Business
ST Plc Trading Update - 1 April to 18 July 2018
ST Plc Trading Update - 1 April to 18 July 2018.
About this update from Severn Trent Plc
[{"type":"text","content":"\n \nRNS Number : 9506U Severn Trent PLC 18 July 2018 \n\n \n \nSevern Trent Plc\n \nTrading Update for the period 1 April to 18 July 2018\n \nSevern Trent, one of the leading water and waste water companies in the UK, today provides a trading update for the period to 18 July 2018.\n \nWe continue to focus on the things that matter most to our customers and we are pleased to be in the upper quartile of Utility companies in the most recent UK Customer Service Index. We are on track with the £100 million reinvestment announced in May which will benefit our customers as we prepare for AMP7.\n \nOur business plan for AMP7 is progressing well and we are confident we can present a plan this coming September which balances the needs of all of our stakeholders for the next regulatory period. We remain supportive of Ofwat's approach and welcomed the recent decisions on the 'Putting the sector back in balance' consultation.\n \nAs previously announced, we have taken a number of steps to ready ourselves for AMP7. From 1 April 2018, our Bioresources and Property Development businesses moved into the Business Services division. We will be reporting segmental results under both the old and the new structures, as part of our half year results presentation, on 22 November 2018. In addition, on 1 July 2018 we launched our Hafren Dyfrdwy business which will serve our Welsh customers, and is operating well under the new structure.\n \nOverall, we have made a good start to the financial year and there has been no material change to current year business performance or outlook since the full-year 2017/18 results presentation on 23 May 2018. The Board continues to expect that the Group will deliver full-year trading performance in-line with its expectations and prior guidance.\n \nSevern Trent will be hosting a Capital Markets Day on 14 September 2018 where we will bring our PR19 plan to life.\n \nEnquiries\n \nInvestors & Analysts\n\n\n\nRichard Eadie\n\n\nSevern Trent Plc\n\n\n+44 (0) 7889 806578\n\n\n\n\nHead of Investor Relations\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRachel Martin\n\n\nSevern Trent Plc\n\n\n+44 (0) 7824 624011\n\n\n\n\nInvestor Relations Manager\n\n\n\n\n\n\n\n\n\n \nMedia\n\n\n\nPress Office\n\n\nSevern Trent Plc\n\n\n+44 (0) 247 771 5640\n\n\n\n\n\n\n\n\...