Severn Trent PLC

Severn Trent Plc engages in the provision of clean water and waste water treatment services and develops renewable energy solutions. It operates through the following segments: Regulated Water & Waste Water and Business Services. The Regulated Water & Waste Water segment includes the wholesale water and waste water activities of Severn Trent Water Limited, its retail services to domestic customers, and Hafren Dyfrdwy Cyfyngedig. The Business Services segment includes the group's operating services, the Green Power business, the property development business, and its other non-regulated businesses including affinity products and searches. The company was founded in 1974 and is headquartered in Coventry, the United Kingdom.

FTSE 100-listed water firm Severn Trent PLC (LSE:SVT) has been accused by BBC Panorama of inflating its balance sheet by £1.68 billion through a complex accounting scheme intended to justify higher shareholder returns. According to the investigation, the water company incorporated a shell entity called Severn Trent Trimpley in 2017.

Severn Trent accused of artificially inflating balance sheet in scathing Panorama investigation

FTSE 100-listed water firm Severn Trent PLC (LSE:SVT) saw a huge swing in interim profits despite acknowledging that it will miss certain water-safety performance metrics this financial year. The group reported a near tripling of profit after tax to £141.4 million for the six months ending 30 September, up from £51.60 million a year earlier.

Severn Trent fails to hit water-safety standards as profits nearly triple

Severn Trent PLC (LSE:SVT) and United Utilities Group PLC (LSE:UU.) have been granted share price target upgrades by Deutsche Bank on new proposals for incentives within the water sector.

Severn Trent, United Utilities to benefit from water incentive plans - analysts

Shares in water companies on the FTSE 350 rose on Thursday as bosses from the industry assembled to hear a friendlier than expected speech from new environment minister Steve Reed. Leaked headlines overnight revealed the government is proposing new laws to combat pollution that could see directors banned from receiving bonuses and even sent to prison.

Severn Trent, Pennon and other water utilities surge as government offers olive branch

Sewage and wastewater treatment remain a cloud over the water sector that UBS does not expect to dissipate soon. Yesterday's Environment Agency annual review again highlighted storm overflows, notes the broker, and while there was an improvement for some companies, the headline data was still poor and attracted criticism from the EA chair.

Severn Trent a sell as storm overflow problems overhang sector, says UBS

Severn Trent PLC (LSE:SVT) hailed its environmental performance after it received a four-star rating from the Environmental Agency for the fifth year running. Its award however came just months after it was fined £2 million for dumping sewage into the River Trent in Stoke alongside other missed environmental targets.

Severn Trent hails environment award despite sewage dumping fine

Water regulator Ofwat has opened four new enforcement cases against British water and wastewater companies, with formal notices served on FTSE 100 firms Severn Trent PLC (LSE:SVT) and United Utilities Group PLC (LSE:UU.). Dŵr Cymru Welsh Water, Hafren Dyfrdwy have also been told to gather evidence.

Ofwat targets Severn Trent, United Utilities in latest sewage investigation

Next Thursday, UK water companies will hear from the regulator how much they can raise prices over the next five years and what level of dividends they can pay. There are expectations that when it announces the ‘draft determination' for the UK water industry on 11 July, Ofwat wants to allow a handful of the most debt-laden utilities, like Thames Water, to pay lower potential fines for sewage dumping to allow time for them to “recover”.

Severn Trent, Pennon and UU braced for watchdog's pricing and dividend decision

British utility companies' stocks continued their freefall this week as concerns about their margins escalated. Pennon Group's (LON: PNN) share price tumbled for four straight days and reached its lowest swing since October last year.

Here's why Pennon Group, United Utilities, Severn Trent stocks slumped

Severn Trent's boss has defended her £3.2 million salary, saying the company had made “massive progress” on river quality. In February, the Midlands water supplier was fined £2 million for spilling 240 litres of raw sewage into the River Trent near Stoke while the number of spills it was responsible for rose by a third to more than 60,000 in 2023.

Severn Trent boss defends salary as sewage spills rise

United Utilities (LON: UU) and Severn Trent (LON: SVT) share prices have come under pressure recently as investors focus on the ongoing Thames Water woes. Severn Trent slipped to 2,470p on Thursday, 10% below its highest point in December.

Severn Trent, United Utilities shares waver amid Thames Water woes

Severn Trent PLC (LSE:SVT) has been whacked with over £2 million in fines after spilling sewage into the River Trent near Stoke. Some 240 litres of raw sewage flowed into the river between November 2019 and February 2020, after two of Severn Trent's three screw pumps nearby failed.

Severn Trent fined over £2 million for Stoke sewage spill

Severn Trent PLC (LSE:SVT) has told investors that an influx of storms in recent months will not impact the water company's financial performance for the year. Despite the UK being hit by 10 named storms since September and suffering the third wettest end to a year on record, Severn Trent reported it had avoided a significant hit.

Severn Trent backs outlook despite influx of storms

Severn Trent and United Utilities have moved almost seamlessly to the top of the most-disliked company list. A combination of sewage dumping, inflation-busting price hikes and generous dividend payouts have seen to that.

Severn Trent and United Utilities update with sewage uppermost again

Water companies will increase the average annual water and sewerage bill to rise by 6% in England and Wales from April, according to its trade body. In Scotland, water and waste charges will go up by 8.8%, said Water UK.

Water Utilities shares rise as bills go up more than inflation

Severn Trent PLC (LSE:SVT)'s first half results received a warm welcome from analysts and investors alike, as increased revenue saw shares in the water firm climb on Wednesday. Reporting on the six months to September, FTSE 100-listed Severn Trent announced a near-10% jump in revenue to £1.17 billion driven by higher earnings from its consumer business.

Severn Trent results well received after revenue climbs

Severn Trent PLC (LSE:SVT) moved to bolster its finances unveiling a £1 billion fund raise including a £500 investment from Qatar Investment Authority and a £500m placing. The news came as the water company unveiled plans to invest £12.9 billion between 2025-2030 as part of its business plan for the regulatory period beginning April 1 2025 and ending March 31 2030 as it seeks to cut leakages and sewage spills.

Severn Trent to raise £1 billion as pledges to tackle leaks and spills

Severn Trent PLC (LSE:SVT) has been boosted by an upgrade by Barclays in a sector review in which the bank highlights its favoured water play as Pennon.  The broker moved the stock to overweight from equal weight but nudged its price target down from 3,400p to 3,360p.

Severn Trent upgraded and Pennon favoured by Barclays

Severn Trent said financial performance remains on track and that the business is well-placed to deliver progress. The water supplier said it made a strong start operationally in the period to 18 July, with reservoir levels at 77%, more than 10% higher than the same period last year.

Severn Trent remains on track as reservoir levels rise

Severn Trent Water's first quarter update next week would have been testing enough even before the near collapse of peer Thames Water. Thames looks to have staved off failure and nationalisation for now with a new cash injection, but its woes have brought the issue of the financial structure of water utilities to the fore.

Severn Trent first water utility to update after Thames chaos

Water companies and other utilities could be re-purposed into a "new breed of declared social purpose companies" if Labour wins the next general election, the boss of Severn Trent PLC (LSE:SVT) has suggested in a letter to other industry bosses.  Amid worries about the financial resilience of water companies and criticism of high utility bills paying for bumper dividends and bosses pay, the chief executive of the FTSE 100-listed giant, Liv Garfield, suggested utility bosses form a taskforce and work with the Labour party to avoid the re-nationalisation of these former state-owned industries, with the threat looming larger after the crumpling of Thames Water in recent days.

Utility industry could form 'new breed of social purpose companies' suggests Severn Trent CEO

Severn Trent (LON: SVT) share price plunged on Thursday as investors assess the ongoing Thames Water crisis in the UK. The stock tumbled by more than 2.80%, becoming the worst performer in the FTSE 100 index.

Severn Trent share price nosedives amid the Thames Water crisis

Pennon Group PLC (LSE:PNN, OTC:PEGRY) and Severn Trent PLC (LSE:SVT) suffered share price target downgrades on Monday in light of a “challenging” backdrop for UK utilities, Deutsche Bank analysts said. Deutsche lowered Pennon's share price target from 840p to 780p, up 1.6% on Monday's close, while Severn Trent's was slashed from 3,000p to 2,850p, a prospective 4% rise.

UK water companies hit by Deutsche Bank downgrades

UK water companies have apologised for sewage spills into rivers and the seaside and promised to more than triple current levels over investment to £10bn for sewer improvements, though they want customers to pay for it. Industry group Water UK said that water companies, which include FTSE-listed trio Pennon Group PLC (LSE:PNN, OTC:PEGRY), Severn Trent PLC (LSE:SVT) and United Utilities Group PLC (LSE:UU.

Water companies apologise for sewage spill issues, promise £10bn of investment

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Fresh trading and acquisition news was rolled out by these three FTSE 100 businesses on Wednesday.

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