Sunday newspaper round-up: The Restaurant Group, Severn Trent, Facebook
21st May 2023 14:45
(Sharecast News) - The Restaurant Group, owner of the Wagamama chain, is under increasing pressure to break up after TMR Capital proposed last week to management that it sell all its brands save that one. TMR was the fourth activist shareholder to make the case for change. Under the plans presented by TMR, Restaurant group should then focus on expanding the chain before going private via a sale. The clash on strategy comes amid a surge in the cost of ingredients, energy and salaries. - The Sunday Telegraph
Read moreRBC Capital downgrades Pennon, Severn Trent
13th Feb 2023 07:28
(Sharecast News) - RBC Capital Markets downgraded Pennon and Severn Trent on Monday.
Read moreSevern Trent delivers 'strong service' amid dry summer and 'challenging' winter
8th Feb 2023 07:11
(Sharecast News) - Water supply company Severn Trent said on Wednesday that it had continued to deliver "a strong service" for its customers despite the driest summer on record and a "challenging" winter.
Read moreSevern Trent CFO to step down
1st Feb 2023 07:59
(Sharecast News) - Severn Trent said James Bowling was retiring chief financial officer in July 2023 after eight years with the water utility and would be replaced by Helen Miles, currently the company's capital and commercial services director.
Read moreWater companies 'falling short' of expectations - Ofwat
13th Dec 2022 08:57
(Sharecast News) - Water companies need to take urgent action to reduce pollution and improve customer service, the regulator warned on Tuesday.
Read moreOfwat slams water cos over dividend payments, poor performance
8th Dec 2022 11:04
(Sharecast News) - The UK's water regulator has slammed some of the country's major providers over the size of dividend payments relative to their financial and operational performance.
Read moreJPMorgan downgrades United Utilities
6th Dec 2022 13:37
(Sharecast News) - JPMorgan Cazenove downgraded United Utilities on Tuesday as it took a look at the UK water sector.
Read moreSevern Trent turns in 'robust' first-half performance
22nd Nov 2022 07:18
(Sharecast News) - Severn Trent announced on Tuesday morning that it was guiding for a double-digit real return on regulated equity for the full 2023 financial year, after a "robust" first half.
Read moreEnergy firms rally as Hunt scales back support package
17th Oct 2022 11:39
(Sharecast News) - Energy firms rallied on Monday as chancellor Jeremy Hunt announced in his emergency statement that energy support in the form of a freeze on bills will be reviewed in April.
Read moreRBC Capital upgrades Pennon, Severn Trent to 'outperform'
4th Oct 2022 14:18
(Sharecast News) - RBC Capital Markets upgraded both Pennon and Severn Trent on Tuesday to 'outperform' from 'sector perform'.
Read moreSevern Trent makes 'good start' to the year
14th Jul 2022 07:22
(Sharecast News) - Water supply company Severn Trent said on Thursday that it had made "a good start" to the year operationally, with the group now expecting to receive at least £50.0m in outcome delivery incentive outperformance payments in 2023.
Read moreJPMorgan downgrades Severn Trent as it turns cautious on water sector
28th Jun 2022 09:46
(Sharecast News) - JPMorgan Cazenove downgraded Severn Trent on Tuesday as it took a look at the UK water sector.
Read moreRevenues rebound at Severn Trent
25th May 2022 10:37
(Sharecast News) - Severn Trent reported a jump in annual revenues on Wednesday, as consumption returned to pre-pandemic levels.
Read moreFTSE 100 movers: Defensives wanted amid hawkish Fed comments
22nd Apr 2022 16:41
(Sharecast News) - Defensive issues were wanted on Friday after US Federal Reserve President, Jerome Powell, told an audience the night before that a 50 basis point interest rate hike at the 4 May policy meeting was in play.
Read moreSevern Trent points to 'strong operational performance' across all business areas
2nd Feb 2022 07:09
(Sharecast News) - Water services company Severn Trent said on Wednesday that its "strong operational performance" was "evident" across all areas of its business.
Read more