Why Severn Trent Plc Shares Jumped After United Utilities’ £11.5 Billion Water Bet
Severn Trent Plc jumped 6.7% to 3,252.50 pence on Thursday, riding the surge in UK water stocks after United Utilities unveiled a larger investment plan and announced a share offer. United Utilities shot up 11%. Pennon added 5.6%. Investors are back to probing just how far regulated UK water utilities can stretch for growth—and the price tag that comes with it. Demands to upgrade pipes, sewage networks, and reservoirs keep piling up, yet fury over both pollution and rising water bills hasn’t cooled.
