Company
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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The shortened trading Week Ahead will only bring updates from the likes of second-liners FirstGroup, Pennon, Wizz Air, and Daily Mail & General Trust
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United Utilities, Intertek, Mitchells & Butlers, TalkTalk Group, and Tate & Lyle are all in the schedule for Thursday.
Severn reported a 7.8% rise in pre-tax profits to £563mln in the 12 months ended 31 March, helped by lower tax rates and cheaper interest repayments
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The UK's premier shares index closed up around ten points at 7,320
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The Day Ahead will bring trading updates from the likes of stores groups Halfords, Topps Tiles, and WH Smith
Its analysts also trim forecasts as they believe that a cut to allowed regulatory returns is likely and incentive packages are “tougher than expected”
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"Equities have been relentlessly positive all day, with the session having started off on the front foot thanks to Chinese credit growth, which rose 10.7% over the year to hit a sum equivalent to 9% of the country’s GDP," said Chris Beaucha
The US bank’s analysts downgraded ratings for both blue-chip Severn Trent and its mid-cap peer Pennon to ‘neutral’ from ‘overweight’ and reduced their target for United Utilities
The FTSE 100-listed water company said there have been no material changes to current year business performance or outlook since it reported its interim results
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The UK index of leading shares closed down around four points at 7,173
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The launch of a generic rival to its Advair inhaler has many expecting a downgrade to Glaxo's outlook
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The week ahead includes updates from Thomas Cook, Superdry, Ryanair and Tate & Lyle, among others.
Rico Back, 64, is the oldest chief executive on the FTSE 100 after joining Royal Mail in early 2018
"Investors aren’t willing to forgive Fed Chair Jeremy Powell yet; a soft open on Wall Street threatens to drag the FTSE lower into the close," said Fiona Cincotta at City Index
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Thomas Cook, Go-Ahead Group, and Greene King will be among Thursday's highlights.
Ofwat’s Price Review 2019 is likely to limit how much extra money companies can earn through outcome delivery incentives, while AMP7 will likely require them to invest heavily into infrastructure
The blue-chip water firm said it was on track for its biggest year of capital spend in a decade, with more than £300mln invested in the first six months to improve performance for its customers today and for generations to come
The UK blue-chip benchmark closed down nearly 90 points at 6,960, while the FTSE 250 shed nearly 55 points
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Aside from Centrica, the Day Ahead includes updates from the likes of water firm Severn Trent, booze retailer Majestic Wines, and pubs operator Mitchells & Butlers
The UK blue - chip index finished down 99.8 points at 7,318, while FTSE 250 was also lower
The UK blue chip index rose 34 points to 7,308 around 3.40pm
The UK blue-chip index finished up over 72 points at 7,504, while the mid-cap FTSE 250 was also higher
Agrivert – founded in 1994 - generates renewable energy from food waste and operates food-waste processing plants and waste composting sites in the UK
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Michel Barnier apparently said that the bloc was willing to offer the UK a unique deal
Severn Trent said it was on track to deliver a previously announced £100mln reinvestment programme
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The index of leading UK shares closed up just shy of 50 points higher at 7,676, while the FTSE 250 was also up
Easyjet and Severn Treant are among the key names in the diary for Wednesday.
Ofwat chief executive, Rachel Fletcher said: "Through the measures we've announced today, we are strengthening the incentive on companies to improve their performance for customers and cutting the rewards that come from financial engineerin
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The FTSE 100 has clawed back all of this morning's losses and some, while the ECB has unveiled plans to end its quantitative easing programme in December
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Aside from the ECB meeting, the day ahead also includes an annual general meeting for Wm Morrison Supermarkets, and updates from PZ Cussons and Majestic Wine
The bank said that while it had turned more positive on the sector in early April, an average 20% rally in prices since then meant there was now “a more balanced risk-reward trade-off”
Laith Khalaf, senior analyst at Hargreaves Lansdown said: ‘Marks and Spencer looks like it’s going to avoid relegation from the FTSE 100 by the skin of its teeth”
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Both the US and UK are heading towards a three-day weekend and, to be honest, it kind of feels like the break has already begun...
Full-year revenues rose thanks to Ofwat’s pricing changes, but profits dipped due to a £40mln increase in net finance costs
The FTSE 100 group will spend £100mln on improving its offering and infrastructure after reporting a rise in revenue and profit
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Global markets are in the red after Donald Trump said he was not happy with the progress of talks with China.
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M&S announced shop closures a day ahead of its results announcement; was that to spread the bad news over two days or to ensure the bad news did not overshadow a decent trading performance?
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FTSE 100 reached a new record close on Monday after achieving it last time on Thursday
There's an argument to be made that BT would have been better off tapping the market three years ago when its shares were twice as high as they are now, rather than braving it out. John Harrington looks at the FTSE 350 to see whether there
ITV's trading statement at the AGM gave the broadcaster a hot in the arm
In a note to clients, the bank said the sector has lost a quarter of its value over the last year as it was hit by regulatory and competitive pressures as well as concerns over political risk
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Investors remain nervous over the prospect of an escalating trade war between the US and China but were somewhat placated by anaemic jobs growth in March in the US, which has made four rate rises this year less likely
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The Footsie has been in consolidation mode for most of the day
Severn Trent and Pennon are upgraded to ‘overweight’, though JP Morgan’s price targets were retained at 2,250p and 830p.
The Footsie perked up after US jobs growth in February was way off the charts
Since it announced its interims, a £400mln fixed-rate sterling bond with a coupon of 6% has matured and was refinanced in part with a £250mln five-year sterling bond with a coupon of 1.625%
The UK blue chip index closed up 138 at 7,279 - above the day’s peak of 7,255.
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Rio Tinto is expected to carry on returning piles of cash to shareholders but some people think a dividend cut at Glaxo is on the cards
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After November's hike, another UK rate rise is unlikely this month, although some Bank of England MPC members may vote for a rise after a unanimous vote in December
They said: “At the start of a regulatory review cycle, faced with the prospect of rising interest rates and risk from changes in political leadership, we believe that the UK water sector is poorly placed relative to the wider European oppor
The dollar's revival did not last long, and although a weak dollar is regarded as being detrimental to the FTSE, the top-shares index still managed a 50 point gain
The FTSE 100 finally gave up and settled in the red, albeit slightly down ahead of BoE's monetary policy decision on Thursday
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The blue-chip benchmark closed in negative territory as sterling rose
Market was subdued as US markets were closed for Thanksgiving
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The day ahead includes a trading update from British Gas owner Centrica, full year result from pubs operators Mitchells & Butlers PLC, and interims from Mothercare PLC
Liberum reckons Comcast's reported interest in 21st Century Fox could be good news for Sky shareholders ...
The FTSE 100 index finished down around 44 at 7,498, above the session low of 7,475.83, but unable to reach the opening peak of 7.542.73
A glance at some of the bigger risers and fallers today in London ...
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Interim results are due from UK power firm Drax and a trading statement from TalkTalk will likely also garner investor attentions.
The firm said the North American business operates and manages water and wastewater systems, and provides management services to municipalities and local communities
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The UK blue chip index closed up 64 at 7,377 on Monday with miners higher
Despite events, the FTSE 100 remained relatively strong throughout the day but ended lower
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Like Bob Dudley, his counter-part at FTSE 100-listed peer BP, Shell’s chief executive Ben Van Beurden will see his multi-million euro salary come under close scrutiny
A look at some of the biggest London-listed risers and fallers today
The FTSE 100 index closed up 68.94 points at 7,523 - a new record high
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Glaxo is the next pharmaceuticals giant to update the market and it will probably be a familiar story of increased competition from generic versions of its blockbuster drugs.
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BP could please on Thursday as its recent quarterly updates have proved a little disappointing. GlaxoSmithKline will unveil its numbers Wednesday.
Deutsche repeated its ‘buy’ advice on United Utilities, Severn Trent and Pennon, but turned bearish on Centrica
What's in store on Friday November 24? Pennon has results
The new chancellor of the exchequer gets to set out his stall
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FTSE 100 stocks ended higher on Thursday thanks to miners and the construction sector, while the laggards included venerable British names Royal Mail and Rolls Royce
FTSE 100 stocks dropped on Wednesday, dragged lower by housebuilders and building materials firms, as investors absorbed a poor trading statement from Barratt Developments. But RBS may have more bad news in the morning
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A look at some of the main broker upgrades and downgrades today
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Barclays took opposing views on the futures of high street stalwarts compared with younger online retailers on Friday.
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Analyst Christopher Laybutt has repeated an 'overweight' stance and turned up the target price to 2,250p from 2,160p previously.
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Tuesday brings Royal Dutch Shell Plc (LON:RDSB) into focus, as it holds its AGM, elsewhere, retailer Kingfisher releases results.
Big oil and big pharma will wrestle for the limelight. On the economic front, the big events are the Bank of England's interest rate decision and US non-farm payrolls.
Thursday sees big cap pub group Marston's report results.....
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A first quarter trading statement from bikes and car part firm Halfords, while luxury clothes brand Burberry also updates the market.
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Dixons Carphone recently announced plans to crack the US, but for now the main concern is a softening market for televisions in Europe.
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European Commission president Jean-Claude Juncker said new proposals submitted by Greece to its creditors were a “basis for progress”.
European Commission president Jean-Claude Juncker said new proposals submitted by Greece to its creditors were a “basis for progress”.