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SevernTrent


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UK's Thames Water says regulator's proposed cuts untenable

UPDATE 2-UK's Thames Water says regulator's proposed cuts untenable Adds Water UK's comment in paragraph 9 and 10, Thames Water's comment in paragraph 11 Aug 28 (Reuters) - Britain's largest water provider Thames Water said on Wednesday that the expenditure cuts proposed by the water regulator were not tenable and would deter investment, as the utility struggles with debt and risks being nationalised.
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UK water investments under threat from regulatory demands, trade body says

UK water investments under threat from regulatory demands, trade body says Aug 28 (Reuters) - British water companies' lobby on Wednesday warned that the industry watchdog's recent proposals to meet environmental targets within the allowed increase in customer bills could deter investments in the sector. The lobby group, Water UK, added that the standards laid out by Ofwat, which regulates water companies in England and Wales, will be impossible to meet with the proposed expenditure cuts.
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UK government proposes higher compensation for water company failures

UK government proposes higher compensation for water company failures LONDON, Aug 12 (Reuters) - British water companies that fail their customers will have to hand over higher compensation to affected households and businesses under plans announced by the government on Monday. Under the proposals, compensation would be doubled where water companies failed to meet key standards to which customers were legally entitled, such as failing to provide notice of supply interruptions and missing arrange
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London's FTSE 100 falls after U.S. recession fears spark global rout

REFILE-UPDATE 1-London's FTSE 100 falls after U.S. recession fears spark global rout Refiling to restore dropped number "100" in headline FTSE 100 down 2.0% , FTSE 250 off 2.8% Utilities sector leads losses John Wood Group plummets after Sidara walks away from buyout By Purvi Agarwal, Roshan Abraham Aug 5 (Reuters) - The UK's main stock indexes kicked off the week on a downbeat note, led by losses in utilities as fears of U.S.
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Barclays cuts UK water utilities on negative sector outlook; shares fall

BUZZ-Barclays cuts UK water utilities on negative sector outlook; shares fall ** Shares of UK water companies Pennon PNN.L , United Utilities UU.L and Severn Trent SVT.L all open lower between 4%-5% ** FTSE 100 .FTSE down 2.13% while FTSE midcap .FTMC down 2.57% ** Pennon down 5.2% at 598p, United Utilities down 4.9% at 1,007 and Severn Trent down 4.2% at 2,542p ** Barclays says it is no longer so positive on the sector following Ofwat's Draft Determinations and annual performance reports of the
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UK water companies fail to get basics right, environmental regulator says

UPDATE 1-UK water companies fail to get basics right, environmental regulator says Five out of nine rated as 'requiring improvement' 47 serious pollution incidents in 2023, up by three Tougher regulation on the way Adds Water UK comments in paragraphs 6, 7, 12 By Sarah Young LONDON, July 23 (Reuters) - Britain's Environment Agency on Tuesday lambasted the country's water companies for spewing sewage into rivers and seas, saying the majority of them were failing to get the basics right, as it out
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UK water companies fail to get basics right, environmental regulator says

UK water companies fail to get basics right, environmental regulator says LONDON, July 23 (Reuters) - Britain's Environment Agency lambasted the country's water companies for spewing sewage into rivers and seas, saying the majority of them were failing to get the basics right, as it outlined plans for a tougher regulatory approach. Years of under-investment by privately-run, profit-seeking water companies in the UK has coincided with heavier rainfall from climate change and a growing population
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UK Stocks-Factors to watch on July 23

UPDATE 1-UK Stocks-Factors to watch on July 23 Adds new items, updates futures July 23 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Tuesday, with futures FFIc1 down 0 .4%. * COMPASS: British catering group Compass CPG.L raised its 2024 profit and revenue forecasts for the second time this year despite easing prices, after new businesses helped it beat third-quarter revenue expectations.
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UK water firm Severn Trent targets to halve spills rate by 2030

UK water firm Severn Trent targets to halve spills rate by 2030 July 23 (Reuters) - British water company Severn Trent SVT.L said on Tuesday it was confident it would halve its spills rate by 2030, at a time when the water industry is under close scrutiny over wastewater pollution and pipe leakages. ($1 = 0.7742 pounds) Reporting by Aby Jose Koilpa
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Severn Trent Expects To Halve Spills Rate By 2030

BRIEF-Severn Trent Expects To Halve Spills Rate By 2030 July 23 (Reuters) - Severn Trent PLC SVT.L : SEVERN TRENT PLC - ST PLC CONFIRMS FIFTH YEAR OF 4-STAR EPA STATUS SEVERN TRENT PLC - ST PLC CONFIRMS FIFTH YEAR OF 4-STAR EPA STATUS SEVERN TRENT PLC - EXPECTS TO HALVE SPILLS RATE BY 2030 Source text for Eikon: ID:nRSW4355Xa Further company covera
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UK Stocks-Factors to watch on July 23

UK Stocks-Factors to watch on July 23 July 23 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Tuesday, with futures FFIc1 down 0.2%. * BP: British oil and gas producer BP BP.L , Venezuela's state oil company PDVSA and Trinidad and Tobago's National Gas Company are speeding negotiations for a Venezuelan license to develop natural gas deposits in the Caribbean Sea, four people familiar with the matter said.
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British Business - July 17

PRESS DIGEST-British Business - July 17 July 17 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - The FTSE 250 precision instruments company Spectris SXS.L has struck a deal to buy U.S.-based Micromeritics for an upfront 485 million pounds($629.14 million)in its latest bolt-on acquisition.
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United Utilities, Severn Trent shares down on wastewater probe

UPDATE 2-United Utilities, Severn Trent shares down on wastewater probe Updates share move in paragraph 2, adds Thames Water's bond move in paragraph 4 July 16 (Reuters) - Shares in United Utilities UU.L and Severn Trent SVT.L fell on Tuesday after the UK's water regulator opened enforcement cases into them, as well as two others, as part of its ongoing probe into wastewater management.
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UK water firms United Utilities, Severn Trent fall on regulatory probe

UK water firms United Utilities, Severn Trent fall on regulatory probe July 16 (Reuters) - Shares in British water firms United Utilities UU.L and Severn Trent SVT.L fell after a water regulator on Tuesday opened enforcement cases into them, as well as two others, as part of its ongoing probe into wastewater management. United Utilities and Severn Trent were among the top percentage losers on the blue-chip FTSE 100 .FTSE index, falling about 1.5% and 1% respectively in early trading.
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Severn Trent Says OFWAT Serves Section 203 Notices To Co

BRIEF-Severn Trent Says OFWAT Serves Section 203 Notices To Co July 16 (Reuters) - Severn Trent PLC SVT.L : SEVERN TRENT PLC - WASTEWATER TREATMENT INFORMATION REQUEST SEVERN TRENT PLC - OFWAT SERVES SECTION 203 NOTICES TO SEVERN TRENT SEVERN TRENT PLC - TO WORK CONSTRUCTIVELY WITH OFWAT Source text for Eikon: ID:nRSP5598Wa Further company coverage
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Ofwat Announces Enforcement Cases Against 4 More Cos In Wastewater Treatment Investigation

BRIEF-Ofwat Announces Enforcement Cases Against 4 More Cos In Wastewater Treatment Investigation July 16 (Reuters) - OFWAT ANNOUNCES ENFORCEMENT CASES AGAINST FOUR MORE COMPANIES IN WASTEWATER TREATMENT INVESTIGATION OFWAT: SERVED FORMAL NOTICES ON DŴR CYMRU WELSH WATER, HAFREN DYFRDWY, SEVERN TRENT AND UNITED UTILITIES Source text for Eikon: [ID:
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Rising risk of UK's Thames Water being broken up, JPMorgan warns

UPDATE 1-Rising risk of UK's Thames Water being broken up, JPMorgan warns Adds detail and quotes from paragraph 4 By Marc Jones LONDON, July 15 (Reuters) - The financial future of Britain's biggest water firm , Thames Water , looks increasingly uncertain in the wake of new pricing and spending limits laid out by regulator Ofwat, according to investment bank JPMorgan.
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Rising risk of "disruptive outcome" for Thames Water, JPMorgan warns

Rising risk of "disruptive outcome" for Thames Water, JPMorgan warns LONDON, July 15 (Reuters) - The financial future of Britain's biggest water firm Thames Water looks increasingly uncertain, investment bank JPMorgan warned on Monday. Analysts at the bank said they were concerned that UK regulator Ofwat’s tough stance on financial resilience laid out last week may increase balance sheet risks in UK water sector and that Thames was now facing particular risks.
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UK water companies sign up to government reform plans, minister says

UK water companies sign up to government reform plans, minister says LONDON, July 11 (Reuters) - British water utilities have signed up to the government's initial package of reforms for the sector, environment minister Steve Reed said on Thursday after meeting with representatives from 16 companies. “After meetings with water bosses this afternoon, they have now signed up to my initial package of reforms as we work towards cleaning up our water, prioritising the interests of water customers a
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UK water utilities up after Ofwat's bill increase boosts optimism

BUZZ-UK water utilities up after Ofwat's bill increase boosts optimism ** Shares of water utility companies climb as British water regulator Ofwat allows average bills to be raised by 21% ** Pennon, which also named Laura Flowerdew as new CFO , up 7.6% at 666p ** Severn Trent SVT.L up 3% at 2,694p; United Utilities UU.L up about 2.4% at 1,091.5p ** Regulator says for the next five years, companies will be able to increase average bills by 94 pounds ($120.87) ** The proposal from Ofwat was lower
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