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Severn Trent PLC (SVT.L)

SVT.L on London Stock Exchange

2,045.00GBp
16 Jan 2018
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2,575.00
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Latest Key Developments (Source: Significant Developments)

UK's ‍Ofwat Says Confirms Outcome Delivery Proposals For 3 Water Companies​
Friday, 15 Dec 2017 

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 

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 

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 

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 announces organisational changes to its Wholesale business
Monday, 4 Sep 2017 

Sept 4 (Reuters) - Severn Trent Plc ::SEVERN TRENT - ‍ORGANISATIONAL CHANGES TO ITS WHOLESALE BUSINESS TO DRIVE FURTHER IMPROVED PERFORMANCE THIS AMP 1.COMPANY IS RESHAPING WHOLESALE BUSINESS TO CREATE THREE TEAMS: CUSTOMER DELIVERY, CAPITAL DELIVERY AND COMMERCIAL, AND PRODUCTION.SEVERN TRENT - ‍CUSTOMER DELIVERY TEAM WILL BE LED BY SARAH BENTLEY, CHIEF CUSTOMER OFFICER, AND WILL BE FOCUSED ON FURTHER IMPROVING CUSTOMER EXPERIENCE​.SEVERN TRENT - CHANGES ANNOUNCED WILL ALLOW SEVERN TRENT TO DELIVER MORE EFFICIENCIES OVER COURSE OF THIS AMP AND MEET CHALLENGES AND OPPORTUNITIES OF AMP7 5.SEVERN TRENT - ‍CAPITAL DELIVERY AND COMMERCIAL TEAM TO BE LED BY COO HELEN MILES, FOCUSED ON ASSET CONSTRUCTION DELIVERY, FURTHER SUPPLY CHAIN EFFICIENCIES​.‍MD WHOLESALE OPERATIONS EMMA FITZGERALD WILL STEP DOWN FROM BOARD IN DECEMBER 2017 AND WILL LEAVE COMPANY IN SUMMER OF 2018​.  Full Article

Severn Trent sees trading performance consistent with its expectations
Wednesday, 20 Jul 2016 

Severn Trent Plc : Trading update for period 1 April to 19 July 2016 . Making good progress with its plans to deliver targeted efficiency savings in second year of AMP6 (1) regulatory period .Considers that group will deliver trading performance consistent with its expectations and prior guidance.  Full Article

Severn Trent FY underlying pretax profit 523 mln stg, down 3.2 pct
Tuesday, 24 May 2016 

Severn Trent Plc : Fy group turnover of £1,787 million, down 0.8% year-on-year due to regulated price decrease . Group underlying pbit of £523 million, down 3.2% . Final dividend of 48.40p, in line with dividend policy, taking 2015/16 dividend to 80.66p . Now forecasting £670 million of totex efficiencies across amp6. Equates to £260 million outperformance . Fy revenue from continuing operations fell 0.8 percent to 1.787 billion stg .Final dividend 48.4 penceper share.  Full Article

BUZZ-Ofwat says does not have full confidence in information from 4 water cos

Nov 30 ** Britain's water industry regulator, Ofwat, said it does not have full confidence in the information provided by four water companies