIES, SOUTH WEST WATER, SEVERN TRENT WOULD NEED TO PROVIDE HELP FOR 300,000 CUSTOMERS STRUGGLING TO PAY BY 2025.  Full Article

Severn Trent Assessing Ofwat Proposal To Increase ODI Cap
Thursday, 1 Nov 2018 07:04am EDT 

Nov 1 (Reuters) - Severn Trent PLC ::SEVERN TRENT PLC - SVT CONSIDERING OFWAT PROPOSAL TO INCREASE ODI CAP.SEVERN TRENT PLC - WILL NOW ASSESS PROPOSAL OUTLINED IN CONSULTATION DOCUMENT AND RESPOND TO OFWAT IN DUE COURSE.  Full Article

Severn Trent Continues To Expect To Deliver FY 17/18 Trading Performance In Line With Expectations​
Wednesday, 7 Feb 2018 02:00am EST 

Feb 7 (Reuters) - Severn Trent Plc ::‍BOARD CONTINUES TO EXPECT THAT GROUP WILL DELIVER FY17/18 TRADING PERFORMANCE IN LINE WITH ITS EXPECTATIONS​.‍REAFFIRM THAT AT LEAST £50 MILLION CUSTOMER ODI OUTPERFORMANCE PAYMENTS ARE EXPECTED TO BE EARNED THIS YEAR​.ON TRACK TO GENERATE EQUIVALENT OF 50% OF OUR ENERGY NEEDS BY 2020​.  Full Article

UK's ‍Ofwat Says Confirms Outcome Delivery Proposals For 3 Water Companies​
Friday, 15 Dec 2017 02:16am EST 

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 02:00am EST 

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'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