Morgan Stanley upbeat for utilities in 2024
11th Dec 2023 11:02
(Sharecast News) - Morgan Stanley has reiterated its 'overweight' recommendations for SSE and Severn Trent, on expectations European utilities will outperform in 2024.
Read moreLondon close: Stocks mixed after US, Europe inflation data
30th Nov 2023 15:16
(Sharecast News) - London's markets finished with a mixed performance on Thursday, with the top-flight index lifted by the likes of BP and Shell.
Read moreSevern Trent on track to grow annual profits despite weaker first half
22nd Nov 2023 08:01
(Sharecast News) - Wales and Midlands water supply company Severn Trent said it still expects to grow profits this year despite a weaker bottom line in the first half - a period categorised by unprecedented levels of investment across its network.
Read moreJefferies upgrades UK water companies
16th Oct 2023 13:50
(Sharecast News) - Jefferies upgraded Severn Trent, United Utilities and Pennon on Monday as it took a look at the UK water sector.
Read moreLondon close: Stocks finish in the red after raft of global data
4th Oct 2023 16:33
(Sharecast News) - London stocks retreated on Wednesday, reversing earlier gains as investors contended with suboptimal data from the UK services sector and the US jobs market.
Read moreJPMorgan upgrades Severn Trent to 'neutral'
4th Oct 2023 08:40
(Sharecast News) - JPMorgan Cazenove upgraded its stance on Severn Trent on Wednesday as it took a look at the UK water sector.
Read moreLondon close: Stocks finish firmer after upward revision to UK GDP
29th Sep 2023 16:15
(Sharecast News) - Stocks in London ended the week on an optimistic note as investors took time to assess many indicators, including encouraging news regarding the UK's economic growth.
Read moreSevern Trent announces record investment plan, £1bn placing
29th Sep 2023 07:23
(Sharecast News) - Severn Trent announced a record investment of £12.9bn for the regulatory cycle from 1 April 2025 to 31 March 2030 on Friday, including a £1bn placing to help fund it.
Read moreBroker tips: Prudential, National Grid, SSE
23rd Aug 2023 14:53
(Sharecast News) - Deutsche Bank has cut its target price for insurance giant Prudential ahead of its results next week, but said the stock is still an "attractive" investment at the current valuation.
Read moreSevern Trent trading in line ahead of new regulatory investment period
19th Jul 2023 07:18
(Sharecast News) - Severn Trent said in an update on Wednesday that its financial performance remained on track, meeting expectations, as it anticipated delivering a net reward of at least £50m in customer outcome delivery incentives (ODIs).
Read moreSunday 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.
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