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Severn Trent Shares News & Articles

Market report: Tesco to pull out of home loans market while Galliford to cut workforce

UK markets have started the day higher with the benchmark FTSE 100 up 0.5% to 7,350.4, bouncing back after yesterday’s blockbuster announcement from Google that it is barring Chinese smartphone marker Huawei from updates to its Android operating system. On Tuesday UK investors seem more willing to put ongoing Brexit uncertainty to one side as they concentrate on corporate news, led by a ...

Market report: Water sector rallies on watchdog approval but BT slides on third quarter growth and cash flow pinch

UK water industry stocks are rallying in early trade on Thursday after the three UK listed firms – Severn Trent (SVT), United Utilities (UU.) and Pennon (PNN) – see their business plans win watchdog approval. That sends sector share prices rallying having removed a hefty unknown for investors, led by the 1.5% rise at United Utilities to 832p, the UK’s largest water company. The ...

Rolls-Royce targets £400m of savings, AVEVA rallies but Petra Diamonds falls as new shares flood market

There’s a major business shake-up underway at Rolls-Royce (RR.) as the FTSE 100 aero-engineer confirms that it will cut 4,600 jobs as part of a plan to simplify its business and save £400m a year by the end of 2020. Those hoped-for streamlined costs go down well with investors, sending the stock more than 3% higher in early trade on Thursday to 854p, topping the FTSE 100 leader ...

Market report: William Hill shares smashed as £2 FOBT limit gossip rears head again

The gambling industry once again hits the headlines following new reports that the government might slash the maximum stake on fixed odds betting terminals (FOBT) to just £2. This story has run and run but it is having a massive impact on bookmaker stocks in early trade on Tuesday, with shares in William Hill (WMH) plunging 11% on the news to 300.5p, valuing the bookie at £2.56bn. William ...
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