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ANALYST VIEWS | HAVE SEVERN TRENT’S RESULTS MADE A SPLASH?
DOMINIC NASH LIBERUM CAPITAL
The numbers are a small beat. In a continuing trend amongst utilities both interest and tax charges were lower than expected.. Operationally, the company appears to be doing well.
JAMES BRAND DEUTSCHE BANK
Severn Trent reported slightly disappointing full year results in our view. Although it announced a special dividend, this was below our expectations. It also announced further writedowns at its services business.
JONATHAN JACKSON KILLIK & CO
The dividend is up 7.7 per cent to 70.1p, in line with the group’s policy of annual growth of RPI plus three per cent. In addition… the board has declared a capital return of 63p per share.