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The Latest Breaking News from Severn Trent

Premier Inn owner appoints Severn Trent boss as new chairwoman

Christine Hodgson joins partway through a five-year growth plan at the company, which involves building thousands more hotel rooms.

Evening Standard

Severn Trent enjoys bumper profits as water bills soar

The water firm, which hiked customer bills by an average of 21% in April, saw profits rise by more than half to £320 million last year.

Evening Standard

Residential street flooded as burst main shoots 100ft jet of water into the air

Some properties in Sneedhams Green in Matson, Gloucester, were left without supplies.

Evening Standard

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United Utilities boss admits water firm ‘isn’t good enough at stopping sewage dumping’

Louise Beardmore, boss at England’s worst-polluting firm, tells MPs pollution rise partly down to extra monitors and wet weather

The Guardian - UK

Severn Trent to increase shareholder dividends as water bills rise

It came as the water firm said its financial performance up to January 23 ‘remains on track’.

The Independent UK

Water bills in England and Wales: how much more might you pay in your area?

The average bill is to rise by 36% over five years. Here’s what each firm will charge, and how they will spend the cash

The Guardian - UK

FTSE slumps as Bank of England holds interest rates

The FTSE 100 finished 93.79 points, or 1.14%, lower to end the day at 8,105.32.

The Independent UK

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Water companies blocked from paying bonuses out of customer money

Regulator uses new powers to ensure investors pay at Thames, Yorkshire, and Dŵr Cymru Welsh Water

The Guardian - UK

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

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

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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 Independent UK

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 Guardian - 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

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Evening Standard

Tone deaf utility bosses get usual reward for failure

City Comment: The strong case for nationalising Severn Trent

The Guardian - UK

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

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

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