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The Latest Breaking News from Severn Trent

Severn Trent’s profits triple as it fails drinking water risk rules

Half-year profits of £192m come despite being ‘in penalty’ over quality

The Guardian - UK

Severn Trent profits nearly triple despite non-compliance risk on water quality

The company serves about 4.6 million homes and businesses across the Midlands and Wales.

Evening Standard

European stocks rise while US market rally wanes

London’s FTSE moved 40.86 points higher, or 0.51%, to close at 8,071.19,

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

FTSE 100 Live 05 November: Vodafone merger boost, Primark owner rallies but ASOS posts big loss

The merger of Vodafone and Three today moved a step closer after the companies were told a huge 5G rollout could alleviate competition concerns.

Evening Standard

Water companies raise bonuses to £9.1m despite record sewage discharges

Third of total comprises bonuses at Severn Trent as indebted Thames nearly doubles payouts to executives

The Guardian - UK

Don’t indulge the Thames Water whingers next week, prime minister

Labour should stand firm at its investors summit and remind attenders that the UK’s utilities sector is eminently investable

The Guardian - UK

Sewage-spilling English water firms could be denied ‘top marks’ in rankings

Exclusive: Regulator plans tighter rules to stop polluters from using four-star rating to justify high CEO pay

The Guardian - UK

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Every single water company in England and Wales now facing huge sewage investigation by regulator

Ofwat aim to conclude the cases against the water companies ‘as quickly as possible’ so the sector can focus on cleaning up the rivers and seas

The Independent UK

Every water firm in England and Wales under investigation over sewage spills

Ofwat opens cases against Severn Trent and three others, days after they faced criticism over huge bill rises

The Guardian - UK

The best long-term plan for Thames Water is to get it back on the stock market

The discipline of being a listed company should mean an end to the days of ultra-high leverage and opaque corporate structures

The Guardian - UK

Tone deaf utility bosses get usual reward for failure

City Comment: The strong case for nationalising Severn Trent

Evening Standard

Severn Trent boss paid £3.2m despite firm’s fine for sewage spills in river

Liv Garfield’s pay included a £584,000 bonus despite firm’s £2m fine for spilling 260m litres of sewage into River Trent

The Guardian - UK

Severn Trent increases payout to shareholders despite its 60,000 sewage spills last year

Final dividend hiked by 9% as MPs write to Ofwat boss urging him to deny water firms’ requests in price review process

The Guardian - UK

Water firms in England and Wales urged to invest profits in cutting bills

Suppliers expected to charge average 6% more from April despite public anger at underinvestment and sewage dumping

The Guardian - UK

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The Guardian - UK

Revealed: watchdogs and water bosses had dinner at private London club to discuss future

Exclusive: Meal attended by Environment Agency and Ofwat chairs attacked as outrageous example of ‘regulatory capture’

Evening Standard

The biggest corporate gaffes of 2023

It's that time of the year again. Here are 15 of the City desk's best corporate gaffes of 2023

The Guardian - UK

Water regulator starts a ‘crackdown’ on bonuses about 30 years too late

Ofwat’s newfound interest in executive pay in the water industry is merely a tweak

The Guardian - UK

Ban bonuses to water company bosses, Ofwat told

Regulator under pressure to act after finding executive payouts at three English suppliers were not justified

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Evening Standard

Severn Trent’s surprise £1 billion share sale points to wave of water industry spending

Shares rise after capital raising plans around new £13 billion 5-year business plan

The Guardian - UK

Severn Trent customer water bills to rise by almost 37% by end of decade

Firm raises £1bn in investment – half from Qatar’s sovereign wealth fund – to improve network over five years

The Guardian - UK

‘Unacceptable’: how raw sewage has affected rivers in England and Wales – in maps

Hundreds of thousands of raw sewage discharges were recorded last year. These maps show where these were and what the impact is

The Guardian - UK

Public could receive hundreds of millions as water firms face sewage lawsuit

Class action legal claim on behalf of 20 million householders in England and Wales could top £800m in compensation

The Guardian - UK

Severn Trent likely to be allowed to charge customers £60m extra

Water firm tells investors it is on track to claim reward for exceeding its own customer service targets

The Guardian - UK

Severn Trent chief proposes ‘social purpose’ water firms amid utilities crisis

Liv Garfield seeks backing from Labour for reforms as government eyes temporary renationalisation of Thames Water

Evening Standard

Secret email from Severn Trent water boss to rivals: stick together to fend off nationalisation

‘Please don’t forward this email,’ begs £4m-a-year water chief Liv Garfield

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