Ofwat 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 moreSevern Trent accelerates river quality target as profits rise
23rd Nov 2021 08:06
(Sharecast News) - Water utility Severn Trent said it was accelerating plans to improve river quality as it reported a rise in half-year profits.
Read moreWater companies to share cost of bad debt with business customers
26th Jul 2021 16:20
(Sharecast News) - The water regulator will permit water suppliers to raise prices for businesses and other non-household customers from next year, in a bid to offset the costs of higher amounts of bad debt amid the Covid-19 pandemic.
Read moreSevern Trent maintains guidance after strong start to year
15th Jul 2021 07:34
(Sharecast News) - Water utility Severn Trent maintained full-year guidance and said it was "confident" of achieving at least £40m positive net outperformance on customer outcome deliver incentives after a good start to the current fiscal year.
Read moreSevern Trent raises £250m for green projects
19th May 2021 07:45
(Sharecast News) - Severn Trent is raising £250m in equity to fund six projects agreed with the regulator to improve water quality and the environment.
Read moreSevern Trent confident on annual results and dividend
4th Feb 2021 08:22
(Sharecast News) - Severn Trent said it was confident about achieving its guidance for annual results and would pay a final dividend according to its policy.
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