Severn Trent faces £44.7 million sector warning as trading resumes Monday
Severn Trent shares closed at 2,964p in London Friday, up 0.41% but still below last week’s close. Ofwat is moving to penalize Welsh Water £44.7 million after wastewater failures, raising enforcement risk across the sector. Severn Trent reported annual revenue up 16.6% to £2.83 billion and plans up to £2.5 billion in investment this year. Net debt stands at £10.19 billion, according to Hargreaves Lansdown.
