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14/05/2013
Possible Severn Trent Takeover News Drives Up Share Prices
A potential takeover bid has been made to Severn Trent, valuing the company at up to £5bn.
The water company, which serves the water and sewerage needs of some 4.2m households and businesses in the UK, have been approached by a consortium made up of the state of Kuwait’s investment arm, a Canadian infrastructure investor and one of the UK's largest pension funds.
An official offer has not yet been made, but news of the interest has resulted in an increase in the water company’s share price, rising 18% to £21.60.
It is understood that a deadline of 11 June will be put in place for the consortium to make an offer, if it is going to.
(H/CD)
The water company, which serves the water and sewerage needs of some 4.2m households and businesses in the UK, have been approached by a consortium made up of the state of Kuwait’s investment arm, a Canadian infrastructure investor and one of the UK's largest pension funds.
An official offer has not yet been made, but news of the interest has resulted in an increase in the water company’s share price, rising 18% to £21.60.
It is understood that a deadline of 11 June will be put in place for the consortium to make an offer, if it is going to.
(H/CD)
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07 March 2006
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Customers of Severn Trent Water are to receive refunds after an investigation by Ofwat found the water company had overcharged customers. The regulator's investigation found that the water company, which has more than eight million customers, had provided regulatory data that was either "deliberately miscalculated" or "poorly supported".
Customers to receive refund from Severn Trent Water
Customers of Severn Trent Water are to receive refunds after an investigation by Ofwat found the water company had overcharged customers. The regulator's investigation found that the water company, which has more than eight million customers, had provided regulatory data that was either "deliberately miscalculated" or "poorly supported".
09 January 2014
Burst Water Main Causes Chaos
A burst water main has caused considerable flooding in Glasgow. A statement from Scottish Water said: "An issue with a faulty valve which regulates pressure has resulted in burst water mains in Mount Stuart Street, Shawlands; Cowcaddens and Duke St at the junction of East Wellington Street and Shettleston Road.
Burst Water Main Causes Chaos
A burst water main has caused considerable flooding in Glasgow. A statement from Scottish Water said: "An issue with a faulty valve which regulates pressure has resulted in burst water mains in Mount Stuart Street, Shawlands; Cowcaddens and Duke St at the junction of East Wellington Street and Shettleston Road.
07 November 2003
Water price rise proposals 'unacceptable for customers'
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Water price rise proposals 'unacceptable for customers'
WaterVoice has today described companies' proposals for billing as "unacceptable to customers in their current form", and called on water companies, regulators and the government to "think about customers' priorities" in terms of value for money.
31 July 2007
Tap Water Restored To More Flood-Hit Homes
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Tap Water Restored To More Flood-Hit Homes
Mains water supplies have now been restored to more than 70,000 homes in the flood-hit Gloucester area. Severn Trent Water said that the programme of re-filling more than 1,200 miles of water pipes is continuing to make steady progress.
12 October 2010
UK Inflation Remains At Current Rate
According to the Office for National Statistics (ONS), UK Consumer Prices Index (CPI) inflation remained unchanged at 3.1% in September. Including a higher proportion of housing costs, the Retail Prices Index (RPI), fell back slightly to 4.6%.
UK Inflation Remains At Current Rate
According to the Office for National Statistics (ONS), UK Consumer Prices Index (CPI) inflation remained unchanged at 3.1% in September. Including a higher proportion of housing costs, the Retail Prices Index (RPI), fell back slightly to 4.6%.
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