Utilities get share price boost from Deutsche Bank due to inflation
Upcoming results from the water and power sectors will help investors understand their inflation exposure, but analysts are confident
Company
Severn Trent PLC
LON:SVT
Severn Trent Water is a member of the Severn Trent Group of companies. Severn Trent is an international utility services and environmental solutions company.
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Severn Trent raises £250mln to fund green initiatives
On Monday, the water utility said it would invest £565mln to upgrade its infrastructure
Severn Trent, Pennon, United Utilities announce investments under government Green Recovery programme
Regulator Ofwat invited English water companies to submit environmentally-friendly proposals in July 2020
Severn Trent confirms dividend and steps up green initiatives
“We are in constructive dialogue with Ofwat and DEFRA on potential investment opportunities for Severn Trent as part of the Government's Green Recovery initiative"
Severn Trent expects to recover lost revenue within two years as interim profits drop
The coronavirus pandemic is dragging down non-household water consumption, which is partly offset by increased household usage
Severn Trent says no effects seen yet from coronavirus on bill collections
The water company said it has “made a fast start on delivering” its planned investment of £430-510mln this year
Severn Trent ups dividend despite expected rise in bad debt from coronavirus
The water company recorded a bad debt charge of £42.5mln for the past year and said it “expects to see an increase in bad debt from higher unemployment and stressed household finances” related to Covid-19
Severn Trent trading unaffected in coronavirus crisis but quiet on dividend plans
Severn Trent has forecast a dividend of 100.08p in total for the year to March, costing around £240mln.
Severn Trent upgraded and water sector gets price target hikes from JPMorgan
Recent weeks have put “significant regulatory and political risks behind us”, analysts said
Severn Trent, UU and Pennon dividends diluted by new Ofwat cap
As of next year, the allowed return on capital will be 2.96% for the whole business and 2.92% for wholesale controls without retail
Severn Trent profits fall ahead of expected £25mln in regulatory incentives
The FTSE 100 company said it expected to receive £25mln in incentives set by water regulator Ofwat
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FTSE 100 closes sharply lower as US jobs fail to inspire; RBS top laggard
"The [jobs] report will more than likely be brushed aside as Fed Chair Powell and US President Trump continue to clash horns in a power struggle," said Nick Kilbey, a sales trader at Foenix Partners
Severn Trent flows steady in first quarter as Ofwat update eyed
The FTSE 100 water and waste company said it had made a “good start” to its financial year
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FTSE 100 closes in the red as China, US trade worries come back on the agenda
In Europe, the German DAX is around 90 points lower at 12,341, while the French CAC 40 is down around 42
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UK inflation data macro focus for Wednesday, trading updates headline company news
The latest price inflation data, if it once again hits the Bank of England's 2% like last month, could cause some concerns at Threadneedle Street
London-listed water firms could be at risk of losing their dividend perk
A new package of regulations from Ofwat will force water companies to maintain ringfenced cash balances, even if it means cutting investor pay outs
Investments and investor services
FTSE 100 closes lower on day but up slightly on week as trade tensions still weigh
The UK's index of leading company shares closed Friday down nearly 23 points at 7,345
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FTSE 100 closes near flat as global markets appear uninspired
Footsie closed up nearly a point at 7,368, while mid-cap cousin FTSE 250 shed over 77 points at 19,172
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Tesco’s first quarter set to face tough comparisons
Tesco, DS Smith and PZ Cussons are the standout names in Thursday's diary.
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Johnson Matthey's final results provide a step up in class for Thursday's corporate diary
The Day Ahead will also bring updates from two FTSE 250-listed firms, transport operator FirstGroup and water utility Pennon, plus numbers from newspapers group Daily Mail