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19.12.24 - 19:00
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Ofwat opts for expediency. It′s time for water companies to stop bleating | Nils Pratley (The Guardian)
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Water bill increases are at about the level most firms asked for – but not so for beleagured Southern and ThamesAverage water bill to rise by 36% over five yearsHow much more might you pay in your area?Water bills in England and Wales were always going to rise massively. The question was the degree. Ofwat has landed on figures that, for about three-quarters of the companies, represent roughly what they wanted in order to fund regular operations and build new projects.The response in the share prices of the few firms that remain on the stock market always offers the best instant guide to these hellishly complicated five-yearly regulatory determinations. On a bad day in the wider market, Severn Trent and United Utilities were two of best performers in the FTSE 100 index; Pennon, owner of South West Water, was in step in the FTSE 250. Continue reading......
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19.12.24 - 11:42
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Severn Trent Says Ofwat Approves £14.9 Bln Totex For Co In AMP8 (Reuters EN)
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BRIEF-Severn Trent Says Ofwat Approves £14.9 Bln Totex For Co In AMP8 Dec 19 (Reuters) - Severn Trent PLC SVT.L : SEVERN TRENT PLC - SEVERN TRENT WATER PR24 FINAL DETERMINATION SEVERN TRENT PLC - OFWAT APPROVES £14.9 BILLION TOTEX FOR SEVERN TRENT IN AMP8 SEVERN TRENT - PROVIDE A FURTHER MARKET UPDATE ON FINAL DETERMINATION EARLY IN 2025 Source t...
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12.12.24 - 08:28
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Nemetschek, Pennon Group, Severn Trent (Reuters EN)
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EUROPE RESEARCH ROUNDUP- Nemetschek, Pennon Group, Severn Trent Dec 12 - Securities analysts revised their ratings and price targets on several European companies, including Nemetschek, Pennon Group and Severn Trent on Thursday. HIGHLIGHTS * About You Holding SE YOUG.DE : Barclays raises to equal-weight from underweight * Nemetschek SE NEKG.DE : JP Morgan initiates coverage with underweight rating * Pennon Group PNN.L : Barclays raises to overweight from equal-weight * Severn Trent SVT.L : Barcl...
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