Traders bet on Thames Water crisis contagion as firm races to agree survival plan April 17, 2024 Traders at major hedge funds are betting against the assets of British water companies amid fears over their levels of debt highlighted by the crisis engulfing Thames Water.
Dividend hikes and leaking numbers in focus for two of Britain’s largest water firms February 14, 2024 Last year was expected to be the Severn's largest ever year of capital investment, with a total outlay of £1bn planned.
Severn Trent’s profit falls amid ‘largest ever’ investment in its services November 22, 2023 Severn Trent's profit falls amid 'largest ever' investment in its services
Severn Trent shares rise after firm announces plans to invest nearly £13bn in bid to cut leaks and storm overflows September 29, 2023 Severn Trent is planning to invest £12.9bn between 2025 and 2030 as the water company seeks to set an example to a tarnished industry.
Who’s next? Industry debt mountain threatens more than Thames Water July 3, 2023 Thames Water's troubles raise significant questions - such as who could be next and what happens now in the water industry.
Severn Trent becomes first FTSE 100 firm to have female chair, CEO and CFO February 1, 2023 Boardroom history was made this morning as Severn Trent became the first and only FTSE 100 firm to appoint women to the company’s three top positions of chair, chief executive and chief financial officer. The water company announced the news with the appointment of Helen Miles as the firm’s new CFO, previously the capital and [...]
Severn Trent’s turnover booms as it offers 90 per cent discounts on soaring bills November 22, 2022 Water firm Severn Trent had a spike in earnings and profits for the first half of the year, as it offers 90 per cent discounts to customers struggling with their bills. The London-listed utilities firm confirmed a 10.8 per cent increase in turnover from 2021 by up £103.6 million. The company also announced a near [...]
Severn Trent rings changes following retirement of top official after 12 years September 13, 2022 Severn Trent is ringing the changes on its board following the retirement of a long-serving official after 12 years at the helm. Bronagh Kennedy will step down as Group General Counsel and Company Secretary in early December, with the company splitting up the roles. Both Severn Trent and its Water Limited company will have Didar [...]
Severn Trent on track for targets just months after launching affordability scheme for struggling Brits July 14, 2022 Water supply Severn Trent said it was enjoying a good start to the year operationally and said it expects at least £50m in customer outcome delivery incentives (ODI) outperformance payments in FY23.
Severn Trent pledges more support for households as it battles sewer spillages May 25, 2022 Water supply company Severn Trent has enjoyed a spike in group turnover this year, as consumption returns to pre-pandemic levels.