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Severn Trent PLC (SVT.L)

SVT.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Severn Trent Says Concerned About Investment In Case Of A Re-nationalisation
Tuesday, 21 May 2019 

May 21 (Reuters) - Severn Trent Plc ::SEVERN TRENT SAYS CONCERNED ABOUT INVESTMENT IN CASE OF A RENATIONALISATION OF WATER UTILITIES - CALL.  Full Article

Severn Trent Says Renationalisation Of Water Industry Remains Possibility In Event Of Change Of Govt
Tuesday, 21 May 2019 

May 21 (Reuters) - Severn Trent PLC ::FY REVENUE FROM CONTINUING OPERATIONS ROSE 4.2 PERCENT TO 1.767 BILLION STG.CONTINUED MOMENTUM AND FAST-TRACK STATUS BUILDING A STRONG PLATFORM FOR AMP7.FY GROUP TURNOVER OF £1,767 MILLION, UP £71 MILLION (4.2%).FY GROUP UNDERLYING PBIT OF £574 MILLION, UP £34 MILLION (6.3%) HAVING ABSORBED ALL HOT WEATHER COSTS.FY GROUP REPORTED PBIT OF £563 MILLION , UP £36 MILLION (6.8%).PROPOSED FINAL DIVIDEND OF 56.02 PENCE, IN LINE WITH POLICY.ON TRACK TO EXCEED 50% RENEWABLE ENERGY SELF-GENERATION TARGET IN FY19/20.STRONG SECOND HALF OF OPERATIONAL IMPROVEMENTS IN WATER GIVES CONFIDENCE IN FY19/20 AND BEYOND.CUMULATIVE AMP6 ODI OUTPERFORMANCE OF £138 MILLION, INCLUDING NET £4.5 MILLION PENALTY FOR FY18/19.SEES 2019/20 GROUP CAPEX £700 MILLION TO £800 MILLION.RENATIONALISATION OF WATER INDUSTRY REMAINS A POSSIBILITY IN EVENT OF A CHANGE OF GOVERNMENT.SEVERN TRENT - ENGAGING WITH GOVERNMENT, MPS, WELSH GOVERNMENT, REGULATORS AND OTHER STAKEHOLDERS ABOUT FUTURE SHAPE AND DIRECTION OF WATER SECTOR.SEVERN TRENT- ASSOCIATED CHANGES IN GOVERNMENT POLICY MAY FUNDAMENTALLY IMPACT OUR ABILITY TO DELIVER STRATEGIC OBJECTIVES, IMPACTING SHAREHOLDER VALUE.  Full Article

Severn Trent Receives Draft Determination From Ofwat
Thursday, 11 Apr 2019 

April 11 (Reuters) - Severn Trent PLC ::SEVERN TRENT WATER DRAFT DETERMINATION FOR AMP7.HAVE RECEIVED DRAFT DETERMINATION FROM OFWAT WHICH CONFIRMED OUR FAST-TRACK STATUS FOR BUSINESS PLAN PERIOD 2020 TO 2025.WILL RESPOND TO OFWAT BY 24 MAY AND LOOK FORWARD TO CONTINUED CONSTRUCTIVE DIALOGUE UNTIL FINAL DETERMINATION ON DEC 11.  Full Article

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