Utilities rally as in-line Ofgem price cap provides clarity
6th Sep 2018 10:18
(Sharecast News) - London-listed utilities rallied on Thursday as investors breathed a sigh of relief after Ofgem's proposed price cap came in in line with expectations, ending uncertainty for the sector.
Read moreSevern Trent pledges 'community dividend' after water failures
3rd Sep 2018 07:21
(Sharecast News) - Water company Severn Trent, along with its industry peers, has submitted its business plans for the next five-year period to regulator Ofwat, including a 9.6% increase in total spending to £6.6bn.
Read moreSevern Trent to buy Agrivert Holdings for £120m
30th Aug 2018 11:16
(Sharecast News) - Severn Trent has announced the acquisition of Agrivert Holdings, which specialises in sustainable and cost-effective food waste recycling, for £120m.
Read moreOfwat's rethink is good news for water companies, HSBC says
28th Aug 2018 10:09
(Sharecast News) - The water regulator's August position paper took a step back from an earlier more prescriptive stance, relieving concerns about Pennon, Severn Trent and United Utilities, HSBC said.
Read moreSevern Trent lifts guidance substantially
31st Jan 2017 07:10
(ShareCast News) - Water and wastewater company Severn Trent released a trading update for the three months to 31 December on Tuesday, saying that after a "strong operational performance" in the third quarter, it now expected net customer outcome delivery incentive rewards for the full-year 2016-17
Read moreCMA clears Severn Trent acquisition of Dee Valley
16th Dec 2016 09:48
(ShareCast News) - The Competition and Markets Authority has cleared Severn Trent's acquisition of Dee Valley Group. The regulator said on Friday that it has decided not to refer the acquisition to a phase 2 investigation. Liv Garfield, chief executive officer of Severn Trent, said: "I am obviously
Read moreSunday share tips: Severn Trent, Assura, Hotel Chocolat
11th Dec 2016 15:50
(ShareCast News) - Severn Trent shares are a 'buy' for the Sunday Times' Inside the City column. Not only are the water company's stock paying a 3.7% dividend yield, but infrastructure investors have been hunting for value in the sector in recent years. For example, National Grid's sale of a majorit
Read moreSevern Trent: Dee Valley shouldn't sell shares to Ancala after £84m bid
25th Nov 2016 13:19
(ShareCast News) - Dee Valley shareholders should take no action in respect of Ancala Fronia's previous revised bid for the water company, Severn Trent said on Friday. FTSE 100-listed Severn Trent said if Dee Valley shareholders want to accept its bid "it should take no action in respect of the Anca
Read moreLondon close: UK stocks subdued on US Thanksgiving as resources in focus
24th Nov 2016 16:41
(ShareCast News) - UK stocks were in cautious form all day Thursday, with global markets generally subdued as traders in the US put their feet up for a Thanksgiving break. The FTSE 100 closed up 0.17% to 6,829.20. The FTSE 250 ended the session down 0.18% to 17,590.62. On the blue-chip upside, seve
Read moreSevern Trent interims on the rise
24th Nov 2016 07:10
(ShareCast News) - Water company Severn Trent said interim profits before interest and tax rose 10.8% to £299.4m. Turnover rose 3.2% to £906.8m. The interim dividend rose 32.6p a share from 32.26p a share. Reported pre-tax profits rose to £185m from £175.3m. Turnover for the Regulated Water and
Read moreBroker tips: Wolseley, Severn Trent, Hunting
23rd Nov 2016 16:09
(ShareCast News) - Canaccord Genuity hiked its target on Wolseley ahead of the builders merchant's first quarter update. All eyes would be on its performance in the US, the broker believed. Nonetheless, while trading in the first three months of the year would benefit from its exposure to the State
Read moreThursday preview: German IFO business confidence index in focus
23rd Nov 2016 16:03
(ShareCast News) - Trading was expected to be light on Thursday, with market moves across asset classes likely limited by the absence of many traders from their desks due to the Thanksgiving break in the States. Nonetheless, the IFO institute´s gauge of German business confidence for the month of No
Read moreHSBC highlights defensive attractions of Severn Trent
23rd Nov 2016 12:51
(ShareCast News) - HSBC raised its target price on Severnt Trent and stuck to its 'hold' recommendation due to the attractions of its 'defensive' nature. That was despite the fact that Severn Trent had been the strongest performer of its UK regulated peers in 2016, with its shares rising by 20% vers
Read moreSevern Trent considering options after Ancala lifts bid for Dee Valley
23rd Nov 2016 10:01
(ShareCast News) - Water company Severn Trent said it was considering its options after Ancala Fornia gazumped its bid for smaller water services provider Dee Valley Group. The FTSE 100-listed company acknowledged Ancala's offer and said it was continuing to "consider its options" while shareholders
Read moreSevern Trent to buy Dee Valley for £78.5m
16th Nov 2016 07:07
(ShareCast News) - Severn Trent has agreed to buy smaller listed water service provider Dee Valley Group for about £78.5m, gazumping a rival that had previously shaken hands on a deal. Ancala Fornia, an infrastructure investment manager, had agreed to buy Dee Valley for about £71.3m in October, but
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