logo
Plus   Neg
Share
Email

Severn Trent Still Expects FY Trading Performance In-line With Previous View

Severn Trent Plc. (SVT.L) said it continues to expect the Group will deliver full-year trading performance in-line with previous guidance. There has been no material change to current year business performance since the trading update announced on 28 January 2020.

The company said it remains on track to deliver at least 25 million pounds of net customer ODI outperformance payments for 2019/20, as previously guided.

The company now expects net financing costs to be broadly flat in comparison to last year, despite the increase in overall net debt.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Sundial Herbal Products has recalled around 65 products, which were misbranded and currently unapproved drugs, the U.S. Food and Drug Administration said in a statement. The recall follows an order by a federal judge in June to stop distributing the company's unapproved new drugs. The affected items include herbal products and dietary supplements. Amid the worsening coronavirus pandemic and mounting costs, banking major Wells Fargo & Co. is preparing to cut thousands of jobs starting later this year, Bloomberg Law reported. Citing people with knowledge of the confidential talks, the report noted that executives are drafting plans that may ultimately eliminate tens of thousands of positions from its about 263,000 workforce. KIND Healthy Snacks is recalling a limited number of Oats & Honey Granola pouches citing the presence of undeclared sesame seeds, the U.S. Food and Drug Administration announced. The recall involves KIND Oats & Honey Granola with Toasted Coconut. Sesame seeds, a known allergen, is not listed as an ingredient in the product, instead, the label lists "sesame seeds" under the "May Contain
RELATED NEWS
Follow RTT