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Friday's agenda - Severn Trent turns on results tap

Water firm Severn Trent has its final results out today and broker the Share Centre rates the shares a 'hold'.

Not much brewing on the macro front, though German GDP figures will be closely monitored to see how the European powerhouse is faring.

Meanwhile, Severn Trent investors will be keen to hear whether the group met full year (to end March) expectations, as it had earmarked in a trading statement in February.

The water company had said consumption in its Ofwat-regulated business was expected to be up slightly on the previous year as a result of warmer weather.

In November last year the group announced proposals to create a new organisational structure in response to the challenges of asset management programme - AMP 6.

The idea is to improve efficiency while achieving improved wastewater effluent quality.

The programme was expected to give rise to an expected exceptional charge of between £25 million and £30 million for the second half of the year.

Anouncements expected:

Sirius Real Estate (LON:SRE), Severn Trent (LON:SVT)

Trading statement

Close Brothers Group (LON:CBG)

Economic data: German GDP, US Markit Flash PMI, Italian retail sales, French business confidence

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